Shares of ProQR Therapeutics N.V. (NASDAQ:PRQR – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $7.3333.
Several equities research analysts have issued reports on PRQR shares. Wall Street Zen downgraded ProQR Therapeutics from a “hold” rating to a “strong sell” rating in a report on Saturday, May 16th. Citigroup reiterated a “market outperform” rating on shares of ProQR Therapeutics in a report on Wednesday, May 27th. JonesTrading dropped their price objective on shares of ProQR Therapeutics from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, June 26th. Weiss Ratings cut shares of ProQR Therapeutics from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 23rd. Finally, Chardan Capital reduced their target price on shares of ProQR Therapeutics from $4.00 to $3.00 and set a “buy” rating for the company in a report on Friday, June 26th.
Get Our Latest Report on ProQR Therapeutics
Insider Activity
Institutional Trading of ProQR Therapeutics
Several hedge funds have recently added to or reduced their stakes in PRQR. Axiom Investment Management LLC acquired a new stake in ProQR Therapeutics during the 1st quarter worth approximately $53,000. Bank of America Corp DE grew its holdings in ProQR Therapeutics by 6.4% in the 1st quarter. Bank of America Corp DE now owns 185,110 shares of the biopharmaceutical company’s stock valued at $300,000 after buying an additional 11,186 shares in the last quarter. Walleye Capital LLC grew its holdings in ProQR Therapeutics by 2.7% in the 1st quarter. Walleye Capital LLC now owns 607,529 shares of the biopharmaceutical company’s stock valued at $984,000 after buying an additional 15,744 shares in the last quarter. Invesco Ltd. bought a new position in ProQR Therapeutics during the 4th quarter worth $51,000. Finally, XTX Topco Ltd increased its position in ProQR Therapeutics by 1,057.4% during the 4th quarter. XTX Topco Ltd now owns 117,900 shares of the biopharmaceutical company’s stock worth $238,000 after buying an additional 107,713 shares during the period. 32.65% of the stock is owned by institutional investors and hedge funds.
ProQR Therapeutics Stock Down 3.6%
PRQR opened at $1.90 on Tuesday. ProQR Therapeutics has a 12-month low of $1.33 and a 12-month high of $3.10. The stock has a market cap of $200.18 million, a price-to-earnings ratio of -3.80 and a beta of 0.07. The business has a 50 day moving average of $1.69 and a 200-day moving average of $1.65.
ProQR Therapeutics (NASDAQ:PRQR – Get Free Report) last posted its earnings results on Tuesday, May 12th. The biopharmaceutical company reported ($0.15) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.15). ProQR Therapeutics had a negative return on equity of 84.87% and a negative net margin of 331.33%.The business had revenue of $2.35 million for the quarter, compared to analyst estimates of $5.19 million. As a group, analysts expect that ProQR Therapeutics will post -0.52 earnings per share for the current year.
ProQR Therapeutics Company Profile
ProQR Therapeutics N.V. is a clinical-stage biotechnology company dedicated to developing RNA-based therapies for severe genetic diseases. Utilizing its proprietary Axiomer® RNA editing platform, ProQR aims to correct disease-causing mutations directly at the messenger RNA level. The company’s pipeline features several investigational candidates, including sepofarsen (formerly QR-110) for Leber congenital amaurosis type 10, QR-421a targeting Usher syndrome and certain forms of retinitis pigmentosa, and QR-313 for dystrophic epidermolysis bullosa.
Founded in 2012 and headquartered in Leiden, the Netherlands, ProQR maintains a significant presence in Cambridge, Massachusetts, to support its clinical research and regulatory initiatives.
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