PMV Pharmaceuticals (NASDAQ:PMVP - Get Free Report)'s stock had its "buy" rating reissued by analysts at HC Wainwright in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $5.00 price target on the stock. HC Wainwright's price objective would suggest a potential upside of 303.23% from the stock's current price.
PMV Pharmaceuticals Price Performance
Shares of NASDAQ PMVP traded down $0.03 during mid-day trading on Thursday, hitting $1.24. The company had a trading volume of 223,423 shares, compared to its average volume of 285,723. PMV Pharmaceuticals has a 12 month low of $1.20 and a 12 month high of $2.26. The firm has a market cap of $64.40 million, a P/E ratio of -1.24 and a beta of 1.45. The business's 50-day simple moving average is $1.36 and its 200-day simple moving average is $1.49.
PMV Pharmaceuticals (NASDAQ:PMVP - Get Free Report) last posted its quarterly earnings results on Monday, March 3rd. The company reported ($0.45) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.08). As a group, sell-side analysts predict that PMV Pharmaceuticals will post -1.06 EPS for the current year.
Institutional Investors Weigh In On PMV Pharmaceuticals
A number of institutional investors have recently bought and sold shares of PMVP. JPMorgan Chase & Co. lifted its holdings in shares of PMV Pharmaceuticals by 2,282.8% during the 4th quarter. JPMorgan Chase & Co. now owns 24,591 shares of the company's stock worth $37,000 after acquiring an additional 23,559 shares during the period. Virtu Financial LLC bought a new stake in PMV Pharmaceuticals in the third quarter valued at about $42,000. Velan Capital Investment Management LP acquired a new position in PMV Pharmaceuticals in the fourth quarter worth about $53,000. Squarepoint Ops LLC lifted its stake in PMV Pharmaceuticals by 68.7% during the fourth quarter. Squarepoint Ops LLC now owns 73,015 shares of the company's stock worth $110,000 after purchasing an additional 29,722 shares during the period. Finally, Northern Trust Corp boosted its holdings in PMV Pharmaceuticals by 23.2% during the fourth quarter. Northern Trust Corp now owns 107,340 shares of the company's stock valued at $162,000 after purchasing an additional 20,190 shares in the last quarter. Institutional investors and hedge funds own 90.20% of the company's stock.
About PMV Pharmaceuticals
(
Get Free Report)
PMV Pharmaceuticals, Inc, a precision oncology company, engages in the discovery and development of small molecule and tumor-agnostic therapies for p53 mutations in cancer. It's lead product candidate is PC14586, a small molecule that corrects mutant p53 protein containing the Y220C mutation and restores wild-type p53 function.
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