ProQR Therapeutics N.V. (NASDAQ:PRQR) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of ProQR Therapeutics N.V. (NASDAQ:PRQR) from a buy rating to a hold rating in a research report sent to investors on Friday, October 6th.

According to Zacks, “ProQR Therapeutics B.V. is a biotech company. It is engaged in the discovery and development of RNA-based therapeutics for the treatment of severe genetic disorders, with an initial focus on Cystic Fibrosis (CF). The Company’s lead product candidate includes QR-010, a RNA-based oligonucleotide for the treatment of cystic fibrosis. ProQR Therapeutics B.V. is headquartered in Leiden, the Netherlands. “

Several other brokerages also recently weighed in on PRQR. Leerink Swann reiterated an outperform rating and issued a $12.00 price target (up from $10.00) on shares of ProQR Therapeutics N.V. in a report on Tuesday, September 26th. JMP Securities boosted their price target on ProQR Therapeutics N.V. from $14.00 to $20.00 and gave the company an outperform rating in a report on Tuesday, September 26th. ValuEngine upgraded ProQR Therapeutics N.V. from a strong sell rating to a sell rating in a report on Friday, September 1st. Chardan Capital reiterated a neutral rating on shares of ProQR Therapeutics N.V. in a report on Sunday, September 17th. Finally, HC Wainwright reissued a buy rating and set a $40.00 price objective on shares of ProQR Therapeutics N.V. in a research note on Tuesday, September 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. ProQR Therapeutics N.V. has a consensus rating of Hold and a consensus price target of $16.40.

ProQR Therapeutics N.V. (NASDAQ:PRQR) opened at 4.45 on Friday. The stock’s market cap is $107.27 million. The company’s 50-day moving average price is $5.14 and its 200-day moving average price is $5.03. ProQR Therapeutics N.V. has a 12-month low of $3.65 and a 12-month high of $8.70.

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Large investors have recently bought and sold shares of the business. Janus Henderson Group PLC purchased a new position in ProQR Therapeutics N.V. in the 2nd quarter valued at about $2,028,000. Artal Group S.A. boosted its position in ProQR Therapeutics N.V. by 25.0% in the 2nd 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 last quarter. Finally, Redmile Group LLC boosted its position in ProQR Therapeutics N.V. by 2.8% in the 2nd quarter. Redmile Group LLC now owns 1,596,275 shares of the biopharmaceutical company’s stock valued at $8,301,000 after buying an additional 43,050 shares during the last quarter. 35.93% of the stock is owned by institutional investors.

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).

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