Pliant Therapeutics, Inc. (NASDAQ:PLRX) Given Consensus Rating of “Buy” by Analysts

Shares of Pliant Therapeutics, Inc. (NASDAQ:PLRXGet Rating) have been assigned an average rating of “Buy” from the seven brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $46.17.

Separately, Zacks Investment Research cut shares of Pliant Therapeutics from a “hold” rating to a “sell” rating in a report on Friday, March 4th.

A number of hedge funds have recently made changes to their positions in PLRX. CHI Advisors LLC boosted its stake in Pliant Therapeutics by 4.9% in the third quarter. CHI Advisors LLC now owns 2,484,724 shares of the company’s stock valued at $41,942,000 after acquiring an additional 116,836 shares during the last quarter. BlackRock Inc. lifted its stake in Pliant Therapeutics by 8.8% in the fourth quarter. BlackRock Inc. now owns 1,687,874 shares of the company’s stock valued at $22,785,000 after purchasing an additional 135,882 shares during the last quarter. Citadel Advisors LLC grew its holdings in Pliant Therapeutics by 1.8% during the fourth quarter. Citadel Advisors LLC now owns 1,337,126 shares of the company’s stock valued at $18,051,000 after purchasing an additional 23,560 shares during the period. Point72 Asset Management L.P. bought a new position in Pliant Therapeutics during the fourth quarter valued at $15,324,000. Finally, State Street Corp increased its position in Pliant Therapeutics by 6.4% in the fourth quarter. State Street Corp now owns 444,629 shares of the company’s stock worth $6,002,000 after buying an additional 26,626 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

PLRX opened at $7.51 on Friday. Pliant Therapeutics has a 1 year low of $6.72 and a 1 year high of $35.89. The company has a market capitalization of $271.19 million, a price-to-earnings ratio of -2.77 and a beta of 1.17. The firm’s fifty day moving average price is $8.60 and its two-hundred day moving average price is $12.64.

Pliant Therapeutics Company Profile (Get Rating)

Pliant Therapeutics, Inc, a clinical stage biopharmaceutical company, discovers, develops, and commercializes novel therapies for the treatment of fibrosis and related diseases in the United States. Its lead product candidate is PLN-74809, an oral small-molecule dual selective inhibitor of avß6 and avß1 integrins, which is in three Phase 2a trials.

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