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2023-04-11 15:22
Paratek Pharmaceuticals, Inc. (NASDAQ:PRTK – Get Rating) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.25 and traded as high as $2.63. Paratek Pharmaceuticals shares last traded at $2.57, with a volume of 367,602 shares traded.
PRTK has been the subject of a number of recent analyst reports. HC Wainwright decreased their target price on Paratek Pharmaceuticals from $20.00 to $10.00 in a research report on Monday, March 20th. StockNews.com assumed coverage on Paratek Pharmaceuticals in a research report on Thursday, March 16th. They issued a "hold" rating on the stock.
Get Paratek Pharmaceuticals alerts:The firm has a 50 day moving average of $1.99 and a 200-day moving average of $2.25. The company has a market cap of $147.16 million, a P/E ratio of -2.18 and a beta of 1.60.
In other Paratek Pharmaceuticals news, major shareholder James D. Dondero purchased 105,137 shares of the firm's stock in a transaction on Monday, March 20th. The stock was bought at an average cost of $1.40 per share, for a total transaction of $147,191.80. Following the completion of the purchase, the insider now owns 2,239,770 shares in the company, valued at approximately $3,135,678. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder James D. Dondero bought 105,137 shares of the stock in a transaction dated Monday, March 20th. The shares were purchased at an average price of $1.40 per share, for a total transaction of $147,191.80. Following the completion of the purchase, the insider now directly owns 2,239,770 shares of the company's stock, valued at $3,135,678. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder James D. Dondero acquired 234,863 shares of the firm's stock in a transaction on Friday, March 17th. The stock was purchased at an average price of $1.50 per share, with a total value of $352,294.50. Following the transaction, the insider now owns 2,134,663 shares of the company's stock, valued at approximately $3,201,994.50. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 446,000 shares of company stock worth $687,106. 8.00% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of PRTK. Baird Financial Group Inc. increased its holdings in shares of Paratek Pharmaceuticals by 12.8% during the 3rd quarter. Baird Financial Group Inc. now owns 49,070 shares of the specialty pharmaceutical company's stock worth $126,000 after buying an additional 5,570 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Paratek Pharmaceuticals by 2.2% in the first quarter. Goldman Sachs Group Inc. now owns 259,942 shares of the specialty pharmaceutical company's stock valued at $772,000 after purchasing an additional 5,629 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Paratek Pharmaceuticals by 28.9% during the 1st quarter. JPMorgan Chase & Co. now owns 28,946 shares of the specialty pharmaceutical company's stock worth $86,000 after buying an additional 6,497 shares during the period. Prospera Financial Services Inc increased its position in shares of Paratek Pharmaceuticals by 156.8% in the 3rd quarter. Prospera Financial Services Inc now owns 11,465 shares of the specialty pharmaceutical company's stock valued at $29,000 after purchasing an additional 7,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Paratek Pharmaceuticals by 5.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 129,672 shares of the specialty pharmaceutical company's stock worth $386,000 after purchasing an additional 7,019 shares in the last quarter. 41.90% of the stock is owned by hedge funds and other institutional investors.
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Paratek Pharmaceuticals, Inc engages in the development and commercialization of therapies based upon tetracycline chemistry. Its products include omadacycline and sarecycline, which are used for the treatment of community-acquired bacterial infections, including community-acquired bacterial pneumonia, acute bacterial skin and skin structure infections and urinary tract infections.
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