Prothena (PRTA) Given News Sentiment Rating of 0.13

Press coverage about Prothena (NASDAQ:PRTA) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Prothena earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the biotechnology company an impact score of 45.6019988836764 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

A number of analysts recently weighed in on the stock. ValuEngine raised shares of Prothena from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Oppenheimer set a $70.00 price objective on shares of Prothena and gave the company a “buy” rating in a research report on Monday, December 4th. Deutsche Bank set a $73.00 price objective on shares of Prothena and gave the company a “buy” rating in a research report on Monday, October 23rd. Cantor Fitzgerald reissued a “buy” rating and issued a $65.00 price objective on shares of Prothena in a research report on Wednesday, December 20th. Finally, Wedbush cut shares of Prothena from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $75.00 to $55.00 in a research report on Monday, November 20th. One analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $75.58.

Shares of Prothena (PRTA) opened at $36.77 on Tuesday. The stock has a market cap of $1,410.00, a PE ratio of -8.67 and a beta of 2.42. Prothena has a 12 month low of $34.85 and a 12 month high of $70.00.

Prothena (NASDAQ:PRTA) last released its quarterly earnings data on Tuesday, November 7th. The biotechnology company reported ($1.37) earnings per share for the quarter, topping the consensus estimate of ($1.41) by $0.04. The firm had revenue of $0.19 million for the quarter, compared to analyst estimates of $0.28 million. Prothena had a negative net margin of 562.19% and a negative return on equity of 34.40%. Prothena’s quarterly revenue was down 33.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.26) earnings per share. research analysts forecast that Prothena will post -4.27 earnings per share for the current year.

In related news, insider Tara Nickerson sold 4,724 shares of the stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $69.05, for a total transaction of $326,192.20. Following the sale, the insider now owns 6,724 shares in the company, valued at $464,292.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Christopher S. Henney sold 900 shares of the company’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $70.00, for a total transaction of $63,000.00. Following the completion of the transaction, the director now owns 900 shares of the company’s stock, valued at approximately $63,000. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,924 shares of company stock worth $809,787. 3.10% of the stock is owned by company insiders.

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Prothena Company Profile

Prothena Corporation Public Limited Company is a global biotechnology company. The Company is focused on the discovery, development and commercialization of immunotherapies for the treatment of diseases that involve protein misfolding or cell adhesion. The Company’s clinical pipeline of antibody-based product candidates targets a range of indications, including Amyloid Light-chain (AL) amyloidosis (NEOD001), Parkinson’s disease and other related synucleinopathies (PRX002), and inflammatory diseases, including psoriasis and psoriatic arthritis (PRX003) and ATTR amyloidosis (PRX004).

Insider Buying and Selling by Quarter for Prothena (NASDAQ:PRTA)

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