Insider Buying: Pieris Pharmaceuticals, Inc. (PIRS) Director Acquires 10,000 Shares of Stock
Pieris Pharmaceuticals, Inc. (NASDAQ:PIRS) Director James A. Geraghty acquired 10,000 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were bought at an average price of $4.82 per share, for a total transaction of $48,200.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at approximately $48,200. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Pieris Pharmaceuticals, Inc. (PIRS) traded down 2.32% on Thursday, hitting $4.63. 388,394 shares of the stock traded hands. Pieris Pharmaceuticals, Inc. has a 52 week low of $1.30 and a 52 week high of $6.20. The stock’s market cap is $205.15 million. The firm’s 50 day moving average is $5.34 and its 200 day moving average is $3.65.
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Several research analysts have recently issued reports on PIRS shares. Rodman & Renshaw started coverage on shares of Pieris Pharmaceuticals in a report on Tuesday, May 30th. They set a “buy” rating and a $9.00 price objective on the stock. BidaskClub downgraded shares of Pieris Pharmaceuticals from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 26th. TheStreet upgraded shares of Pieris Pharmaceuticals from a “d” rating to a “c-” rating in a report on Wednesday, May 3rd. Finally, HC Wainwright set a $9.00 price objective on shares of Pieris Pharmaceuticals and gave the stock a “buy” rating in a report on Friday, August 11th. Five research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus target price of $8.25.
Several hedge funds have recently bought and sold shares of PIRS. California State Teachers Retirement System bought a new stake in Pieris Pharmaceuticals during the second quarter worth about $308,000. The Manufacturers Life Insurance Company boosted its stake in Pieris Pharmaceuticals by 1,106.3% in the second quarter. The Manufacturers Life Insurance Company now owns 31,785 shares of the biotechnology company’s stock worth $161,000 after buying an additional 29,150 shares in the last quarter. State Street Corp bought a new stake in Pieris Pharmaceuticals during the second quarter worth about $2,377,000. Voya Investment Management LLC bought a new stake in Pieris Pharmaceuticals during the second quarter worth about $100,000. Finally, Vanguard Group Inc. bought a new stake in Pieris Pharmaceuticals during the second quarter worth about $526,000. Institutional investors own 45.34% 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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