Pieris Pharmaceuticals Inc (NASDAQ:PIRS) fell 6% during trading on Monday . The company traded as low as $3.12 and last traded at $3.27. 529,642 shares were traded during mid-day trading, a decline of 14% from the average session volume of 615,792 shares. The stock had previously closed at $3.48.
A number of research firms have commented on PIRS. ValuEngine cut Pieris Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Saturday, November 10th. BidaskClub cut Pieris Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Thursday, October 4th. Cowen reiterated a “buy” rating on shares of Pieris Pharmaceuticals in a research note on Sunday, November 11th. Finally, HC Wainwright set a $12.00 price target on Pieris Pharmaceuticals and gave the company a “buy” rating in a research note on Thursday, August 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $10.00.
The company has a market capitalization of $188.44 million, a PE ratio of -8.18 and a beta of 1.94.
In other news, Director Christopher P. Kiritsy acquired 5,000 shares of Pieris Pharmaceuticals stock in a transaction dated Friday, September 14th. The stock was purchased at an average cost of $5.11 per share, for a total transaction of $25,550.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at approximately $51,100. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 5.07% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio acquired a new stake in Pieris Pharmaceuticals during the second quarter worth about $110,000. Marshall Wace LLP acquired a new stake in Pieris Pharmaceuticals during the second quarter worth about $118,000. Fox Run Management L.L.C. acquired a new stake in Pieris Pharmaceuticals during the second quarter worth about $124,000. Bowling Portfolio Management LLC acquired a new stake in Pieris Pharmaceuticals during the second quarter worth about $156,000. Finally, California Public Employees Retirement System acquired a new stake in Pieris Pharmaceuticals during the second quarter worth about $179,000. 64.85% of the stock is currently owned by hedge funds and other institutional investors.
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About Pieris Pharmaceuticals (NASDAQ:PIRS)
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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