Shares of Outlook Therapeutics, Inc. (NASDAQ:OTLK – Get Free Report) have been assigned an average rating of “Buy” from the seven ratings firms that are currently covering the firm, MarketBeat reports. Seven analysts have rated the stock with a buy rating. The average 1-year target price among analysts that have covered the stock in the last year is $48.20.
Several research firms have recently issued reports on OTLK. Ascendiant Capital Markets reduced their target price on Outlook Therapeutics from $35.00 to $33.00 and set a “buy” rating on the stock in a research note on Tuesday, September 3rd. HC Wainwright restated a “buy” rating and issued a $30.00 price objective on shares of Outlook Therapeutics in a report on Thursday, August 15th. Finally, Chardan Capital reaffirmed a “buy” rating and set a $53.00 target price on shares of Outlook Therapeutics in a research note on Friday, August 16th.
Check Out Our Latest Report on Outlook Therapeutics
Insider Activity
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of OTLK. AQR Capital Management LLC purchased a new position in shares of Outlook Therapeutics in the 2nd quarter worth $75,000. Squarepoint Ops LLC bought a new position in shares of Outlook Therapeutics in the 2nd quarter worth approximately $232,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Outlook Therapeutics in the second quarter worth approximately $303,000. LVW Advisors LLC bought a new stake in Outlook Therapeutics during the second quarter valued at approximately $352,000. Finally, Rosalind Advisors Inc. grew its position in Outlook Therapeutics by 44.3% during the second quarter. Rosalind Advisors Inc. now owns 450,000 shares of the company’s stock valued at $3,321,000 after buying an additional 138,225 shares during the period. Hedge funds and other institutional investors own 11.20% of the company’s stock.
Outlook Therapeutics Stock Down 5.2 %
Shares of Outlook Therapeutics stock opened at $4.95 on Friday. The company’s fifty day simple moving average is $6.70 and its two-hundred day simple moving average is $7.62. Outlook Therapeutics has a 12-month low of $4.57 and a 12-month high of $18.00. The firm has a market cap of $115.86 million, a PE ratio of -0.43 and a beta of 0.62.
Outlook Therapeutics (NASDAQ:OTLK – Get Free Report) last posted its earnings results on Wednesday, August 14th. The company reported ($0.83) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.06) by $0.23. As a group, sell-side analysts expect that Outlook Therapeutics will post -3.63 earnings per share for the current fiscal year.
About Outlook Therapeutics
Outlook Therapeutics, Inc, operates as a clinical-stage biopharmaceutical company, focuses on developing and commercializing monoclonal antibodies for various ophthalmic indications. Its lead product candidate is ONS-5010, an ophthalmic formulation of bevacizumab product candidate that is in Phase-III clinical trial for the treatment of wet age-related macular degeneration and other retina diseases.
Featured Articles
- Five stocks we like better than Outlook Therapeutics
- Russell 2000 Index, How Investors Use it For Profitable Trading
- 3 Momentum Trades for October With Ample Upside Ahead
- 3 Grocery Stocks That Are Proving They Are Still Essential
- Roblox Dips on Short Report—Here’s Why It Could Bounce Back Fast
- Best Stocks Under $10.00
- 2 Reasons to Jump on Apple Stock Now and 1 Reason to Think Twice
Receive News & Ratings for Outlook Therapeutics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Outlook Therapeutics and related companies with MarketBeat.com's FREE daily email newsletter.