Proteon Therapeutics Inc (PRTO) Given Consensus Rating of “Hold” by Brokerages

Shares of Proteon Therapeutics Inc (NASDAQ:PRTO) have been assigned a consensus rating of “Hold” from the six brokerages that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $3.43.

A number of research analysts recently weighed in on PRTO shares. Zacks Investment Research lowered Proteon Therapeutics from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 18th. HC Wainwright reaffirmed a “hold” rating and set a $2.30 price objective on shares of Proteon Therapeutics in a report on Wednesday, November 8th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $2.00 price objective on shares of Proteon Therapeutics in a report on Friday, November 10th.

In other Proteon Therapeutics news, Director James E. Flynn acquired 110,557 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were purchased at an average price of $1.75 per share, with a total value of $193,474.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have purchased 122,852 shares of company stock worth $216,533 in the last ninety days. 36.30% of the stock is currently owned by corporate insiders.

A hedge fund recently bought a new stake in Proteon Therapeutics stock. RA Capital Management LLC acquired a new position in shares of Proteon Therapeutics Inc (NASDAQ:PRTO) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,337,462 shares of the biopharmaceutical company’s stock, valued at approximately $2,040,000. Proteon Therapeutics accounts for approximately 0.2% of RA Capital Management LLC’s portfolio, making the stock its 22nd largest position. RA Capital Management LLC owned approximately 7.59% of Proteon Therapeutics as of its most recent SEC filing. 50.05% of the stock is currently owned by institutional investors and hedge funds.

Proteon Therapeutics (NASDAQ:PRTO) traded up $0.05 during trading on Monday, hitting $1.90. The stock had a trading volume of 43,100 shares, compared to its average volume of 26,275. Proteon Therapeutics has a twelve month low of $1.10 and a twelve month high of $2.75. The stock has a market capitalization of $33.48, a PE ratio of -0.86 and a beta of 1.62.

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About Proteon Therapeutics

Proteon Therapeutics, Inc is a late-stage biopharmaceutical company, which focuses on the development of pharmaceuticals to address the needs of patients with renal and vascular disease. The Company is involved in research and development activities. The Company’s product candidate, product candidate, vonapanitase, formerly PRT-201, is a recombinant human elastase that it is developing to manage vascular access failure in patients with chronic kidney disease undergoing or planning for hemodialysis, a lifesaving treatment that cannot be conducted without a functioning vascular access.

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