Five Prime Therapeutics, Inc. (FPRX) Director William R. Ringo Sells 600 Shares
Five Prime Therapeutics, Inc. (NASDAQ:FPRX) Director William R. Ringo sold 600 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $45.33, for a total value of $27,198.00. Following the transaction, the director now owns 600 shares of the company’s stock, valued at $27,198. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Five Prime Therapeutics (NASDAQ:FPRX) last issued its quarterly earnings results on Tuesday, August 8th. The biotechnology company reported ($1.58) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.15) by ($0.43). The firm had revenue of $7.80 million during the quarter, compared to analyst estimates of $8.32 million. Five Prime Therapeutics had a negative return on equity of 31.78% and a negative net margin of 356.39%. The business’s revenue was down 16.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.49) earnings per share.
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A number of research analysts have recently commented on the company. Royal Bank Of Canada reiterated a “buy” rating and set a $41.00 target price on shares of Five Prime Therapeutics in a research report on Wednesday, October 25th. Zacks Investment Research upgraded Five Prime Therapeutics from a “sell” rating to a “buy” rating and set a $49.00 target price for the company in a research report on Monday, October 16th. BMO Capital Markets upgraded Five Prime Therapeutics from a “market perform” rating to an “outperform” rating in a research report on Monday, October 16th. Jefferies Group LLC reiterated a “buy” rating and set a $52.00 target price on shares of Five Prime Therapeutics in a research report on Tuesday, September 12th. Finally, ValuEngine upgraded Five Prime Therapeutics from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $54.83.
Several large investors have recently modified their holdings of FPRX. Creative Planning boosted its stake in shares of Five Prime Therapeutics by 0.8% in the second quarter. Creative Planning now owns 6,744 shares of the biotechnology company’s stock worth $203,000 after acquiring an additional 54 shares during the last quarter. Rockefeller Financial Services Inc. acquired a new stake in shares of Five Prime Therapeutics in the second quarter worth approximately $210,000. Legal & General Group Plc boosted its stake in shares of Five Prime Therapeutics by 3.1% in the second quarter. Legal & General Group Plc now owns 9,455 shares of the biotechnology company’s stock worth $288,000 after acquiring an additional 287 shares during the last quarter. Tudor Investment Corp ET AL boosted its stake in shares of Five Prime Therapeutics by 56.8% in the first quarter. Tudor Investment Corp ET AL now owns 8,033 shares of the biotechnology company’s stock worth $290,000 after acquiring an additional 2,910 shares during the last quarter. Finally, Virtu KCG Holdings LLC acquired a new stake in shares of Five Prime Therapeutics in the second quarter worth approximately $331,000. 84.01% of the stock is currently owned by hedge funds and other institutional investors.
About Five Prime Therapeutics
Five Prime Therapeutics, Inc is a clinical-stage biotechnology company focused on discovering and developing protein therapeutics. The Company’s product candidates include Cabiralizumab (FPA008), which is an antibody that inhibits colony stimulating factor-1 receptor, that it is studying in clinical trials as a monotherapy in pigmented villonodular synovitis, and in multiple cancers in combination with programmed-death 1 immune checkpoint inhibitor, Opdivo; FPA144, which is an antibody that inhibits fibroblast growth factor receptor 2b, that it is initially developing to treat patients with gastric (stomach) cancer and is in a Phase I clinical trial, and FP-1039, which is a fusion protein that traps and neutralizes cancer-promoting fibroblast growth factors, involved in cancer cell proliferation and new blood vessel formation and is in Phase Ib clinical development to treat patients with malignant pleural mesothelioma.
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