Oppenheimer Holdings Comments on BioLineRx Ltd.’s Q3 2017 Earnings (BLRX)
BioLineRx Ltd. (NASDAQ:BLRX) – Equities researchers at Oppenheimer Holdings upped their Q3 2017 earnings estimates for BioLineRx in a note issued to investors on Tuesday. Oppenheimer Holdings analyst M. Breidenbach now anticipates that the biotechnology company will post earnings of ($0.05) per share for the quarter, up from their previous forecast of ($0.06). Oppenheimer Holdings currently has a “Outperform” rating and a $3.00 target price on the stock. Oppenheimer Holdings also issued estimates for BioLineRx’s Q4 2017 earnings at ($0.05) EPS, FY2017 earnings at ($0.23) EPS, Q1 2018 earnings at ($0.05) EPS, FY2018 earnings at ($0.22) EPS, FY2019 earnings at ($0.22) EPS and FY2020 earnings at ($0.07) EPS.
A number of other brokerages also recently issued reports on BLRX. ValuEngine raised BioLineRx from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Roth Capital started coverage on BioLineRx in a research report on Thursday, August 3rd. They set a “buy” rating and a $3.00 price objective for the company. Zacks Investment Research downgraded BioLineRx from a “buy” rating to a “sell” rating in a research report on Tuesday, June 20th. Maxim Group set a $3.00 price objective on BioLineRx and gave the stock a “buy” rating in a research report on Tuesday. Finally, HC Wainwright set a $4.00 target price on BioLineRx and gave the company a “buy” rating in a report on Saturday, June 3rd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $2.59.
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Shares of BioLineRx (BLRX) opened at 1.14 on Friday. The stock’s 50 day moving average is $0.95 and its 200-day moving average is $0.97. BioLineRx has a 52 week low of $0.80 and a 52 week high of $1.42. The stock’s market capitalization is $109.00 million.
BioLineRx (NASDAQ:BLRX) last issued its earnings results on Tuesday, August 8th. The biotechnology company reported ($0.05) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.05).
A number of institutional investors have recently made changes to their positions in BLRX. Citadel Advisors LLC boosted its position in shares of BioLineRx by 443.4% in the first quarter. Citadel Advisors LLC now owns 105,986 shares of the biotechnology company’s stock worth $102,000 after buying an additional 86,481 shares during the period. Benchmark Capital Advisors boosted its position in shares of BioLineRx by 227.3% in the first quarter. Benchmark Capital Advisors now owns 144,000 shares of the biotechnology company’s stock worth $138,000 after buying an additional 100,000 shares during the period. Renaissance Technologies LLC purchased a new position in shares of BioLineRx during the first quarter worth approximately $126,000. KCG Holdings Inc. boosted its position in shares of BioLineRx by 715.9% in the first quarter. KCG Holdings Inc. now owns 175,156 shares of the biotechnology company’s stock worth $168,000 after buying an additional 153,687 shares during the period. Finally, Sabby Management LLC purchased a new position in shares of BioLineRx during the first quarter worth approximately $3,018,000. Institutional investors own 34.91% of the company’s stock.
BioLineRx Company Profile
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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