Equities research analysts expect that Proteostasis Therapeutics Inc (NASDAQ:PTI) will post ($0.58) earnings per share for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Proteostasis Therapeutics’ earnings, with estimates ranging from ($0.61) to ($0.55). Proteostasis Therapeutics posted earnings per share of ($0.87) in the same quarter last year, which would suggest a positive year-over-year growth rate of 33.3%. The company is scheduled to announce its next quarterly earnings report on Friday, May 12th.
On average, analysts expect that Proteostasis Therapeutics will report full year earnings of ($2.16) per share for the current fiscal year, with EPS estimates ranging from ($2.46) to ($1.77). For the next year, analysts expect that the firm will post earnings of ($2.19) per share, with EPS estimates ranging from ($2.53) to ($1.89). Zacks’ earnings per share averages are an average based on a survey of research firms that follow Proteostasis Therapeutics.
PTI has been the subject of several recent analyst reports. HC Wainwright reiterated a “buy” rating and issued a $15.00 target price on shares of Proteostasis Therapeutics in a research note on Tuesday, January 24th. Zacks Investment Research upgraded shares of Proteostasis Therapeutics from a “sell” rating to a “hold” rating in a research note on Tuesday, March 21st. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $13.00 target price on shares of Proteostasis Therapeutics in a research note on Sunday, April 2nd.
In related news, insider Fmr Llc sold 28,000 shares of the firm’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $14.60, for a total value of $408,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 257,300 shares of company stock valued at $3,451,694 over the last quarter. 29.50% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of the stock. NEA Management Company LLC increased its stake in shares of Proteostasis Therapeutics by 14.9% in the third quarter. NEA Management Company LLC now owns 3,556,778 shares of the company’s stock valued at $55,450,000 after buying an additional 461,538 shares during the period. Hillhouse Capital Management Ltd. bought a new stake in shares of Proteostasis Therapeutics during the third quarter valued at about $11,907,000. Rock Springs Capital Management LP increased its stake in shares of Proteostasis Therapeutics by 8.4% in the third quarter. Rock Springs Capital Management LP now owns 450,000 shares of the company’s stock valued at $7,016,000 after buying an additional 35,000 shares during the period. Marshall Wace LLP increased its stake in shares of Proteostasis Therapeutics by 32.2% in the fourth quarter. Marshall Wace LLP now owns 442,836 shares of the company’s stock valued at $5,429,000 after buying an additional 107,866 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Proteostasis Therapeutics by 174.7% in the third quarter. JPMorgan Chase & Co. now owns 172,650 shares of the company’s stock valued at $2,692,000 after buying an additional 109,800 shares during the period. Institutional investors and hedge funds own 67.71% of the company’s stock.
Shares of Proteostasis Therapeutics (NASDAQ:PTI) traded down 1.77% on Thursday, reaching $6.10. The company’s stock had a trading volume of 269,878 shares. The company has a 50 day moving average price of $10.25 and a 200 day moving average price of $11.95. Proteostasis Therapeutics has a 52-week low of $5.85 and a 52-week high of $20.63. The company’s market cap is $152.65 million.
Proteostasis Therapeutics Company Profile
Proteostasis Therapeutics, Inc is a biopharmaceutical company. The Company is engaged in discovery and development of therapeutics that treat diseases caused by an imbalance in the proteostasis network, a set of pathways that control protein biosynthesis, folding, trafficking and clearance. It has developed the Disease Relevant Translation (DRT) technology platform, a drug screening approach for identifying highly translatable therapeutics based on predictive and functionally pertinent phenotypic assays and disease relevant models.
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