OptiNose (OPTN) Hits New 52-Week Low at $7.33

Shares of OptiNose Inc (NASDAQ:OPTN) reached a new 52-week low on Tuesday . The company traded as low as $7.33 and last traded at $7.60, with a volume of 5150 shares traded. The stock had previously closed at $7.60.

A number of analysts have weighed in on the company. Zacks Investment Research lowered OptiNose from a “buy” rating to a “hold” rating in a research note on Wednesday, August 15th. Cantor Fitzgerald set a $30.00 target price on OptiNose and gave the stock a “buy” rating in a research note on Tuesday, August 14th. Piper Jaffray Companies set a $30.00 target price on OptiNose and gave the stock a “buy” rating in a research note on Tuesday, August 14th. Finally, BMO Capital Markets reduced their target price on OptiNose from $30.00 to $28.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 15th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $28.75.

The company has a market cap of $324.46 million, a P/E ratio of -1.32 and a beta of -0.57. The company has a quick ratio of 10.13, a current ratio of 10.44 and a debt-to-equity ratio of 0.51.

OptiNose (NASDAQ:OPTN) last announced its quarterly earnings results on Tuesday, November 13th. The company reported ($0.61) EPS for the quarter, beating the consensus estimate of ($0.72) by $0.11. The firm had revenue of $1.90 million for the quarter, compared to analysts’ expectations of $1.57 million. As a group, analysts forecast that OptiNose Inc will post -2.93 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. Thompson Davis & CO. Inc. purchased a new position in shares of OptiNose during the second quarter valued at $105,000. Summit Trail Advisors LLC purchased a new position in shares of OptiNose during the second quarter valued at $109,000. MetLife Investment Advisors LLC purchased a new position in shares of OptiNose during the third quarter valued at $157,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of OptiNose during the third quarter valued at $230,000. Finally, Sio Capital Management LLC purchased a new position in shares of OptiNose during the third quarter valued at $336,000. Hedge funds and other institutional investors own 50.30% of the company’s stock.

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About OptiNose (NASDAQ:OPTN)

OptiNose, Inc, a specialty pharmaceutical company, focuses on the development and commercialization of products for patients treated by ear, nose, and throat; and allergy specialists in the United States. The company offers XHANCE, a therapeutic product utilizing its proprietary optinose exhalation delivery system that delivers a topically-acting and potent anti-inflammatory corticosteroid for the treatment of chronic rhinosinusitis with and without nasal polyps.

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