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Pharvaris (NASDAQ:PHVS) Sees Strong Trading Volume - What's Next?

Pharvaris logo with Medical background
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Pharvaris (NASDAQ:PHVS - Get Free Report) shares saw an uptick in trading volume on Wednesday . 71,000 shares were traded during trading, an increase of 59% from the previous session's volume of 44,547 shares.The stock last traded at $15.00 and had previously closed at $14.83.

Analyst Ratings Changes

Separately, JMP Securities raised their price target on shares of Pharvaris from $46.00 to $55.00 and gave the company a "market outperform" rating in a report on Friday, January 31st.

Check Out Our Latest Report on PHVS

Pharvaris Stock Performance

The company has a 50 day moving average price of $16.31 and a 200 day moving average price of $18.72. The company has a market capitalization of $746.70 million, a PE ratio of -5.10 and a beta of -2.84.

Institutional Investors Weigh In On Pharvaris

Hedge funds and other institutional investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Pharvaris in the 3rd quarter worth approximately $906,000. State Street Corp acquired a new position in Pharvaris in the third quarter valued at approximately $1,000,000. Jane Street Group LLC bought a new position in shares of Pharvaris during the third quarter valued at approximately $526,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Pharvaris during the 3rd quarter worth approximately $57,000. Finally, Barclays PLC bought a new stake in shares of Pharvaris in the 3rd quarter worth approximately $106,000.

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About Pharvaris

(Get Free Report)

Pharvaris N.V., a clinical-stage biopharmaceutical company, focuses on the development and commercialization of therapies for rare diseases. The company develops PHA121, a small molecule bradykinin B2-receptor antagonist for the treatment of hereditary angioedema (HAE). It also develops PHVS416, an on-demand, rapid exposure soft capsule for patients suffering from acute HAE attacks which is under Phase 2 clinical trial; and PHVS719, a prophylactic extended-release tablet for HAE patients which is under Phase 1 clinical trial.

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