Five Prime Therapeutics, Inc. (NASDAQ:FPRX) – Jefferies Group reduced their Q3 2017 earnings per share (EPS) estimates for Five Prime Therapeutics in a report released on Wednesday. Jefferies Group analyst E. Yang now anticipates that the biotechnology company will post earnings of ($1.50) per share for the quarter, down from their previous forecast of ($1.22). Jefferies Group currently has a “Buy” rating and a $52.00 price target on the stock. Jefferies Group also issued estimates for Five Prime Therapeutics’ Q4 2017 earnings at ($1.54) EPS, FY2017 earnings at ($5.78) EPS, FY2018 earnings at ($6.41) EPS, FY2019 earnings at ($5.46) EPS, FY2020 earnings at ($4.66) EPS and FY2021 earnings at ($2.24) EPS.
Several other research firms also recently weighed in on FPRX. Zacks Investment Research upgraded Five Prime Therapeutics from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Wednesday, April 26th. ValuEngine upgraded Five Prime Therapeutics from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Finally, BidaskClub downgraded Five Prime Therapeutics from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $60.80.
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Shares of Five Prime Therapeutics (NASDAQ FPRX) opened at 27.83 on Friday. The stock has a 50 day moving average of $29.46 and a 200-day moving average of $34.75. The stock’s market cap is $778.82 million. Five Prime Therapeutics has a 52 week low of $25.97 and a 52 week high of $60.98.
Five Prime Therapeutics (NASDAQ:FPRX) last released its quarterly earnings results on Tuesday, August 8th. The biotechnology company reported ($1.58) EPS for the quarter, missing the Zacks’ consensus estimate of ($1.15) by $0.43. Five Prime Therapeutics had a negative return on equity of 31.78% and a negative net margin of 356.39%. The company had revenue of $7.80 million during the quarter, compared to analysts’ expectations of $8.32 million. During the same period in the prior year, the firm earned ($0.49) EPS. Five Prime Therapeutics’s quarterly revenue was down 16.1% on a year-over-year basis.
A number of institutional investors have recently made changes to their positions in FPRX. Creative Planning increased its position in shares of Five Prime Therapeutics by 0.8% in the second quarter. Creative Planning now owns 6,744 shares of the biotechnology company’s stock worth $203,000 after buying an additional 54 shares in the last quarter. Laurion Capital Management LP purchased a new position in shares of Five Prime Therapeutics during the first quarter worth approximately $210,000. Rockefeller Financial Services Inc. purchased a new position in shares of Five Prime Therapeutics during the second quarter worth approximately $210,000. BlueCrest Capital Management Ltd purchased a new position in shares of Five Prime Therapeutics during the first quarter worth approximately $254,000. Finally, Arxis Securities LLC purchased a new position in shares of Five Prime Therapeutics during the first quarter worth approximately $267,000. Institutional investors and hedge funds own 85.10% of the company’s stock.
Five Prime Therapeutics Company Profile
Five Prime Therapeutics, Inc is a clinical-stage biotechnology company focused on discovering and developing protein therapeutics. The Company’s product candidates include Cabiralizumab (FPA008), which is an antibody that inhibits colony stimulating factor-1 receptor, that it is studying in clinical trials as a monotherapy in pigmented villonodular synovitis, and in multiple cancers in combination with programmed-death 1 immune checkpoint inhibitor, Opdivo; FPA144, which is an antibody that inhibits fibroblast growth factor receptor 2b, that it is initially developing to treat patients with gastric (stomach) cancer and is in a Phase I clinical trial, and FP-1039, which is a fusion protein that traps and neutralizes cancer-promoting fibroblast growth factors, involved in cancer cell proliferation and new blood vessel formation and is in Phase Ib clinical development to treat patients with malignant pleural mesothelioma.
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