Wedbush Weighs in on Aprea Therapeutics, Inc.’s FY2022 Earnings (NASDAQ:APRE)

Aprea Therapeutics, Inc. (NASDAQ:APREGet Rating) – Wedbush lowered their FY2022 earnings estimates for Aprea Therapeutics in a report issued on Thursday, November 10th. Wedbush analyst R. Driscoll now forecasts that the company will earn ($0.36) per share for the year, down from their previous estimate of $1.19. The consensus estimate for Aprea Therapeutics’ current full-year earnings is ($0.28) per share. Wedbush also issued estimates for Aprea Therapeutics’ Q4 2022 earnings at ($0.12) EPS, FY2023 earnings at ($0.42) EPS, FY2024 earnings at ($0.38) EPS, FY2025 earnings at ($0.39) EPS and FY2026 earnings at $0.06 EPS.

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $3.00 target price on shares of Aprea Therapeutics in a report on Monday, October 10th.

Aprea Therapeutics Stock Performance

Shares of APRE opened at $0.46 on Monday. The company’s 50-day simple moving average is $0.71 and its 200-day simple moving average is $0.85. The stock has a market capitalization of $10.69 million, a PE ratio of -0.09 and a beta of 0.74. Aprea Therapeutics has a 1 year low of $0.33 and a 1 year high of $4.94.

Aprea Therapeutics (NASDAQ:APREGet Rating) last issued its quarterly earnings results on Thursday, August 11th. The company reported ($0.99) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.61).

Institutional Trading of Aprea Therapeutics

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new stake in Aprea Therapeutics during the second quarter worth approximately $54,000. Renaissance Technologies LLC raised its holdings in Aprea Therapeutics by 4.7% during the second quarter. Renaissance Technologies LLC now owns 311,754 shares of the company’s stock worth $234,000 after purchasing an additional 13,854 shares in the last quarter. Finally, Gyon Technologies Capital Management LP acquired a new stake in Aprea Therapeutics during the first quarter worth approximately $38,000. Institutional investors and hedge funds own 18.95% of the company’s stock.

Aprea Therapeutics Company Profile

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Aprea Therapeutics, Inc, a clinical-stage biopharmaceutical company, focuses on developing and commercializing novel cancer therapeutics that target DNA damage response pathways. Its lead product candidate is ATRN-119, an oral ATR inhibitor that is in phase 1/2a clinical trial to treat patients with advanced solid tumors.

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