Oncobiologics, Inc. (NASDAQ:OTLK – Get Free Report) Director Yezan Munther Haddadin acquired 29,000 shares of Oncobiologics stock in a transaction dated Tuesday, June 2nd. The shares were bought at an average price of $0.83 per share, for a total transaction of $24,070.00. Following the transaction, the director owned 66,167 shares of the company’s stock, valued at approximately $54,918.61. The trade was a 78.03% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Oncobiologics Price Performance
Oncobiologics stock opened at $0.81 on Thursday. The stock has a market cap of $113.41 million, a P/E ratio of -0.69 and a beta of 0.96. Oncobiologics, Inc. has a 1 year low of $0.16 and a 1 year high of $3.39. The firm’s 50 day moving average price is $0.31 and its 200-day moving average price is $0.76.
Oncobiologics (NASDAQ:OTLK – Get Free Report) last released its quarterly earnings data on Friday, May 15th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.04). The firm had revenue of $0.13 million for the quarter, compared to analysts’ expectations of $4.39 million. As a group, equities analysts expect that Oncobiologics, Inc. will post -0.51 EPS for the current year.
Institutional Investors Weigh In On Oncobiologics
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on OTLK. Chardan Capital restated a “neutral” rating on shares of Oncobiologics in a research report on Wednesday, February 18th. Ascendiant Capital Markets reduced their price target on shares of Oncobiologics from $10.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, March 11th. HC Wainwright restated a “neutral” rating on shares of Oncobiologics in a research report on Wednesday, February 18th. BTIG Research restated a “neutral” rating on shares of Oncobiologics in a research report on Monday, May 18th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Oncobiologics in a research report on Friday, March 27th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $4.50.
View Our Latest Analysis on Oncobiologics
About Oncobiologics
Oncobiologics, Inc is a clinical-stage biopharmaceutical company specializing in the development of biosimilar therapeutics for cancer and autoimmune diseases. Leveraging recombinant DNA technology and advanced formulation platforms, the company aims to create high-quality, cost-effective alternatives to originator biologic drugs. Oncobiologics’ research focus includes monoclonal antibodies and growth factors that support oncology treatment and immunomodulation.
Founded in 2005 and headquartered in Marlborough, Massachusetts, Oncobiologics maintains research facilities in the Greater Boston area and an integrated manufacturing site in Hyderabad, India, through its wholly owned subsidiary.
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