Apellis Pharmaceuticals (APLS) Downgraded to “Neutral” at B. Riley

B. Riley lowered shares of Apellis Pharmaceuticals (NASDAQ:APLS) from a buy rating to a neutral rating in a research note released on Thursday, Marketbeat.com reports. They currently have $27.00 price objective on the stock.

Several other brokerages have also recently issued reports on APLS. JPMorgan Chase boosted their price target on Apellis Pharmaceuticals from $31.00 to $35.00 and gave the company an overweight rating in a research note on Friday, March 23rd. Zacks Investment Research downgraded shares of Apellis Pharmaceuticals from a buy rating to a hold rating in a research report on Wednesday, March 28th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $27.50.

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Shares of APLS stock traded up $0.10 during trading on Thursday, hitting $26.69. The company had a trading volume of 30,566 shares, compared to its average volume of 116,403. The company has a current ratio of 27.79, a quick ratio of 27.79 and a debt-to-equity ratio of 0.18. The stock has a market cap of $1,373.67 and a P/E ratio of -7.25. Apellis Pharmaceuticals has a one year low of $12.45 and a one year high of $29.34.

Apellis Pharmaceuticals (NASDAQ:APLS) last issued its quarterly earnings results on Monday, March 19th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.33). analysts forecast that Apellis Pharmaceuticals will post -1.16 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in APLS. American International Group Inc. acquired a new position in Apellis Pharmaceuticals during the fourth quarter valued at approximately $158,000. The Manufacturers Life Insurance Company acquired a new position in shares of Apellis Pharmaceuticals during the fourth quarter worth $186,000. Teachers Advisors LLC acquired a new position in shares of Apellis Pharmaceuticals during the fourth quarter worth $270,000. Quantitative Systematic Strategies LLC acquired a new position in shares of Apellis Pharmaceuticals during the fourth quarter worth $317,000. Finally, TIAA CREF Investment Management LLC acquired a new position in shares of Apellis Pharmaceuticals during the fourth quarter worth $343,000. Institutional investors and hedge funds own 31.26% of the company’s stock.

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Apellis Pharmaceuticals Company Profile

Apellis Pharmaceuticals, Inc, a clinical-stage biopharmaceutical company, focuses on the development of novel therapeutic compounds for autoimmune and inflammatory diseases. Its lead product candidate is APL-2 to treat geographic atrophy, wet age-related macular degeneration, paroxysmal nocturnal hemoglobinuria, autoimmune hemolytic anemia, and nephrology.

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