JMP Securities upgraded shares of Proteon Therapeutics (NASDAQ:PRTO) from a market perform rating to an outperform rating in a research report sent to investors on Monday, MarketBeat.com reports.
Several other research firms also recently commented on PRTO. Zacks Investment Research upgraded Proteon Therapeutics from a sell rating to a hold rating in a report on Saturday, February 9th. HC Wainwright set a $3.00 price objective on Proteon Therapeutics and gave the company a buy rating in a report on Friday, January 25th. Finally, Maxim Group began coverage on Proteon Therapeutics in a report on Tuesday, October 30th. They set a buy rating and a $5.00 price objective for the company. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Proteon Therapeutics currently has a consensus rating of Buy and an average price target of $3.50.
NASDAQ PRTO opened at $2.99 on Monday. The company has a market cap of $56.13 million, a PE ratio of -1.40 and a beta of 0.77. Proteon Therapeutics has a 52 week low of $1.50 and a 52 week high of $3.10.
Proteon Therapeutics Company Profile
Proteon Therapeutics, Inc, a late-stage biopharmaceutical company, focuses on the development of pharmaceuticals to address the needs of patients with renal and vascular disease. Its lead product candidate is vonapanitase, an investigational drug intended to improve hemodialysis vascular access outcomes.
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