Pieris Pharmaceuticals, Inc. (NASDAQ:PIRS) Given Average Rating of “Buy” by Brokerages
Pieris Pharmaceuticals, Inc. (NASDAQ:PIRS) has been assigned a consensus rating of “Buy” from the six ratings firms that are currently covering the company, Marketbeat reports. Five analysts have rated the stock with a buy rating. The average 12 month price target among brokers that have issued a report on the stock in the last year is $8.25.
A number of research analysts have issued reports on the stock. BidaskClub lowered shares of Pieris Pharmaceuticals from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 26th. HC Wainwright set a $9.00 target price on shares of Pieris Pharmaceuticals and gave the company a “buy” rating in a report on Friday. Rodman & Renshaw assumed coverage on shares of Pieris Pharmaceuticals in a report on Tuesday, May 30th. They issued a “buy” rating and a $9.00 target price on the stock. Finally, TheStreet lowered shares of Pieris Pharmaceuticals from a “c-” rating to a “d-” rating in a report on Monday, June 12th.
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Pieris Pharmaceuticals (NASDAQ:PIRS) opened at 4.63 on Friday. Pieris Pharmaceuticals has a 52 week low of $1.30 and a 52 week high of $6.20. The stock’s market capitalization is $200.97 million. The firm’s 50-day moving average is $5.35 and its 200-day moving average is $3.55.
Pieris Pharmaceuticals (NASDAQ:PIRS) last released its earnings results on Wednesday, May 10th. The biotechnology company reported ($0.19) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.35. The firm had revenue of $1.34 million during the quarter, compared to analysts’ expectations of $32.30 million. Pieris Pharmaceuticals had a negative net margin of 459.73% and a negative return on equity of 123.78%. On average, equities research analysts predict that Pieris Pharmaceuticals will post ($0.70) EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PIRS. TIAA CREF Investment Management LLC purchased a new position in Pieris Pharmaceuticals during the second quarter worth about $649,000. Teachers Advisors LLC bought a new position in shares of Pieris Pharmaceuticals during the second quarter valued at $308,000. Sphera Funds Management LTD. raised its position in shares of Pieris Pharmaceuticals by 10.0% in the second quarter. Sphera Funds Management LTD. now owns 1,100,000 shares of the biotechnology company’s stock valued at $5,566,000 after buying an additional 100,000 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Pieris Pharmaceuticals during the second quarter valued at $359,000. Finally, State of Wisconsin Investment Board bought a new position in shares of Pieris Pharmaceuticals during the second quarter valued at $132,000. Institutional investors own 44.88% of the company’s stock.
About Pieris Pharmaceuticals
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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