Pieris Pharmaceuticals, Inc. (PIRS) Rating Reiterated by HC Wainwright
Pieris Pharmaceuticals, Inc. (NASDAQ:PIRS)‘s stock had its “buy” rating reiterated by HC Wainwright in a report released on Wednesday. They currently have a $9.00 target price on the biotechnology company’s stock. HC Wainwright’s price objective would suggest a potential upside of 70.45% from the company’s current price.
Separately, BidaskClub cut shares of Pieris Pharmaceuticals from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 26th. Four analysts have rated the stock with a buy rating, Pieris Pharmaceuticals has an average rating of “Buy” and a consensus target price of $9.00.
Pieris Pharmaceuticals (PIRS) opened at 5.28 on Wednesday. The stock’s market capitalization is $233.95 million. The company has a 50 day moving average of $5.72 and a 200-day moving average of $5.72. Pieris Pharmaceuticals has a 52-week low of $1.30 and a 52-week high of $6.58.
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In other Pieris Pharmaceuticals news, insider Allan Reine bought 65,000 shares of the company’s stock in a transaction on Thursday, August 17th. The shares were bought at an average cost of $4.82 per share, with a total value of $313,300.00. Following the completion of the acquisition, the insider now owns 45,000 shares of the company’s stock, valued at $216,900. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James A. Geraghty bought 10,000 shares of the company’s stock in a transaction on Thursday, August 17th. The shares were acquired at an average cost of $4.82 per share, for a total transaction of $48,200.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $48,200. The disclosure for this purchase can be found here. 4.05% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the business. Renaissance Technologies LLC acquired a new stake in shares of Pieris Pharmaceuticals during the first quarter worth $661,000. Sphera Funds Management LTD. raised its holdings in shares of Pieris Pharmaceuticals by 10.0% during the second quarter. Sphera Funds Management LTD. now owns 1,100,000 shares of the biotechnology company’s stock worth $5,566,000 after purchasing an additional 100,000 shares during the period. Creative Planning raised its holdings in shares of Pieris Pharmaceuticals by 8.3% during the second quarter. Creative Planning now owns 65,000 shares of the biotechnology company’s stock worth $329,000 after purchasing an additional 5,000 shares during the period. State of Wisconsin Investment Board acquired a new stake in shares of Pieris Pharmaceuticals during the second quarter worth $132,000. Finally, Rhumbline Advisers acquired a new stake in shares of Pieris Pharmaceuticals during the second quarter worth $184,000. 50.50% of the stock is currently owned by institutional investors.
About Pieris Pharmaceuticals
Pieris Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company’s pipeline includes immuno-oncology multi-specifics tailored for the tumor micro-environment, an inhaled Anticalin to treat uncontrolled asthma and a half-life-optimized Anticalin to treat anemia. Its Anticalins proteins are a class of low molecular-weight therapeutic proteins derived from lipocalins, which are naturally occurring low-molecular weight human proteins typically found in blood plasma and other bodily fluids.
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