Bank of New York Mellon Corp Acquires 14,315 Shares of Organovo Holdings Inc. (ONVO)
Bank of New York Mellon Corp raised its position in Organovo Holdings Inc. (NASDAQ:ONVO) by 3.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 377,437 shares of the company’s stock after buying an additional 14,315 shares during the period. Bank of New York Mellon Corp owned 0.41% of Organovo Holdings worth $1,404,000 at the end of the most recent quarter.
Organovo Holdings Inc. (NASDAQ:ONVO) traded up 3.15% during mid-day trading on Tuesday, hitting $3.93. 812,270 shares of the company were exchanged. Organovo Holdings Inc. has a 12-month low of $1.60 and a 12-month high of $4.99. The stock’s 50 day moving average is $3.92 and its 200-day moving average is $3.42.
Organovo Holdings (NASDAQ:ONVO) last released its quarterly earnings results on Thursday, August 4th. The company reported ($0.09) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.01. Organovo Holdings had a negative net margin of 1,878.68% and a negative return on equity of 59.27%. On average, analysts predict that Organovo Holdings Inc. will post ($0.42) earnings per share for the current year.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Organovo Holdings from a “sell” rating to a “hold” rating and set a $5.25 price target on the stock in a research report on Wednesday, August 10th. Jefferies Group restated a “buy” rating and issued a $4.50 price target (up from $4.00) on shares of Organovo Holdings in a research report on Thursday, July 21st.
In other news, EVP Eric David sold 20,000 shares of Organovo Holdings stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $4.55, for a total value of $91,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 12.50% of the stock is currently owned by insiders.
About Organovo Holdings
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