Puma Biotechnology (PBYI) Earning Somewhat Favorable News Coverage, Study Shows

Press coverage about Puma Biotechnology (NASDAQ:PBYI) has been trending somewhat positive on Monday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Puma Biotechnology earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave news coverage about the biopharmaceutical company an impact score of 44.3016286949607 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:

Several research firms have weighed in on PBYI. BidaskClub cut shares of Puma Biotechnology from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 14th. Credit Suisse Group raised their price objective on shares of Puma Biotechnology from $136.00 to $142.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Barclays restated a “buy” rating and issued a $122.00 price objective (up previously from $103.00) on shares of Puma Biotechnology in a research report on Friday, November 10th. Citigroup raised their price objective on shares of Puma Biotechnology from $156.00 to $164.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Finally, Royal Bank of Canada lowered their price objective on shares of Puma Biotechnology from $108.00 to $92.00 and set a “sector perform” rating for the company in a research report on Friday, November 10th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $130.67.

Shares of Puma Biotechnology (PBYI) traded up $0.40 during midday trading on Monday, hitting $101.15. 509,725 shares of the stock traded hands, compared to its average volume of 1,088,767. Puma Biotechnology has a one year low of $28.35 and a one year high of $136.90.

Puma Biotechnology (NASDAQ:PBYI) last issued its earnings results on Thursday, November 9th. The biopharmaceutical company reported ($2.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.50) by $0.43. The business had revenue of $6.10 million during the quarter, compared to the consensus estimate of $3.78 million. During the same period last year, the business posted ($1.11) EPS. sell-side analysts expect that Puma Biotechnology will post -8.19 earnings per share for the current fiscal year.

In other news, SVP Richard Paul Bryce sold 15,000 shares of the firm’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $120.00, for a total value of $1,800,000.00. Following the transaction, the senior vice president now owns 42,239 shares of the company’s stock, valued at approximately $5,068,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charles R. Eyler sold 1,322 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $105.46, for a total transaction of $139,418.12. The disclosure for this sale can be found here. 21.10% of the stock is currently owned by company insiders.

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Puma Biotechnology Company Profile

Puma Biotechnology, Inc is a biopharmaceutical company that focuses on the development and commercialization of products for the treatment of cancer. The Company focuses on in-licensing the development and commercialization rights to over three drug candidates, including PB272 (neratinib (oral)), PB272 (neratinib (intravenous)) and PB357.

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