Analysts Set ProQR Therapeutics N.V. (NASDAQ:PRQR) Target Price at $16.38

Shares of ProQR Therapeutics N.V. (NASDAQ:PRQR) have been assigned a consensus recommendation of “Buy” from the six research firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $16.38.

Several equities research analysts have recently weighed in on PRQR shares. Zacks Investment Research downgraded shares of ProQR Therapeutics N.V. from a “hold” rating to a “sell” rating in a research report on Wednesday, April 19th. HC Wainwright reaffirmed a “buy” rating and issued a $40.00 price target on shares of ProQR Therapeutics N.V. in a report on Tuesday, June 20th.

ProQR Therapeutics N.V. (NASDAQ PRQR) traded down 1.06% during trading on Friday, reaching $4.65. 3,568 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $5.15 and a 200 day moving average price of $4.78. ProQR Therapeutics N.V. has a 1-year low of $3.65 and a 1-year high of $8.70. The stock’s market capitalization is $110.97 million.

ProQR Therapeutics N.V. (NASDAQ:PRQR) last released its earnings results on Wednesday, May 17th. The biopharmaceutical company reported ($0.48) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.50) by $0.02. Equities research analysts expect that ProQR Therapeutics N.V. will post ($2.18) earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Hikari Power Ltd acquired a new position in ProQR Therapeutics N.V. during the first quarter valued at approximately $121,000. Sphera Funds Management LTD. raised its position in ProQR Therapeutics N.V. by 65.0% in the first quarter. Sphera Funds Management LTD. now owns 330,000 shares of the biopharmaceutical company’s stock valued at $1,650,000 after buying an additional 130,000 shares during the period. Finally, Artal Group S.A. raised its position in ProQR Therapeutics N.V. by 25.0% in the second quarter. Artal Group S.A. now owns 500,000 shares of the biopharmaceutical company’s stock valued at $2,600,000 after buying an additional 100,000 shares during the period. 36.15% of the stock is owned by institutional investors and hedge funds.

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About ProQR Therapeutics N.V.

ProQR Therapeutics N.V. (ProQR), formerly ProQR Therapeutics B.V., is a pre-clinical stage biopharmaceutical company. The Company is engaged in the discovery and development of ribonucleic Acid (RNA)-based therapeutics for the treatment of severe genetic disorders. Utilizing its RNA repair technologies, the Company is developing a pipeline in severe genetic disorders, such as cystic fibrosis (CF) and Leber’s congenital amaurosis (LCA).

Analyst Recommendations for ProQR Therapeutics N.V. (NASDAQ:PRQR)

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