Paratek Pharmaceuticals Inc. (PRTK) Shares Up 3.8%
Paratek Pharmaceuticals Inc. (NASDAQ:PRTK)’s share price shot up 3.8% on Thursday . The stock traded as high as $12.90 and last traded at $12.89, with a volume of 103,791 shares trading hands. The stock had previously closed at $12.42.
Several brokerages have commented on PRTK. Robert W. Baird began coverage on Paratek Pharmaceuticals in a report on Friday, May 13th. They set an “outperform” rating and a $30.00 price target on the stock. HC Wainwright reiterated a “buy” rating on shares of Paratek Pharmaceuticals in a report on Monday, May 16th. Cantor Fitzgerald reiterated a “buy” rating on shares of Paratek Pharmaceuticals in a report on Wednesday, May 4th. Zacks Investment Research downgraded Paratek Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Wednesday, May 4th. Finally, Ladenburg Thalmann increased their price target on Paratek Pharmaceuticals from $46.00 to $52.00 and gave the company a “buy” rating in a report on Friday, June 17th. One analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $35.88.
The company’s market cap is $294.60 million. The stock has a 50 day moving average of $13.13 and a 200 day moving average of $14.44.
Paratek Pharmaceuticals (NASDAQ:PRTK) last issued its quarterly earnings data on Thursday, August 4th. The specialty pharmaceutical company reported ($1.69) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.66) by $0.03.
In other Paratek Pharmaceuticals news, CEO Michael Bigham acquired 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 23rd. The stock was acquired at an average cost of $13.45 per share, for a total transaction of $269,000.00. Following the transaction, the chief executive officer now owns 100,000 shares of the company’s stock, valued at $1,345,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Fund Iv L.P. Omega acquired 461,538 shares of the firm’s stock in a transaction that occurred on Monday, June 27th. The stock was acquired at an average price of $13.00 per share, with a total value of $5,999,994.00. The disclosure for this purchase can be found here.
Paratek Pharmaceuticals, Inc (Paratek), formerly Transcept Pharmaceuticals, Inc is a pharmaceutical company focused on the development and commercialization of antibacterial therapeutics based upon tetracycline chemistry. Paratek’s antibacterial product candidates are omadacycline and sarecycline. Omadacycline is a broad-spectrum antibiotic for use as an empiric monotherapy for community-acquired bacterial infections, such as acute bacterial skin and skin structure infections (ABSSSI), community-acquired bacterial pneumonia (CABP) and urinary tract infections (UTI).
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