Prothena (NASDAQ:PRTA) had its price target lowered by Barclays from $70.00 to $50.00 in a report issued on Thursday. The brokerage presently has an “overweight” rating on the biotechnology company’s stock. Barclays’ target price would indicate a potential upside of 26.55% from the stock’s previous close.
A number of other equities research analysts have also recently commented on the stock. ValuEngine raised shares of Prothena from a “sell” rating to a “hold” rating in a report on Wednesday. BidaskClub raised shares of Prothena from a “sell” rating to a “hold” rating in a report on Friday, March 23rd. Deutsche Bank reaffirmed a “buy” rating on shares of Prothena in a report on Wednesday, March 21st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $69.00 target price on shares of Prothena in a report on Wednesday, March 21st. Finally, Oppenheimer set a $70.00 target price on shares of Prothena and gave the company a “buy” rating in a report on Wednesday, March 21st. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $72.83.
Shares of NASDAQ:PRTA opened at $39.51 on Thursday. Prothena has a one year low of $27.19 and a one year high of $70.00. The stock has a market capitalization of $1,704.93, a PE ratio of -9.71 and a beta of 2.70.
Prothena (NASDAQ:PRTA) last announced its earnings results on Wednesday, February 14th. The biotechnology company reported ($1.24) EPS for the quarter, beating analysts’ consensus estimates of ($1.48) by $0.24. Prothena had a negative net margin of 556.84% and a negative return on equity of 33.37%. The business had revenue of $0.23 million during the quarter, compared to analysts’ expectations of $0.27 million. During the same period in the prior year, the company earned ($1.41) earnings per share. The business’s revenue was up 33.9% compared to the same quarter last year. sell-side analysts anticipate that Prothena will post -5.34 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fieldpoint Private Securities LLC purchased a new position in Prothena during the third quarter worth about $162,000. First Trust Advisors LP purchased a new position in Prothena during the third quarter worth about $212,000. HBK Investments L P purchased a new position in Prothena during the fourth quarter worth about $213,000. Jefferies Group LLC purchased a new position in Prothena during the fourth quarter worth about $292,000. Finally, Capital Fund Management S.A. purchased a new position in Prothena during the fourth quarter worth about $330,000.
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Prothena Corporation plc, a late-stage clinical biotechnology company, focuses on the discovery, development, and commercialization of novel immunotherapies for the treatment of diseases in the neuroscience and orphan categories. The company is developing antibody-based product candidates that include NEOD001, a monoclonal antibody that is in Phase III and Phase IIb clinical trials for the treatment of AL amyloidosis; PRX002/RG7935 that is in Phase II clinical trial for treating Parkinson's disease and other related synucleinopathies; and PRX004, a monoclonal antibody that is under preclinical development for the treatment of ATTR Amyloidosis.
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