Protagonist Therapeutics (NASDAQ:PTGX) posted its quarterly earnings results on Tuesday. The company reported ($0.57) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.42) by ($0.15), Morningstar.com reports. Protagonist Therapeutics had a negative return on equity of 33.73% and a negative net margin of 125.87%. The firm had revenue of $2.35 million for the quarter, compared to analysts’ expectations of $5.45 million.
Shares of NASDAQ PTGX opened at $9.43 on Thursday. The stock has a market cap of $231.46 million, a PE ratio of -5.42 and a beta of 2.05. Protagonist Therapeutics has a 52 week low of $5.49 and a 52 week high of $21.26.
In other Protagonist Therapeutics news, CEO Dinesh V. Ph D. Patel sold 10,909 shares of the firm’s stock in a transaction that occurred on Wednesday, February 6th. The stock was sold at an average price of $7.74, for a total value of $84,435.66. Following the sale, the chief executive officer now owns 367,396 shares of the company’s stock, valued at approximately $2,843,645.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David Y. Liu sold 3,821 shares of the firm’s stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $7.74, for a total value of $29,574.54. Following the completion of the sale, the insider now directly owns 37,007 shares in the company, valued at approximately $286,434.18. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,570 shares of company stock worth $136,815. 13.80% of the stock is currently owned by insiders.
A number of research analysts have recently commented on PTGX shares. Zacks Investment Research raised Protagonist Therapeutics from a “sell” rating to a “hold” rating in a report on Wednesday, December 5th. Nomura started coverage on Protagonist Therapeutics in a report on Thursday, December 6th. They set a “buy” rating and a $13.00 price objective on the stock. ValuEngine lowered Protagonist Therapeutics from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, BMO Capital Markets started coverage on Protagonist Therapeutics in a report on Friday, February 22nd. They set an “outperform” rating and a $17.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.45.
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About Protagonist Therapeutics
Protagonist Therapeutics, Inc, a clinical-stage biopharmaceutical company, focuses on discovering and developing peptide-based drugs to address various unmet medical needs. The company's lead product candidates include PTG-100, an oral alpha-4-beta-7 integrin- antagonist that is in Phase II b clinical trial for the treatment of ulcerative colitis, as well as for treating chronic pouchitis, a gastrointestinal (GI) condition that occurs in post-surgical inflammatory bowel disease (IBD) patients; PTG-200, an oral interleukin-23 receptor antagonist, which is in Phase I clinical trial for the treatment of IBD; and PTG-300, an injectable hepcidin mimetic, which has completed Phase I study for use in the treatment of beta-thalassemia, as well as for treating other diseases, such as hereditary hemochromatosis, polycythemia vera, siderophilic infections, and liver fibrosis.
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