Pieris Pharmaceuticals (PIRS) Stock Rating Lowered by ValuEngine

Pieris Pharmaceuticals (NASDAQ:PIRS) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

Separately, HC Wainwright set a $9.00 price target on Pieris Pharmaceuticals and gave the stock a “buy” rating in a research note on Friday, August 11th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Pieris Pharmaceuticals presently has a consensus rating of “Buy” and a consensus price target of $9.00.

Pieris Pharmaceuticals (NASDAQ PIRS) opened at $6.07 on Friday. Pieris Pharmaceuticals has a 52 week low of $1.34 and a 52 week high of $6.65.

Pieris Pharmaceuticals (NASDAQ:PIRS) last issued its earnings results on Wednesday, November 8th. The biotechnology company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.05. Pieris Pharmaceuticals had a negative return on equity of 221.93% and a negative net margin of 321.83%. The firm had revenue of $3.93 million for the quarter, compared to the consensus estimate of $1.52 million. The business’s revenue for the quarter was up 400.3% compared to the same quarter last year. analysts expect that Pieris Pharmaceuticals will post -0.72 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in PIRS. Voya Investment Management LLC bought a new stake in shares of Pieris Pharmaceuticals during the 2nd quarter worth about $100,000. Wells Fargo & Company MN bought a new stake in shares of Pieris Pharmaceuticals during the 3rd quarter worth about $105,000. State of Wisconsin Investment Board bought a new stake in shares of Pieris Pharmaceuticals during the 2nd quarter worth about $132,000. The Manufacturers Life Insurance Company boosted its stake in shares of Pieris Pharmaceuticals by 1,106.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 31,785 shares of the biotechnology company’s stock worth $161,000 after acquiring an additional 29,150 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in shares of Pieris Pharmaceuticals during the 2nd quarter worth about $162,000. Institutional investors own 50.45% of the company’s stock.

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Pieris Pharmaceuticals Company Profile

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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