Organovo Holdings Inc. (ONVO) Now Covered by Analysts at Evercore ISI
Evercore ISI started coverage on shares of Organovo Holdings Inc. (NASDAQ:ONVO) in a research note published on Monday morning. The brokerage issued a buy rating and a $4.50 price objective on the stock.
Separately, Zacks Investment Research raised Organovo Holdings from a hold rating to a buy rating and set a $3.25 price target for the company in a report on Wednesday, November 9th.
Shares of Organovo Holdings (NASDAQ:ONVO) opened at 3.13 on Monday. Organovo Holdings has a one year low of $1.60 and a one year high of $4.99. The firm’s 50-day moving average is $3.15 and its 200-day moving average is $3.56.
Organovo Holdings (NASDAQ:ONVO) last issued its quarterly earnings results on Thursday, November 3rd. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.01. The business earned $1.38 million during the quarter. Organovo Holdings had a negative return on equity of 62.11% and a negative net margin of 1,178.36%. Equities analysts predict that Organovo Holdings will post ($0.39) EPS for the current year.
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Several large investors have recently added to or reduced their stakes in ONVO. Bank of New York Mellon Corp increased its stake in Organovo Holdings by 3.9% in the second quarter. Bank of New York Mellon Corp now owns 377,437 shares of the company’s stock worth $1,404,000 after buying an additional 14,315 shares during the period. Penbrook Management LLC increased its stake in Organovo Holdings by 35.8% in the second quarter. Penbrook Management LLC now owns 266,475 shares of the company’s stock worth $992,000 after buying an additional 70,250 shares during the period. Vanguard Group Inc. increased its stake in Organovo Holdings by 9.1% in the second quarter. Vanguard Group Inc. now owns 3,376,661 shares of the company’s stock worth $12,561,000 after buying an additional 281,330 shares during the period. Cowen Group Inc. increased its stake in Organovo Holdings by 8.6% in the second quarter. Cowen Group Inc. now owns 63,000 shares of the company’s stock worth $234,000 after buying an additional 5,000 shares during the period. Finally, BlackRock Advisors LLC increased its stake in Organovo Holdings by 20.3% in the second quarter. BlackRock Advisors LLC now owns 39,509 shares of the company’s stock worth $147,000 after buying an additional 6,670 shares during the period. 18.44% of the stock is owned by hedge funds and other institutional investors.
About Organovo Holdings
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