Several other research firms have also weighed in on OMER. HC Wainwright set a $30.00 target price on shares of Omeros and gave the company a buy rating in a report on Thursday, December 14th. Zacks Investment Research upgraded shares of Omeros from a hold rating to a strong-buy rating and set a $22.00 target price on the stock in a report on Thursday, October 19th. Wedbush reiterated an outperform rating and issued a $47.00 target price on shares of Omeros in a report on Tuesday, November 28th. Finally, Cowen lowered shares of Omeros from an outperform rating to a market perform rating in a report on Thursday, November 2nd. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Omeros has a consensus rating of Buy and an average price target of $34.14.
Omeros (NASDAQ:OMER) opened at $19.42 on Wednesday. The company has a quick ratio of 4.74, a current ratio of 4.77 and a debt-to-equity ratio of 8.99. The firm has a market cap of $945.67, a PE ratio of -15.17 and a beta of 3.56. Omeros has a fifty-two week low of $8.71 and a fifty-two week high of $27.09.
Several hedge funds have recently modified their holdings of OMER. First Interstate Bank acquired a new position in shares of Omeros in the 3rd quarter worth approximately $108,000. Legal & General Group Plc increased its stake in Omeros by 7.8% during the 2nd quarter. Legal & General Group Plc now owns 10,359 shares of the biopharmaceutical company’s stock worth $208,000 after buying an additional 751 shares during the period. Hanseatic Management Services Inc. increased its stake in Omeros by 10,919.6% during the 3rd quarter. Hanseatic Management Services Inc. now owns 10,689 shares of the biopharmaceutical company’s stock worth $231,000 after buying an additional 10,592 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new stake in Omeros during the 3rd quarter worth approximately $256,000. Finally, SG Americas Securities LLC increased its stake in Omeros by 138.9% during the 3rd quarter. SG Americas Securities LLC now owns 12,154 shares of the biopharmaceutical company’s stock worth $263,000 after buying an additional 7,067 shares during the period. Hedge funds and other institutional investors own 49.71% of the company’s stock.
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Omeros Company Profile
Omeros Corporation is a biopharmaceutical company. The Company is engaged in discovering, developing and commercializing small-molecule and protein therapeutics for large-market, as well as orphan indications targeting inflammation, coagulopathies and disorders of the central nervous system. Its marketed drug product, Omidria (phenylephrine and ketorolac injection), is used during cataract surgery or intraocular lens (IOL) replacement.
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