Kala Pharmaceuticals Inc (KALA) Given Average Recommendation of “Buy” by Analysts

Shares of Kala Pharmaceuticals Inc (NASDAQ:KALA) have earned an average recommendation of “Buy” from the six research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $36.80.

KALA has been the topic of a number of analyst reports. Wedbush reiterated an “outperform” rating and issued a $46.00 price target on shares of Kala Pharmaceuticals in a research note on Thursday, October 19th. J P Morgan Chase & Co set a $35.00 price target on shares of Kala Pharmaceuticals and gave the stock a “buy” rating in a research note on Sunday, November 19th. Zacks Investment Research cut shares of Kala Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Oppenheimer began coverage on shares of Kala Pharmaceuticals in a research note on Tuesday, August 15th. They issued an “outperform” rating and a $46.00 price target on the stock. Finally, Wells Fargo & Company began coverage on shares of Kala Pharmaceuticals in a research note on Monday, August 14th. They set an “outperform” rating and a $24.00 target price on the stock.

Kala Pharmaceuticals (NASDAQ KALA) opened at $18.20 on Wednesday. Kala Pharmaceuticals has a one year low of $13.51 and a one year high of $26.75. The company has a quick ratio of 11.00, a current ratio of 11.00 and a debt-to-equity ratio of 0.14.

Kala Pharmaceuticals (NASDAQ:KALA) last announced its quarterly earnings results on Tuesday, November 7th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.42) by ($0.14). sell-side analysts forecast that Kala Pharmaceuticals will post -2.08 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Orbimed Advisors LLC bought a new position in Kala Pharmaceuticals during the 3rd quarter valued at about $54,251,000. Caxton Corp bought a new position in Kala Pharmaceuticals during the 3rd quarter valued at about $12,430,000. Victory Capital Management Inc. bought a new position in Kala Pharmaceuticals during the 3rd quarter valued at about $12,414,000. OxFORD Asset Management LLP bought a new position in Kala Pharmaceuticals during the 3rd quarter valued at about $4,374,000. Finally, JPMorgan Chase & Co. bought a new position in Kala Pharmaceuticals during the 3rd quarter valued at about $4,037,000. Institutional investors and hedge funds own 62.96% of the company’s stock.

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Kala Pharmaceuticals Company Profile

Kala Pharmaceuticals, Inc is a biopharmaceutical company focused on the development and commercialization of therapeutics through its nanoparticle-based Mucus Penetrating Particles, or MPP, technology. The Company’s initial focus is on the treatment of eye diseases. The Company’s product candidate includes KPI-121 1%, KPI-121 0.25% and MPP rTKI Program.

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