Pieris Pharmaceuticals (PIRS) PT Set at $9.00 by HC Wainwright
Pieris Pharmaceuticals (NASDAQ:PIRS) received a $9.00 price objective from HC Wainwright in a research note issued to investors on Wednesday. The brokerage currently has a “buy” rating on the biotechnology company’s stock. HC Wainwright’s price target would indicate a potential upside of 43.77% from the stock’s previous close.
Separately, ValuEngine cut shares of Pieris Pharmaceuticals from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $9.00.
Pieris Pharmaceuticals (NASDAQ PIRS) opened at $6.26 on Wednesday. Pieris Pharmaceuticals has a 1 year low of $1.38 and a 1 year high of $6.65.
In other Pieris Pharmaceuticals news, major shareholder Orbimed Advisors Llc sold 147,635 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $5.70, for a total value of $841,519.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.05% of the company’s stock.
A number of hedge funds have recently modified their holdings of PIRS. Voya Investment Management LLC purchased a new position in Pieris Pharmaceuticals in the 2nd quarter valued at approximately $100,000. Wells Fargo & Company MN acquired a new stake in shares of Pieris Pharmaceuticals in the 3rd quarter valued at $105,000. State of Wisconsin Investment Board acquired a new stake in shares of Pieris Pharmaceuticals in the 2nd quarter valued at $132,000. The Manufacturers Life Insurance Company raised its holdings in shares of Pieris Pharmaceuticals by 1,106.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 31,785 shares of the biotechnology company’s stock valued at $161,000 after purchasing an additional 29,150 shares in the last quarter. Finally, Rhumbline Advisers acquired a new stake in shares of Pieris Pharmaceuticals in the 2nd quarter valued at $184,000. 50.45% of the stock is owned by institutional investors.
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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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