Pieris Pharmaceuticals, Inc. (NASDAQ:PIRS) Given a $9.00 Price Target by HC Wainwright Analysts
Pieris Pharmaceuticals, Inc. (NASDAQ:PIRS) has been assigned a $9.00 target price by analysts at HC Wainwright in a research note issued to investors on Friday. The brokerage presently has a “buy” rating on the biotechnology company’s stock. HC Wainwright’s price objective would indicate a potential upside of 96.51% from the company’s previous close.
PIRS has been the topic of several other research reports. BidaskClub lowered Pieris Pharmaceuticals from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 26th. TheStreet upgraded Pieris Pharmaceuticals from a “d” rating to a “c-” rating in a report on Wednesday, May 3rd. Finally, Rodman & Renshaw began coverage on Pieris Pharmaceuticals in a report on Tuesday, May 30th. They set a “buy” rating and a $9.00 price target on the stock. Five investment analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus target price of $8.25.
Shares of Pieris Pharmaceuticals (NASDAQ:PIRS) traded down 1.08% on Friday, hitting $4.58. 642,686 shares of the stock traded hands. The firm has a market cap of $197.26 million, a PE ratio of 9.96 and a beta of 1.79. The firm has a 50 day moving average price of $5.35 and a 200 day moving average price of $3.57. Pieris Pharmaceuticals has a 52-week low of $1.30 and a 52-week high of $6.20.
Pieris Pharmaceuticals (NASDAQ:PIRS) last released its quarterly earnings results on Wednesday, May 10th. The biotechnology company reported ($0.19) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.35. Pieris Pharmaceuticals had a negative net margin of 459.73% and a negative return on equity of 123.78%. The company had revenue of $1.34 million for the quarter, compared to analysts’ expectations of $32.30 million. On average, equities analysts forecast that Pieris Pharmaceuticals will post ($0.70) EPS for the current year.
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A number of hedge funds have recently added to or reduced their stakes in the company. State of Wisconsin Investment Board acquired a new stake in Pieris Pharmaceuticals during the second quarter worth $132,000. Creative Planning raised its stake in Pieris Pharmaceuticals by 29.6% in the first quarter. Creative Planning now owns 60,000 shares of the biotechnology company’s stock worth $156,000 after buying an additional 13,700 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Pieris Pharmaceuticals during the second quarter worth $162,000. Rhumbline Advisers acquired a new stake in Pieris Pharmaceuticals during the second quarter worth $184,000. Finally, Schwab Charles Investment Management Inc. acquired a new stake in Pieris Pharmaceuticals during the second quarter worth $292,000. Institutional investors and hedge funds own 44.88% of the company’s stock.
Pieris Pharmaceuticals Company Profile
Pieris Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company’s pipeline includes immuno-oncology multi-specifics tailored for the tumor micro-environment, an inhaled Anticalin to treat uncontrolled asthma and a half-life-optimized Anticalin to treat anemia. Its Anticalins proteins are a class of low molecular-weight therapeutic proteins derived from lipocalins, which are naturally occurring low-molecular weight human proteins typically found in blood plasma and other bodily fluids.
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