ProKidney Corp. (NASDAQ:PROK) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of ProKidney Corp. (NASDAQ:PROKGet Free Report) have been given an average rating of “Moderate Buy” by the eight analysts that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $7.40.

PROK has been the topic of several research analyst reports. HC Wainwright assumed coverage on ProKidney in a research note on Tuesday, December 16th. They issued a “buy” rating and a $12.00 price objective on the stock. Jefferies Financial Group raised ProKidney to a “strong-buy” rating in a research report on Wednesday. Wall Street Zen lowered ProKidney from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ProKidney in a research report on Thursday, January 22nd.

View Our Latest Analysis on ProKidney

Institutional Investors Weigh In On ProKidney

Several institutional investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers bought a new position in ProKidney during the fourth quarter worth about $28,000. Zullo Investment Group Inc. bought a new stake in shares of ProKidney in the third quarter valued at approximately $28,000. Catalyst Funds Management Pty Ltd bought a new stake in shares of ProKidney in the second quarter valued at approximately $36,000. AQR Capital Management LLC lifted its stake in shares of ProKidney by 106.4% during the 1st quarter. AQR Capital Management LLC now owns 52,570 shares of the company’s stock valued at $46,000 after buying an additional 27,098 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in shares of ProKidney during the 4th quarter valued at approximately $65,000. 51.59% of the stock is owned by hedge funds and other institutional investors.

ProKidney Stock Performance

Shares of PROK stock opened at $1.93 on Friday. The firm has a market cap of $580.60 million, a price-to-earnings ratio of -3.71 and a beta of 1.75. ProKidney has a 52 week low of $0.46 and a 52 week high of $7.13. The firm’s 50-day simple moving average is $2.15 and its two-hundred day simple moving average is $2.42.

ProKidney (NASDAQ:PROKGet Free Report) last released its earnings results on Wednesday, March 18th. The company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.02. The company had revenue of $0.23 million for the quarter, compared to the consensus estimate of $0.00 million. Analysts forecast that ProKidney will post -0.57 earnings per share for the current year.

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ProKidney Company Profile

(Get Free Report)

ProKidney, Inc (NASDAQ: PROK) is a clinical-stage biotechnology company focused on developing cell-based therapies for kidney diseases. The company’s research and development activities center on harnessing human-derived proximal tubule cells to address conditions such as acute kidney injury (AKI) and chronic kidney disease (CKD). By targeting the underlying cellular mechanisms of renal injury and dysfunction, ProKidney aims to offer novel regenerative medicine approaches that go beyond current supportive care options.

ProKidney’s lead programs utilize proprietary methods for isolating and expanding renal epithelial cells to create injectable therapeutic products.

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Analyst Recommendations for ProKidney (NASDAQ:PROK)

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