BioLineRx Ltd. (BLRX) Earns Outperform Rating from Analysts at Oppenheimer Holdings, Inc.
Oppenheimer Holdings, Inc. started coverage on shares of BioLineRx Ltd. (NASDAQ:BLRX) in a research note published on Friday. The brokerage issued an outperform rating and a $3.00 price target on the biotechnology company’s stock.
BLRX has been the subject of several other reports. HC Wainwright set a $4.00 price target on BioLineRx and gave the company a buy rating in a report on Tuesday, April 18th. Zacks Investment Research lowered BioLineRx from a buy rating to a hold rating in a report on Friday, May 26th. Maxim Group set a $3.00 price target on BioLineRx and gave the company a buy rating in a report on Thursday, May 25th. ValuEngine upgraded BioLineRx from a sell rating to a hold rating in a report on Monday, July 17th. Finally, Roth Capital started coverage on BioLineRx in a report on Thursday. They set a buy rating and a $3.00 price target for the company. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $2.59.
BioLineRx (NASDAQ:BLRX) last announced its quarterly earnings results on Thursday, May 25th. The biotechnology company reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.03.
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A number of large investors have recently bought and sold shares of BLRX. Citadel Advisors LLC raised its stake in BioLineRx by 443.4% in the first quarter. Citadel Advisors LLC now owns 105,986 shares of the biotechnology company’s stock valued at $102,000 after buying an additional 86,481 shares during the period. Renaissance Technologies LLC bought a new stake in BioLineRx during the first quarter valued at $126,000. Benchmark Capital Advisors raised its stake in BioLineRx by 227.3% in the first quarter. Benchmark Capital Advisors now owns 144,000 shares of the biotechnology company’s stock valued at $138,000 after buying an additional 100,000 shares during the period. KCG Holdings Inc. raised its stake in BioLineRx by 715.9% in the first quarter. KCG Holdings Inc. now owns 175,156 shares of the biotechnology company’s stock valued at $168,000 after buying an additional 153,687 shares during the period. Finally, Sabby Management LLC bought a new stake in BioLineRx during the first quarter valued at $3,018,000. Hedge funds and other institutional investors own 34.91% of the company’s stock.
BioLine RX Ltd is an Israel-based company engaged in the development of therapeutics, from preclinical-stage development to advanced clinical trials, for a range of medical needs. Its clinical therapeutic candidates under development consist of BL-1020 that is in Phase II/III clinical trials to improve cognitive function in schizophrenia patients; BL-1040, which is under pivotal CE-Mark registration trial for the prevention of cardiac remodeling following an acute myocardial infarction; BL-5010, which has completed Phase I/II clinical trials for non-surgical removal of skin lesions; BL-1021 that has completed Phase Ia clinical trial for the treatment of neuropathic pain or pain that results from damage to nerve fibers, and BL-7040, a synthetic oligonucleotide, which is in Phase II clinical trial for the treatment of inflammatory bowel disease.
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