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PTI

Proteostasis

$4.17

-0.14 (-3.25%)

07:29
03/25/19
03/25
07:29
03/25/19
07:29

Proteostasis to host conference call

Conference call to discuss results from Phase 1 clinical studies of its proprietary cystic fibrosis transmembrane conductance regulator modulators will be held on March 25 at 8 am. Webcast Link

PTI Proteostasis
$4.17

-0.14 (-3.25%)

11/07/18
CANT
11/07/18
INITIATION
Target $21
CANT
Overweight
Cantor sees 'clear opportunity' for Proteostasis, starts at Overweight
Cantor Fitzgerald analyst Elemer Piros last night initiated coverage of Proteostasis (PTI) with an Overweight rating and $21 price target. Proteostasis is developing CFTR modulator therapies for the treatment of cystic fibrosis, Piros tells investors in a research note. The analyst sees a "clear opportunity" for Proteostasis to carve out a good portion of the market and make a name for itself in CF. Vertex (VRTX) has opened the door for developing CFTR modulators, says Piros.
11/07/18
PIPR
11/07/18
NO CHANGE
Target $14
PIPR
Overweight
Piper Jaffray sees 'huge valuation disconnect' between Proteostasis, Vertex
Piper Jaffray analyst Edward Tenthoff notes that Proteostasis (PTI) ended Q3 with cash of $46M million subsequently completed an equity financing and sold 1.4M shares through an ATM, bringing pro forma cash to about $138M, which he estimates will fund the company into 2020. The primary driver remains initial Phase I data on Proteostasis' proprietary TripleRx regimen in homozygous F508del Cystic Fibrosis this quarter, he contends, adding that he remains encouraged based on recently reported positive Phase I data on proprietary CFTR potentiator PTI-808 and corrector PTI-801 in homozygous F508del CF patients. The analyst sees a "huge valuation disconnect" between Proteostasis and CF market leader Vertex (VRTX), and reiterates an Overweight rating and $14 price target on the former's shares.
11/07/18
11/07/18
INITIATION

On The Fly: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Linde plc (LIN) initiated with a Market Perform at BMO Capital. 2. Posco (PKX) initiated with an Equal Weight at Morgan Stanley. 3. Proteostasis (PTI) initiated with an Overweight at Cantor Fitzgerald. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
12/17/18
PIPR
12/17/18
NO CHANGE
PIPR
Proteostasis deal with Genentech strenghtens balance sheet, says Piper Jaffray
Piper Jaffray analyst Edward Tenthoff reiterated an Overweight rating and $14 price target on Proteostasis (PTI), noting the company announced an agreement with Roche's (RHHBY) Genentech to license small molecule modulators of an undisclosed target that lie outside of Cystic Fibrosis, which makes the company eligible for $100M in upfront and milestone payments plus royalties. Tenthoff sees this deal strengthening Proteostasis' balance sheet. Additionally, Tenthoff is optimistic on Proteostasis' TripleRx combo, and expects full Phase I TripleRx data in Q1 of 2019. Longer term, the analyst anticipates TripleRx approval in 2021, with global sales of $2.0B by 2026.

TODAY'S FREE FLY STORIES

DASTY

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ULTA

Ulta Beauty

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AUMN

Golden Minerals

$0.30

0.0089 (3.07%)

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YEXT

Yext

$16.62

0.065 (0.39%)

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FIZZ

National Beverage

$48.28

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AXSM

Axsome Therapeutics

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HTHT

Huazhu Group

$34.49

1.58 (4.80%)

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ONDS

Ondas Holdings

$0.00

(0.00%)

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GH

Guardant Health

$73.57

-1.43 (-1.91%)

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DEI

Douglas Emmett

$44.13

0.1 (0.23%)

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AXSM

Axsome Therapeutics

$43.27

-4.17 (-8.79%)

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ZM

Zoom Video

$69.73

-0.22 (-0.31%)

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Zoom Video shares fall on moderating revenue growth, CNBC reports »

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TRIP

TripAdvisor

$29.04

0.51 (1.79%)

, EIGI

Endurance

$4.04

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TripAdvisor acquires SinglePlatform from Endurance, terms not disclosed »

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TRIP

TripAdvisor

$29.04

0.51 (1.79%)

EIGI

Endurance

$4.04

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BP

BP

$36.63

-0.45 (-1.21%)

, COP

ConocoPhillips

$59.83

-0.8 (-1.32%)

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$36.63

-0.45 (-1.21%)

COP

ConocoPhillips

$59.83

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TOT

Total

$52.29

0.02 (0.04%)

XOM

Exxon Mobil

$68.41

-0.24 (-0.35%)

CVX

Chevron

$116.30

-0.66 (-0.56%)

RDS.A

Royal Dutch Shell

$56.50

-0.34 (-0.60%)

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SAGE

Sage Therapeutics

$60.11

-89.11 (-59.72%)

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EMN

Eastman Chemical

$75.68

0.67 (0.89%)

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Eastman Chemical raises quarterly dividend 6.5% to 66c from 62c per share »

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EVRI

Everi Holdings

$11.86

-1 (-7.78%)

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ZUMZ

Zumiez

$30.63

0.67 (2.24%)

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CRWD

Crowdstrike

$53.00

-2.04 (-3.71%)

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Earnings
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FNHC

Federated National

$15.37

-0.04 (-0.26%)

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CRWD

Crowdstrike

$53.00

-2.04 (-3.71%)

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Earnings
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  • 05

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CRWD

Crowdstrike

$53.00

-2.04 (-3.71%)

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Earnings
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EPZM

Epizyme

$15.32

-0.48 (-3.04%)

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ESTA

Establishment Labs

$24.31

0.32 (1.33%)

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IDT

IDT Corp

$7.47

0.26 (3.61%)

16:34
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