ProQR Therapeutics N.V. (PRQR) Upgraded to Buy by Zacks Investment Research
Zacks Investment Research upgraded shares of ProQR Therapeutics N.V. (NASDAQ:PRQR) from a hold rating to a buy rating in a research note released on Tuesday. They currently have $5.50 price target on the biopharmaceutical company’s stock.
According to Zacks, “ProQR Therapeutics B.V. is a biotech company. It is engaged in the discovery and development of RNA-based therapeutics for the treatment of severe genetic disorders, with an initial focus on Cystic Fibrosis (CF). The Company’s lead product candidate includes QR-010, a RNA-based oligonucleotide for the treatment of cystic fibrosis. ProQR Therapeutics B.V. is headquartered in Leiden, the Netherlands. “
PRQR has been the subject of a number of other research reports. HC Wainwright restated a buy rating and issued a $40.00 price objective on shares of ProQR Therapeutics N.V. in a research report on Tuesday, June 20th. ValuEngine upgraded ProQR Therapeutics N.V. from a strong sell rating to a sell rating in a research report on Friday, September 1st. Chardan Capital reissued a neutral rating on shares of ProQR Therapeutics N.V. in a research note on Sunday, September 17th. JMP Securities increased their target price on ProQR Therapeutics N.V. from $14.00 to $20.00 and gave the stock an outperform rating in a research note on Tuesday, September 26th. Finally, Leerink Swann reissued an outperform rating and issued a $12.00 price target (up from $10.00) on shares of ProQR Therapeutics N.V. in a report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The company has an average rating of Buy and an average target price of $16.40.
ProQR Therapeutics N.V. (PRQR) traded up 2.717% during trading on Tuesday, reaching $4.725. 53,887 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $5.20 and a 200 day moving average price of $5.05. The firm’s market capitalization is $113.90 million. ProQR Therapeutics N.V. has a 52 week low of $3.65 and a 52 week high of $8.70.
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A number of institutional investors and hedge funds have recently modified their holdings of the business. Janus Henderson Group PLC purchased a new position in ProQR Therapeutics N.V. in the second quarter valued at about $2,028,000. Artal Group S.A. lifted its position in shares of ProQR Therapeutics N.V. by 25.0% during the 2nd quarter. Artal Group S.A. now owns 500,000 shares of the biopharmaceutical company’s stock valued at $2,600,000 after acquiring an additional 100,000 shares during the period. Finally, Redmile Group LLC boosted its stake in shares of ProQR Therapeutics N.V. by 2.8% during the 2nd quarter. Redmile Group LLC now owns 1,596,275 shares of the biopharmaceutical company’s stock worth $8,301,000 after acquiring an additional 43,050 shares in the last quarter. Institutional investors own 35.93% of the company’s stock.
ProQR Therapeutics N.V. Company Profile
ProQR Therapeutics N.V. (ProQR), formerly ProQR Therapeutics B.V., is a pre-clinical stage biopharmaceutical company. The Company is engaged in the discovery and development of ribonucleic Acid (RNA)-based therapeutics for the treatment of severe genetic disorders. Utilizing its RNA repair technologies, the Company is developing a pipeline in severe genetic disorders, such as cystic fibrosis (CF) and Leber’s congenital amaurosis (LCA).
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