Opko Health (NASDAQ:OPK) was upgraded by analysts at TheStreet from a "d" rating to a "c-" rating in a research report issued on Thursday, TheStreetRatingsTable reports.
Several other equities research analysts also recently issued reports on OPK. Piper Sandler raised their price target on Opko Health from $6.00 to $10.00 in a research report on Friday. BidaskClub upgraded shares of Opko Health from a "buy" rating to a "strong-buy" rating in a research note on Thursday, July 23rd. ValuEngine cut shares of Opko Health from a "buy" rating to a "hold" rating in a research note on Thursday, July 2nd. Finally, Barrington Research reiterated a "buy" rating on shares of Opko Health in a research note on Friday. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of "Buy" and an average target price of $4.63.
NASDAQ OPK opened at $5.15 on Thursday. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $3.96 billion, a PE ratio of -15.61 and a beta of 2.29. Opko Health has a 1-year low of $1.12 and a 1-year high of $6.47. The firm's fifty day simple moving average is $3.78 and its 200-day simple moving average is $2.31.
Opko Health (NASDAQ:OPK) last posted its earnings results on Thursday, July 30th. The biotechnology company reported $0.05 EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.07) by $0.12. The firm had revenue of $301.20 million for the quarter, compared to the consensus estimate of $234.57 million. Opko Health had a negative net margin of 20.69% and a negative return on equity of 7.95%. As a group, analysts predict that Opko Health will post -0.3 EPS for the current year.
In related news, CEO Phillip Md Et Al Frost acquired 400,000 shares of the business's stock in a transaction that occurred on Thursday, May 7th. The shares were acquired at an average cost of $1.95 per share, with a total value of $780,000.00. Following the transaction, the chief executive officer now owns 3,068,951 shares of the company's stock, valued at approximately $5,984,454.45. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders purchased a total of 850,000 shares of company stock worth $1,795,000 over the last ninety days. 40.90% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of OPK. HighTower Advisors LLC bought a new stake in Opko Health during the 1st quarter worth about $30,000. FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its position in Opko Health by 108.3% during the 1st quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 25,000 shares of the biotechnology company's stock worth $34,000 after buying an additional 13,000 shares in the last quarter. United Capital Financial Advisers LLC lifted its position in Opko Health by 27.3% during the 1st quarter. United Capital Financial Advisers LLC now owns 26,101 shares of the biotechnology company's stock worth $35,000 after buying an additional 5,600 shares in the last quarter. Kovack Advisors Inc. lifted its position in Opko Health by 37.8% during the 1st quarter. Kovack Advisors Inc. now owns 29,151 shares of the biotechnology company's stock worth $39,000 after buying an additional 8,000 shares in the last quarter. Finally, Transcend Wealth Collective LLC bought a new stake in Opko Health during the 1st quarter worth about $40,000. 23.49% of the stock is currently owned by institutional investors and hedge funds.
About Opko Health
OPKO Health, Inc, a healthcare company, engages in the diagnostics and pharmaceuticals business in the United States, Ireland, Chile, Spain, Israel, Mexico, and internationally. The company's Diagnostics segment operates BioReference Laboratories, a clinical laboratory that offers laboratory testing services.
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