Alimera Sciences, Inc. (ALIM) Earns Buy Rating from Cowen and Company

Cowen and Company reaffirmed their buy rating on shares of Alimera Sciences, Inc. (NASDAQ:ALIM) in a research note released on Thursday morning.

“Adaptimmune reported Q3 financials including net loss of $1MM and a cash balance.”,” the firm’s analyst wrote.

ALIM has been the topic of a number of other research reports. HC Wainwright set a $5.00 target price on Alimera Sciences and gave the company a buy rating in a report on Tuesday, July 11th. Zacks Investment Research downgraded Alimera Sciences from a buy rating to a hold rating in a research report on Thursday, July 13th. Finally, ValuEngine raised Alimera Sciences from a strong sell rating to a sell rating in a research report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $3.38.

Shares of Alimera Sciences (NASDAQ:ALIM) traded down $0.01 on Thursday, hitting $1.33. The stock had a trading volume of 2,440 shares, compared to its average volume of 258,346. Alimera Sciences has a 12-month low of $1.04 and a 12-month high of $1.72. The company has a current ratio of 4.63, a quick ratio of 4.51 and a debt-to-equity ratio of -0.72.

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Institutional investors and hedge funds have recently modified their holdings of the stock. KCG Holdings Inc. increased its position in shares of Alimera Sciences by 127.0% during the first quarter. KCG Holdings Inc. now owns 78,604 shares of the biopharmaceutical company’s stock valued at $110,000 after acquiring an additional 43,977 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Alimera Sciences by 24.3% in the second quarter. PNC Financial Services Group Inc. now owns 180,300 shares of the biopharmaceutical company’s stock worth $251,000 after buying an additional 35,200 shares during the last quarter. Finally, JW Asset Management LLC increased its position in Alimera Sciences by 15.6% in the second quarter. JW Asset Management LLC now owns 966,000 shares of the biopharmaceutical company’s stock worth $1,343,000 after buying an additional 130,000 shares during the last quarter. 37.17% of the stock is owned by institutional investors.

Alimera Sciences Company Profile

Alimera Sciences, Inc (Alimera) is a pharmaceutical company. The Company is engaged in the research, development and commercialization of prescription ophthalmic pharmaceuticals. The Company operates through two segments: U.S. and International. The Company focuses on diseases affecting the back of the eye or retina.

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