Five Prime Therapeutics, Inc. (FPRX) Given “Buy” Rating at Jefferies Group LLC
Five Prime Therapeutics, Inc. (NASDAQ:FPRX)‘s stock had its “buy” rating reaffirmed by research analysts at Jefferies Group LLC in a report released on Thursday. They presently have a $52.00 price target on the biotechnology company’s stock, down from their previous price target of $55.00. Jefferies Group LLC’s price objective would indicate a potential upside of 82.39% from the company’s previous close.
A number of other research firms have also issued reports on FPRX. Zacks Investment Research raised shares of Five Prime Therapeutics from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research report on Wednesday, April 26th. ValuEngine raised shares of Five Prime Therapeutics from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, BidaskClub lowered shares of Five Prime Therapeutics from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. Five Prime Therapeutics currently has an average rating of “Hold” and a consensus target price of $60.80.
Shares of Five Prime Therapeutics (NASDAQ FPRX) opened at 28.51 on Thursday. The stock’s market capitalization is $795.34 million. The company has a 50-day moving average of $29.71 and a 200-day moving average of $34.92. Five Prime Therapeutics has a 12-month low of $26.27 and a 12-month high of $60.98.
Five Prime Therapeutics (NASDAQ:FPRX) last posted its quarterly earnings results on Tuesday, August 8th. The biotechnology company reported ($1.58) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.15) by $0.43. The company had revenue of $7.80 million during the quarter, compared to analysts’ expectations of $8.32 million. Five Prime Therapeutics had a negative return on equity of 30.52% and a negative net margin of 356.39%. Five Prime Therapeutics’s revenue for the quarter was down 16.1% compared to the same quarter last year. During the same period last year, the company earned ($0.49) earnings per share. Equities analysts expect that Five Prime Therapeutics will post ($4.67) earnings per share for the current fiscal year.
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A number of institutional investors have recently added to or reduced their stakes in FPRX. Creative Planning increased its position in Five Prime Therapeutics by 0.8% in the second quarter. Creative Planning now owns 6,744 shares of the biotechnology company’s stock worth $203,000 after buying an additional 54 shares in the last quarter. Laurion Capital Management LP purchased a new position in Five Prime Therapeutics during the first quarter worth approximately $210,000. Rockefeller Financial Services Inc. purchased a new position in Five Prime Therapeutics during the second quarter worth approximately $210,000. BlueCrest Capital Management Ltd purchased a new position in Five Prime Therapeutics during the first quarter worth approximately $254,000. Finally, Arxis Securities LLC purchased a new position in Five Prime Therapeutics during the first quarter worth approximately $267,000. Hedge funds and other institutional investors own 85.10% of the company’s stock.
Five Prime Therapeutics Company Profile
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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