Russell Investments Group Ltd. acquired a new stake in Proteostasis Therapeutics, Inc. (NASDAQ:PTI) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 12,833 shares of the company’s stock, valued at approximately $100,000.
Separately, Teachers Advisors LLC boosted its position in Proteostasis Therapeutics by 21.4% in the fourth quarter. Teachers Advisors LLC now owns 12,617 shares of the company’s stock valued at $155,000 after buying an additional 2,223 shares during the last quarter. 78.89% of the stock is owned by institutional investors and hedge funds.
Proteostasis Therapeutics, Inc. (NASDAQ:PTI) opened at 4.78 on Tuesday. The company’s market cap is $119.70 million. Proteostasis Therapeutics, Inc. has a 12 month low of $3.50 and a 12 month high of $20.63. The company has a 50 day moving average price of $4.15 and a 200-day moving average price of $9.40.
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Several research analysts have weighed in on the company. Zacks Investment Research cut Proteostasis Therapeutics from a “hold” rating to a “sell” rating in a research report on Thursday, June 15th. HC Wainwright reiterated a “buy” rating and set a $15.00 price objective on shares of Proteostasis Therapeutics in a research report on Friday, June 30th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $13.00 price objective on shares of Proteostasis Therapeutics in a research report on Sunday, April 2nd.
Proteostasis Therapeutics Company Profile
Proteostasis Therapeutics, Inc is a biopharmaceutical company. The Company is engaged in discovery and development of therapeutics that treat diseases caused by an imbalance in the proteostasis network, a set of pathways that control protein biosynthesis, folding, trafficking and clearance. It has developed the Disease Relevant Translation (DRT) technology platform, a drug screening approach for identifying highly translatable therapeutics based on predictive and functionally pertinent phenotypic assays and disease relevant models.
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