Paratek Pharmaceuticals (NASDAQ:PRTK) announced its earnings results on Tuesday. The specialty pharmaceutical company reported ($1.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.85) by ($0.16), Fidelity Earnings reports. The business had revenue of $0.05 million during the quarter, compared to the consensus estimate of $5.89 million. Paratek Pharmaceuticals had a negative net margin of 1,961.41% and a negative return on equity of 106.39%.
PRTK stock traded up $0.75 during midday trading on Wednesday, reaching $7.73. The company had a trading volume of 1,835,400 shares, compared to its average volume of 649,092. The company has a market cap of $237.65 million, a PE ratio of -2.34 and a beta of 0.74. Paratek Pharmaceuticals has a 1-year low of $6.27 and a 1-year high of $22.45. The company has a quick ratio of 7.88, a current ratio of 7.88 and a debt-to-equity ratio of 2.37.
In related news, Chairman Michael Bigham sold 16,313 shares of the business’s stock in a transaction dated Wednesday, October 3rd. The stock was sold at an average price of $9.82, for a total value of $160,193.66. Following the completion of the transaction, the chairman now owns 213,480 shares of the company’s stock, valued at $2,096,373.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Evan Loh sold 5,200 shares of the business’s stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $8.96, for a total value of $46,592.00. Following the completion of the transaction, the chief operating officer now directly owns 294,425 shares of the company’s stock, valued at approximately $2,638,048. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,446 shares of company stock valued at $559,369. 6.20% of the stock is owned by insiders.
A number of equities research analysts have recently issued reports on PRTK shares. Guggenheim set a $26.00 target price on shares of Paratek Pharmaceuticals and gave the company a “buy” rating in a research report on Wednesday, October 3rd. Wedbush set a $20.00 target price on shares of Paratek Pharmaceuticals and gave the company a “buy” rating in a research report on Thursday, August 9th. Cantor Fitzgerald reissued a “buy” rating and issued a $50.00 target price on shares of Paratek Pharmaceuticals in a research report on Thursday, August 2nd. Zacks Investment Research raised shares of Paratek Pharmaceuticals from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Wednesday, July 25th. Finally, Bank of America started coverage on shares of Paratek Pharmaceuticals in a research report on Monday, August 27th. They issued a “neutral” rating and a $13.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. Paratek Pharmaceuticals presently has an average rating of “Hold” and an average price target of $30.29.
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Paratek Pharmaceuticals Company Profile
Paratek Pharmaceuticals, Inc, a clinical stage biopharmaceutical company, focuses on the development and commercialization of therapeutics based upon tetracycline chemistry in the United States. Its lead product candidates include omadacycline, an intravenous and oral antibiotic for use as a monotherapy antibiotic for acute bacterial skin and skin structure infections, community-acquired bacterial pneumonia, urinary tract infections, and other community-acquired bacterial infections; and Sarecycline, a tetracycline-derived compound designed for use in the treatment of acne and rosacea.
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