BidaskClub lowered shares of Five Prime Therapeutics (NASDAQ:FPRX) from a hold rating to a sell rating in a research note issued to investors on Monday morning.
A number of other equities research analysts have also issued reports on the company. BMO Capital Markets increased their target price on Five Prime Therapeutics from $71.00 to $75.00 and gave the company an outperform rating in a research note on Tuesday, November 7th. Royal Bank of Canada reissued a buy rating and issued a $41.00 price target on shares of Five Prime Therapeutics in a report on Wednesday, October 25th. Zacks Investment Research downgraded Five Prime Therapeutics from a buy rating to a hold rating in a report on Thursday, November 9th. Finally, ValuEngine downgraded Five Prime Therapeutics from a hold rating to a sell rating in a report on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $64.00.
Shares of Five Prime Therapeutics (NASDAQ FPRX) opened at $18.42 on Monday. Five Prime Therapeutics has a 12 month low of $18.41 and a 12 month high of $49.30. The stock has a market capitalization of $647.90, a PE ratio of -3.64 and a beta of 3.56.
Large investors have recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. bought a new position in Five Prime Therapeutics during the 3rd quarter worth approximately $223,000. Dupont Capital Management Corp bought a new position in Five Prime Therapeutics during the 3rd quarter worth approximately $341,000. Legal & General Group Plc lifted its holdings in Five Prime Therapeutics by 3.1% during the 2nd quarter. Legal & General Group Plc now owns 9,455 shares of the biotechnology company’s stock worth $288,000 after buying an additional 287 shares during the last quarter. Virtu KCG Holdings LLC bought a new position in Five Prime Therapeutics during the 2nd quarter worth approximately $331,000. Finally, Tudor Investment Corp ET AL lifted its holdings in Five Prime Therapeutics by 49.4% during the 2nd quarter. Tudor Investment Corp ET AL now owns 11,999 shares of the biotechnology company’s stock worth $361,000 after buying an additional 3,966 shares during the last quarter. 71.23% of the stock is currently owned by institutional investors.
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About Five Prime Therapeutics
Five Prime Therapeutics, Inc is a clinical-stage biotechnology company focused on discovering and developing protein therapeutics. The Company’s product candidates include Cabiralizumab (FPA008), which is an antibody that inhibits colony stimulating factor-1 receptor, that it is studying in clinical trials as a monotherapy in pigmented villonodular synovitis, and in multiple cancers in combination with programmed-death 1 immune checkpoint inhibitor, Opdivo; FPA144, which is an antibody that inhibits fibroblast growth factor receptor 2b, that it is initially developing to treat patients with gastric (stomach) cancer and is in a Phase I clinical trial, and FP-1039, which is a fusion protein that traps and neutralizes cancer-promoting fibroblast growth factors, involved in cancer cell proliferation and new blood vessel formation and is in Phase Ib clinical development to treat patients with malignant pleural mesothelioma.
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