Pfenex (NYSEAMERICAN:PFNX) Posts Earnings Results, Meets Expectations

Pfenex (NYSEAMERICAN:PFNX) issued its quarterly earnings data on Thursday. The biotechnology company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09, Fidelity Earnings reports. The company had revenue of $15.25 million for the quarter, compared to analyst estimates of $14.80 million.

Shares of PFNX traded up $0.51 during midday trading on Friday, reaching $10.68. The stock had a trading volume of 573,902 shares, compared to its average volume of 209,372. Pfenex has a one year low of $3.13 and a one year high of $11.39.

In other news, insider Patrick K. Lucy sold 6,000 shares of Pfenex stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $10.01, for a total value of $60,060.00.

A number of brokerages recently commented on PFNX. William Blair restated a “buy” rating on shares of Pfenex in a report on Friday, October 11th. Cantor Fitzgerald began coverage on shares of Pfenex in a report on Thursday, October 24th. They set an “overweight” rating and a $20.00 price objective on the stock. Zacks Investment Research lowered shares of Pfenex from a “buy” rating to a “hold” rating in a report on Thursday, October 10th. Finally, JMP Securities raised their price objective on shares of Pfenex from $13.00 to $17.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Pfenex has an average rating of “Buy” and an average target price of $14.92.

About Pfenex

Pfenex Inc, a clinical-stage development and licensing biotechnology company, focuses on developing protein therapies for unmet patient needs. Its lead product candidates include PF708, a therapeutic equivalent drug candidate to Forteo (teriparatide) for the treatment of osteoporosis; and novel anthrax vaccine candidates, such as Px563L and RPA563 that have completed Phase Ia clinical study.

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Earnings History for Pfenex (NYSEAMERICAN:PFNX)

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