SummitTX Capital L.P. Acquires 152,049 Shares of Eupraxia Pharmaceuticals Inc. $EPRX

SummitTX Capital L.P. lifted its holdings in shares of Eupraxia Pharmaceuticals Inc. (NASDAQ:EPRXFree Report) by 86.4% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 327,997 shares of the company’s stock after buying an additional 152,049 shares during the period. SummitTX Capital L.P.’s holdings in Eupraxia Pharmaceuticals were worth $2,375,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Affinity Asset Advisors LLC boosted its stake in Eupraxia Pharmaceuticals by 429.7% in the first quarter. Affinity Asset Advisors LLC now owns 1,589,005 shares of the company’s stock valued at $11,504,000 after buying an additional 1,289,005 shares in the last quarter. Vivo Capital LLC bought a new position in Eupraxia Pharmaceuticals in the third quarter valued at about $7,965,000. Ikarian Capital LLC acquired a new position in Eupraxia Pharmaceuticals during the fourth quarter worth about $4,606,000. Squadron Capital Management LLC acquired a new position in Eupraxia Pharmaceuticals during the fourth quarter worth about $3,775,000. Finally, Velan Capital Investment Management LP bought a new position in shares of Eupraxia Pharmaceuticals in the third quarter worth about $2,077,000.

Eupraxia Pharmaceuticals Price Performance

Eupraxia Pharmaceuticals stock opened at $6.10 on Wednesday. The stock has a 50-day moving average price of $6.50 and a two-hundred day moving average price of $7.33. Eupraxia Pharmaceuticals Inc. has a 12 month low of $5.04 and a 12 month high of $9.32. The company has a market capitalization of $396.62 million, a PE ratio of -5.81 and a beta of 1.05. The company has a current ratio of 19.31, a quick ratio of 19.31 and a debt-to-equity ratio of 0.02.

Eupraxia Pharmaceuticals (NASDAQ:EPRXGet Free Report) last released its quarterly earnings results on Tuesday, May 12th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.01). Analysts expect that Eupraxia Pharmaceuticals Inc. will post -0.88 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EPRX. Weiss Ratings restated a “sell (d-)” rating on shares of Eupraxia Pharmaceuticals in a research note on Friday, July 17th. Zacks Research upgraded shares of Eupraxia Pharmaceuticals from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 7th. Wall Street Zen downgraded shares of Eupraxia Pharmaceuticals from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. HC Wainwright restated a “buy” rating and issued a $11.00 target price on shares of Eupraxia Pharmaceuticals in a research report on Monday, May 4th. Finally, Stifel Nicolaus started coverage on shares of Eupraxia Pharmaceuticals in a research note on Thursday, May 21st. They set a “buy” rating and a $25.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Eupraxia Pharmaceuticals presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Check Out Our Latest Analysis on Eupraxia Pharmaceuticals

About Eupraxia Pharmaceuticals

(Free Report)

Eupraxia Pharmaceuticals, Inc (NASDAQ: EPRX) is a clinical-stage biotechnology company dedicated to the discovery and development of novel therapies for autoimmune and inflammatory diseases. The company’s core strategy centers on selectively expanding regulatory T cells (Tregs)—immune cells responsible for maintaining self-tolerance and limiting pathological inflammation—through its proprietary platform. Its lead therapeutic candidate is currently in Phase 1 clinical development in patients with systemic lupus erythematosus.

Based in Seattle, Washington, Eupraxia Pharmaceuticals conducts research and development activities across North America, collaborating with academic institutions and contract research organizations to advance its pipeline.

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Institutional Ownership by Quarter for Eupraxia Pharmaceuticals (NASDAQ:EPRX)

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