Pharvaris (NASDAQ:PHVS – Get Free Report) posted its quarterly earnings results on Monday. The company reported ($0.68) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.74) by $0.06, Zacks reports.
Pharvaris Trading Down 2.3 %
Shares of PHVS stock opened at $14.28 on Monday. Pharvaris has a twelve month low of $13.45 and a twelve month high of $25.50. The company’s 50-day moving average price is $16.31 and its 200-day moving average price is $18.70. The stock has a market cap of $746.70 million, a price-to-earnings ratio of -5.10 and a beta of -2.84.
Analyst Upgrades and Downgrades
Separately, JMP Securities raised their target price on shares of Pharvaris from $46.00 to $55.00 and gave the stock a “market outperform” rating in a research note on Friday, January 31st.
Pharvaris Company Profile
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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