Pieris Pharmaceuticals (PIRS) Stock Price Up 5.6%

Pieris Pharmaceuticals Inc (NASDAQ:PIRS) traded up 5.6% on Thursday . The stock traded as high as $6.30 and last traded at $6.26. 512,897 shares changed hands during trading, a decline of 16% from the average session volume of 614,111 shares. The stock had previously closed at $5.93.

Several equities research analysts have recently weighed in on the company. HC Wainwright set a $9.00 target price on Pieris Pharmaceuticals and gave the stock a “buy” rating in a research report on Monday, October 2nd. ValuEngine lowered Pieris Pharmaceuticals from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. 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) last posted its quarterly earnings results on Wednesday, November 8th. The biotechnology company reported ($0.16) earnings per share for the quarter, beating the Zacks’ consensus estimate 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. Pieris Pharmaceuticals’s revenue for the quarter was up 400.3% on a year-over-year basis. sell-side analysts forecast that Pieris Pharmaceuticals Inc will post -0.72 earnings per share for the current year.

In other Pieris Pharmaceuticals news, major shareholder Orbimed Advisors Llc sold 147,635 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $5.70, for a total transaction of $841,519.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.05% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Voya Investment Management LLC purchased a new stake in Pieris Pharmaceuticals during the second quarter worth $100,000. Wells Fargo & Company MN acquired a new position in shares of Pieris Pharmaceuticals in the third quarter worth $105,000. State of Wisconsin Investment Board acquired a new position in shares of Pieris Pharmaceuticals in the second quarter worth $132,000. The Manufacturers Life Insurance Company raised its holdings in shares of Pieris Pharmaceuticals by 1,106.3% in the second 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 during the last quarter. Finally, Rhumbline Advisers acquired a new position in shares of Pieris Pharmaceuticals in the second quarter worth $184,000. 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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