Brokerages Expect Pieris Pharmaceuticals, Inc. (PIRS) to Post ($0.13) Earnings Per Share

Pieris Pharmaceuticals, Inc. (NASDAQ:PIRS) has been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Analysts have set a 1-year consensus price objective of $8.50 for the company and are expecting that the company will post ($0.13) EPS for the current quarter, according to Zacks. Zacks has also assigned Pieris Pharmaceuticals an industry rank of 147 out of 265 based on the ratings given to its competitors.

Shares of Pieris Pharmaceuticals (NASDAQ:PIRS) opened at 2.15 on Friday. The company’s 50 day moving average price is $1.89 and its 200 day moving average price is $1.67. Pieris Pharmaceuticals has a 12 month low of $1.30 and a 12 month high of $2.48. The stock’s market capitalization is $92.57 million.

Hedge funds have recently bought and sold shares of the company. Sabby Management LLC boosted its stake in Pieris Pharmaceuticals by 823.4% in the second quarter. Sabby Management LLC now owns 1,615,992 shares of the company’s stock worth $2,602,000 after buying an additional 1,440,992 shares during the last quarter. Lombard Odier Asset Management USA Corp boosted its stake in Pieris Pharmaceuticals by 20.3% in the second quarter. Lombard Odier Asset Management USA Corp now owns 3,166,915 shares of the company’s stock worth $5,099,000 after buying an additional 533,965 shares during the last quarter. Finally, BVF Inc. IL boosted its stake in Pieris Pharmaceuticals by 321.2% in the third quarter. BVF Inc. IL now owns 1,016,593 shares of the company’s stock worth $1,858,000 after buying an additional 775,241 shares during the last quarter. 47.58% 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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