Pain Therapeutics, Inc. (NASDAQ:PTIE) – Equities research analysts at Gabelli increased their FY2017 EPS estimates for Pain Therapeutics in a research note issued to investors on Wednesday. Gabelli analyst K. Kedra now forecasts that the biopharmaceutical company will post earnings per share of ($1.90) for the year, up from their previous forecast of ($2.20). Gabelli also issued estimates for Pain Therapeutics’ FY2018 earnings at ($2.50) EPS, FY2019 earnings at ($5.00) EPS, FY2020 earnings at ($4.70) EPS and FY2021 earnings at ($3.50) EPS.
A number of other analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Pain Therapeutics from a “hold” rating to a “buy” rating and set a $4.25 price objective for the company in a research report on Tuesday, October 31st. ValuEngine cut shares of Pain Therapeutics from a “sell” rating to a “strong sell” rating in a research report on Friday, December 1st.
Pain Therapeutics (NASDAQ:PTIE) last posted its quarterly earnings results on Wednesday, November 1st. The biopharmaceutical company reported ($0.40) earnings per share for the quarter.
An institutional investor recently bought a new position in Pain Therapeutics stock. Dimensional Fund Advisors LP bought a new position in shares of Pain Therapeutics, Inc. (NASDAQ:PTIE) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 59,989 shares of the biopharmaceutical company’s stock, valued at approximately $247,000. Dimensional Fund Advisors LP owned approximately 0.91% of Pain Therapeutics at the end of the most recent quarter. Institutional investors and hedge funds own 35.99% of the company’s stock.
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Pain Therapeutics Company Profile
Pain Therapeutics, Inc is a biopharmaceutical company. The Company is focused on drug development efforts on disorders of the nervous system, such as chronic pain. The Company’s lead drug candidate, REMOXY, is an abuse-deterrent, oral formulation of oxycodone (CII). The Company’s other products is FENROCK.
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