Principia Biopharma (NASDAQ:PRNB) announced its earnings results on Tuesday. The company reported ($0.93) EPS for the quarter, missing the consensus estimate of ($0.85) by ($0.08), Fidelity Earnings reports. Principia Biopharma had a net margin of 11.88% and a negative return on equity of 11.71%.
PRNB stock traded down $0.29 during trading on Friday, reaching $31.61. 147,114 shares of the stock were exchanged, compared to its average volume of 143,279. The firm’s 50 day moving average is $31.10 and its 200 day moving average is $33.77. Principia Biopharma has a twelve month low of $22.03 and a twelve month high of $42.34. The firm has a market cap of $838.86 million, a P/E ratio of 55.46 and a beta of 1.12.
Several equities research analysts recently commented on the company. ValuEngine lowered Principia Biopharma from a “hold” rating to a “sell” rating in a research report on Friday, October 11th. Zacks Investment Research raised Principia Biopharma from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Thursday, October 24th. HC Wainwright set a $57.00 price target on Principia Biopharma and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $51.00 price target (up from $45.00) on shares of Principia Biopharma in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Principia Biopharma currently has a consensus rating of “Buy” and a consensus target price of $46.25.
Principia Biopharma Company Profile
Principia Biopharma Inc, a late-stage biopharmaceutical company, focuses on developing novel therapies for immunology and oncology. The company is developing PRN1008, an inhibitor that is in Phase III clinical trial for the treatment of pemphigus, a chronic skin disease, as well as in Phase II clinical trial to treat immune thrombocytopenic purpura.
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