See feature article below: Progenics Pharmaceuticals, Inc. (NASDAQ:PGNX)
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Report For: Progenics Pharmaceuticals, Inc. (NASDAQ:PGNX)
PDUFA Date: 07/19/2016
Progenics Pharmaceuticals, Inc. (NASDAQ:PGNX)‘s stock had its “buy” rating reissued by equities researchers at Jefferies Group in a note issued to investors on Friday.
Progenics Pharmaceuticals (NASDAQ:PGNX) opened at 4.57 on Friday. Progenics Pharmaceuticals has a 1-year low of $3.61 and a 1-year high of $11.15. The stock’s market capitalization is $319.65 million. The company has a 50-day moving average price of $4.97 and a 200 day moving average price of $4.93.
Progenics Pharmaceuticals (NASDAQ:PGNX) last announced its quarterly earnings data on Thursday, May 5th. The company reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by $0.05. The company earned $2.50 million during the quarter, compared to analysts’ expectations of $3.27 million. The firm’s revenue was up 908.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.15) earnings per share. On average, equities analysts predict that Progenics Pharmaceuticals will post $0.12 EPS for the current year.
Other research analysts have also issued research reports about the company. Brean Capital reiterated a “buy” rating and issued a $14.00 target price on shares of Progenics Pharmaceuticals in a research report on Tuesday, March 15th. Zacks Investment Research cut Progenics Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Friday, May 6th. Needham & Company LLC restated a “buy” rating and set a $11.00 price objective on shares of Progenics Pharmaceuticals in a research note on Monday, April 4th. Finally, BTIG Research decreased their price objective on shares of Progenics Pharmaceuticals from $12.00 to $9.00 and set a “buy” rating for the company in a report on Tuesday, March 15th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $10.35.
A number of hedge funds and institutional investors recently modified their holdings of PGNX. BlackRock Fund Advisors increased its position in shares of Progenics Pharmaceuticals by 0.8% in the first quarter. BlackRock Fund Advisors now owns 2,725,796 shares of the company’s stock worth $11,884,000 after buying an additional 21,002 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Progenics Pharmaceuticals by 0.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,794,275 shares of the company’s stock worth $7,823,000 after buying an additional 7,853 shares during the last quarter. Numeric Investors LLC boosted its stake in Progenics Pharmaceuticals by 47.8% in the fourth quarter. Numeric Investors LLC now owns 897,170 shares of the company’s stock worth $5,500,000 after buying an additional 290,299 shares during the last quarter. Rice Hall James & Associates LLC boosted its stake in Progenics Pharmaceuticals by 85.0% in the fourth quarter. Rice Hall James & Associates LLC now owns 891,672 shares of the company’s stock worth $5,466,000 after buying an additional 409,618 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in Progenics Pharmaceuticals by 5.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 607,900 shares of the company’s stock worth $3,726,000 after buying an additional 29,200 shares during the last quarter.
Progenics Pharmaceuticals, Inc is engaged in developing medicines and other products for targeting and treating cancer. The Company’s products in development include therapeutic agents designed to target cancer and imaging agents, which focuses on enabling clinicians and patients to accurately visualize and manage their diseases.
Source – Web Breaking News
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