Pieris Pharmaceuticals (PIRS) Announces Earnings Results
Pieris Pharmaceuticals (NASDAQ:PIRS) posted its earnings results on Thursday. The biotechnology company reported $0.00 EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.01), Zacks Earnings Dates reports. The firm had revenue of $11.69 million for the quarter, compared to analysts’ expectations of $13.46 million. Pieris Pharmaceuticals had a negative return on equity of 96.56% and a negative net margin of 65.40%.
Shares of NASDAQ:PIRS traded up $0.26 on Friday, hitting $5.68. The company had a trading volume of 778,350 shares, compared to its average volume of 517,590. Pieris Pharmaceuticals has a 52-week low of $4.41 and a 52-week high of $9.75. The company has a market capitalization of $286.14 million, a P/E ratio of -14.20 and a beta of 1.66.
PIRS has been the topic of several recent research reports. Cowen initiated coverage on Pieris Pharmaceuticals in a research report on Friday, May 4th. They issued an “outperform” rating on the stock. BidaskClub upgraded Pieris Pharmaceuticals from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 26th. HC Wainwright set a $12.00 price objective on Pieris Pharmaceuticals and gave the company a “buy” rating in a research report on Thursday, June 7th. Finally, ValuEngine upgraded Pieris Pharmaceuticals from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 2nd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $12.33.
About Pieris Pharmaceuticals
Pieris Pharmaceuticals, Inc, a clinical-stage biopharmaceutical company, discovers and develops anticalin-based drugs in the United States. It develops anticalin proteins that are low molecular-weight therapeutic proteins derived from lipocalins, which are naturally occurring low-molecular weight human proteins found in blood plasma and other bodily fluids.
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