Aridis Pharmaceuticals (ARDS) Announces Earnings Results, Misses Estimates By $0.12 EPS

Aridis Pharmaceuticals (NASDAQ:ARDS) announced its quarterly earnings results on Tuesday. The company reported ($0.99) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.87) by ($0.12), Fidelity Earnings reports. The company had revenue of $1.02 million for the quarter.

Shares of NASDAQ:ARDS opened at $9.76 on Wednesday. Aridis Pharmaceuticals has a 12-month low of $7.59 and a 12-month high of $13.85. The company has a market cap of $77.59 million and a price-to-earnings ratio of -1.39.

ARDS has been the topic of a number of research reports. Northland Securities reiterated a “buy” rating and issued a $40.00 price target on shares of Aridis Pharmaceuticals in a research note on Wednesday, April 17th. Zacks Investment Research upgraded shares of Aridis Pharmaceuticals from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Tuesday, April 2nd. Finally, Maxim Group restated a “buy” rating and set a $25.00 target price on shares of Aridis Pharmaceuticals in a research report on Monday, April 1st. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $27.50.

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About Aridis Pharmaceuticals

Aridis Pharmaceuticals Inc, a late-stage biopharmaceutical company, focuses on the discovery and development of targeted immunotherapy using fully human monoclonal antibodies (mAb) to treat life-threatening infections. Its lead product candidate is AR-301, a fully human mAb of immunoglobulin 1 (IgG1) that is in Phase III pivotal trials for the treatment of lung infections resulting from S.

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