HC Wainwright restated their buy rating on shares of Ocugen (NASDAQ:OCGN – Free Report) in a research report report published on Wednesday, Benzinga reports. The brokerage currently has a $7.00 target price on the stock.
Separately, Maxim Group assumed coverage on shares of Ocugen in a report on Tuesday, October 15th. They issued a “buy” rating and a $4.00 target price on the stock.
Read Our Latest Research Report on Ocugen
Ocugen Stock Performance
Ocugen (NASDAQ:OCGN – Get Free Report) last released its earnings results on Thursday, August 8th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.02. The company had revenue of $1.14 million for the quarter. During the same period last year, the firm earned ($0.10) earnings per share. As a group, equities analysts anticipate that Ocugen will post -0.2 earnings per share for the current fiscal year.
Institutional Trading of Ocugen
A number of institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its position in shares of Ocugen by 2,760.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 751,819 shares of the company’s stock worth $1,165,000 after acquiring an additional 725,536 shares in the last quarter. Rhumbline Advisers raised its holdings in Ocugen by 3,040.0% during the second quarter. Rhumbline Advisers now owns 301,218 shares of the company’s stock worth $467,000 after purchasing an additional 291,625 shares in the last quarter. Profund Advisors LLC purchased a new stake in shares of Ocugen during the 2nd quarter worth approximately $227,000. The Manufacturers Life Insurance Company acquired a new position in shares of Ocugen in the 2nd quarter valued at $166,000. Finally, NorthCrest Asset Manangement LLC purchased a new position in shares of Ocugen in the 3rd quarter valued at $90,000. 10.27% of the stock is owned by hedge funds and other institutional investors.
About Ocugen
Ocugen, Inc, a clinical-stage biopharmaceutical company, focuses on discovering, developing, and commercializing novel gene and cell therapies and vaccines that improve patients’ health. The company’s pipeline product includes OCU400, a novel gene therapy product candidate restoring retinal integrity and function across a range of genetically diverse inherited retinal diseases, currently under Phase 3 trials for the treatment of retinitis pigmentosa and Phase 1/2 trials for the treatment of leber congenital amaurosis; OCU410, a gene therapy under phase 1/2 for the treatment of dry age-related macular degeneration (AMD); and OCU410ST, a gene therapy under phase 1/2 for the treatment of Stargardt disease.
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