Bellerophon Therapeutics (BLPH) Releases Quarterly Earnings Results, Beats Estimates By $0.30 EPS

Bellerophon Therapeutics (NASDAQ:BLPH) posted its quarterly earnings results on Wednesday. The biotechnology company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.30, MarketWatch Earnings reports.

Shares of BLPH traded up $0.13 during trading hours on Thursday, hitting $1.10. The company had a trading volume of 943,924 shares, compared to its average volume of 469,052. The firm has a market cap of $51.74 million, a PE ratio of -1.22 and a beta of -0.21. Bellerophon Therapeutics has a 52-week low of $0.47 and a 52-week high of $3.30.

BLPH has been the subject of several recent analyst reports. Zacks Investment Research lowered Bellerophon Therapeutics from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. HC Wainwright reaffirmed a “buy” rating and issued a $5.00 price target on shares of Bellerophon Therapeutics in a research report on Thursday, August 2nd.

In other Bellerophon Therapeutics news, major shareholder Associates Iv L. P. Venrock acquired 160,000 shares of Bellerophon Therapeutics stock in a transaction that occurred on Friday, September 7th. The stock was bought at an average cost of $0.86 per share, for a total transaction of $137,600.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Associates Iv L. P. Venrock acquired 210,000 shares of Bellerophon Therapeutics stock in a transaction that occurred on Monday, September 17th. The stock was acquired at an average price of $1.20 per share, with a total value of $252,000.00. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 1,699,370 shares of company stock valued at $1,672,941. 57.80% of the stock is owned by insiders.

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Bellerophon Therapeutics Company Profile

Bellerophon Therapeutics, Inc, a clinical-stage therapeutics company, focuses on the development of products at the intersection of drugs and devices for the treatment of cardiopulmonary diseases. The company offers INOpulse, a pulsatile nitric oxide delivery device, which is in Phase III clinical trials for the treatment of pulmonary arterial hypertension; and has completed Phase II clinical trials to treat pulmonary hypertension associated with chronic obstructive pulmonary diseases and pulmonary hypertension associated with idiopathic pulmonary fibrosis.

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Earnings History for Bellerophon Therapeutics (NASDAQ:BLPH)

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