Principia Biopharma Inc, a late-stage biopharmaceutical company, focuses on developing novel therapies for immunology and oncology. The company is developing PRN1008, an inhibitor that is in Phase III clinical trial for the treatment of pemphigus, a chronic skin disease, as well as in Phase II clinical trial to treat immune thrombocytopenic purpura.
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Industry, Sector and Symbol
Industry Pharmaceutical preparations
Sub-IndustryN/A
SectorMedical
CIKN/A
Phone650-416-7700
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$69.14 million
Profitability
Miscellaneous
Employees65
Next Earnings Date11/5/2019 (Estimated)
OptionableNot Optionable
Principia Biopharma (NASDAQ:PRNB) Frequently Asked Questions
What is Principia Biopharma's stock symbol?
Principia Biopharma trades on the NASDAQ under the ticker symbol "PRNB."
How were Principia Biopharma's earnings last quarter?
Principia Biopharma Inc (NASDAQ:PRNB) posted its earnings results on Thursday, August, 8th. The company reported $0.28 earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.65) by $0.93. The business earned $30 million during the quarter, compared to analyst estimates of $6.16 million. Principia Biopharma had a return on equity of 5.76% and a net margin of 11.88%. View Principia Biopharma's Earnings History.
When is Principia Biopharma's next earnings date?
What price target have analysts set for PRNB?
6 equities research analysts have issued 12 month price targets for Principia Biopharma's shares. Their forecasts range from $42.00 to $55.00. On average, they anticipate Principia Biopharma's share price to reach $47.3333 in the next twelve months. This suggests a possible upside of 20.6% from the stock's current price. View Analyst Price Targets for Principia Biopharma.
What is the consensus analysts' recommendation for Principia Biopharma?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Principia Biopharma in the last year. There are currently 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Principia Biopharma.
What are Wall Street analysts saying about Principia Biopharma stock?
Here are some recent quotes from research analysts about Principia Biopharma stock:
- 1. Stifel Nicolaus analysts commented, "We are reiterating our Buy rating and $45 target price after PRNB reported its 2Q19 financial and business update. We remain bullish ahead of what we view as a catalyst-rich 4Q19, with readouts expected for PRN1008 in both pemphigus vulgaris (PV) and immune thrombocytopenia purpura (ITP). We continue to think PRNB’s nuanced medicinal chemistry platform is under appreciated by the Street and, in our view, PRNB has developed a BTK inhibitor, PRN1008, with an improved safety profile allowing for use in autoimmune conditions which is something that has hindered previous BTKi’s. We believe PRN1008’s data generated to date, already suggest an improved safety profile and we think further proof-of-concept data in its two beachhead indications (PV and ITP) in 4Q19 should drive shares meaingfully higher." (8/11/2019)
- 2. HC Wainwright analysts commented, "Valuation and risks to price target achievement. We reiterate our Buy rating and $55 price target. Our current valuation is based on the PRN1008 opportunity in PV (86%) followed by incremental contribution from ITP (7%), PRN2246 for MS (5%), and PRN1371 for bladder cancer (2%). In PV, we project a 2022 and 2023 launch in the U.S. and E.U., based on a 50% projected chance of success and $1.0 billion and $570 million in peak sales, respectively. For ITP, we only model the U.S." (7/30/2019)
- 3. According to Zacks Investment Research, "Principia Biopharma Inc. is a clinical stage biopharmaceutical company. It offers reversible covalent small molecule drugs for the treatment of cancers. The company's product pipeline consists of PRN1008, PRN1371 and PRN2246 which are in clinical stage. Principia Biopharma Inc. is based in San Francisco, United States. " (7/10/2019)
Has Principia Biopharma been receiving favorable news coverage?
News coverage about PRNB stock has trended somewhat positive recently, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Principia Biopharma earned a news impact score of 0.8 on InfoTrie's scale. They also gave news articles about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the next few days. View News Stories for Principia Biopharma.
Are investors shorting Principia Biopharma?
Principia Biopharma saw a decline in short interest in July. As of July 15th, there was short interest totalling 775,300 shares, a decline of 9.1% from the June 15th total of 853,200 shares. Based on an average daily trading volume, of 133,300 shares, the short-interest ratio is presently 5.8 days. Approximately 6.1% of the shares of the company are sold short. View Principia Biopharma's Current Options Chain.
Who are some of Principia Biopharma's key competitors?
Some companies that are related to Principia Biopharma include Alkermes (ALKS), Ultragenyx Pharmaceutical (RARE), BridgeBio Pharma (BBIO), Nektar Therapeutics (NKTR), Taro Pharmaceutical Industries (TARO), Evotec (EVTCY), Arrowhead Pharmaceuticals (ARWR), Global Blood Therapeutics (GBT), Arena Pharmaceuticals (ARNA), HUTCHISON CHINA/S (HCM), PTC Therapeutics (PTCT), Amicus Therapeutics (FOLD), The Medicines (MDCO), Genmab A/S (GMAB) and Agios Pharmaceuticals (AGIO).
What other stocks do shareholders of Principia Biopharma own?
Who are Principia Biopharma's key executives?
Principia Biopharma's management team includes the folowing people:
- Dr. Alan B. Colowick Ph.D., M.D., M.P.H., Exec. Chairman (Age 57)
- Mr. Martin Babler, CEO & Director (Age 54)
- Mr. Christopher Y. Chai, Chief Financial Officer (Age 52)
- Ms. Stefani A. Wolff, Chief Devel. Officer (Age 57)
- Dr. David M. Goldstein, Chief Scientific Officer (Age 53)
When did Principia Biopharma IPO?
(PRNB) raised $75 million in an initial public offering on Friday, September 14th 2018. The company issued 4,700,000 shares at $15.00-$17.00 per share. BofA Merrill Lynch, Leerink Partners and Wells Fargo Securities acted as the underwriters for the IPO and Baird was co-manager.
Who are Principia Biopharma's major shareholders?
Principia Biopharma's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Orbimed Advisors LLC (6.70%), Cormorant Asset Management LP (5.71%), BlackRock Inc. (4.12%), Price T Rowe Associates Inc. MD (3.85%), Vanguard Group Inc. (2.41%) and AXA (0.64%). Company insiders that own Principia Biopharma stock include Leaf Ventures Ii LP New, Orbimed Advisors Llc and Srinivas Akkaraju. View Institutional Ownership Trends for Principia Biopharma.
Which institutional investors are selling Principia Biopharma stock?
PRNB stock was sold by a variety of institutional investors in the last quarter, including Orbimed Advisors LLC, Cormorant Asset Management LP, JPMorgan Chase & Co. and Virtus ETF Advisers LLC. Company insiders that have sold Principia Biopharma company stock in the last year include Leaf Ventures Ii LP New and Orbimed Advisors Llc. View Insider Buying and Selling for Principia Biopharma.
Which institutional investors are buying Principia Biopharma stock?
PRNB stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Vanguard Group Inc., Point72 Asset Management L.P., Nuveen Asset Management LLC, Alps Advisors Inc., Jacobs Levy Equity Management Inc., Morgan Stanley and Bank of New York Mellon Corp. Company insiders that have bought Principia Biopharma stock in the last two years include Leaf Ventures Ii LP New and Srinivas Akkaraju. View Insider Buying and Selling for Principia Biopharma.
How do I buy shares of Principia Biopharma?
Shares of PRNB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Principia Biopharma's stock price today?
One share of PRNB stock can currently be purchased for approximately $39.25.
How big of a company is Principia Biopharma?
Principia Biopharma has a market capitalization of $940.82 million and generates $69.14 million in revenue each year. The company earns $18.17 million in net income (profit) each year or $0.57 on an earnings per share basis. Principia Biopharma employs 65 workers across the globe.View Additional Information About Principia Biopharma.
What is Principia Biopharma's official website?
How can I contact Principia Biopharma?
Principia Biopharma's mailing address is 220 East Grand Avenue, SOUTH SAN FRANCISCO CA, 94080. The company can be reached via phone at 650-416-7700 or via email at [email protected]
MarketBeat Community Rating for Principia Biopharma (NASDAQ PRNB)
MarketBeat's community ratings are surveys of what our community members think about Principia Biopharma and other stocks. Vote "Outperform" if you believe PRNB will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PRNB will underperform the S&P 500 over the long term. You may vote once every thirty days.
