Jefferies Group LLC reiterated their buy rating on shares of Organovo Holdings, Inc. (NASDAQ:ONVO) in a research report sent to investors on Thursday morning. They currently have a $4.00 price objective on the stock.

Other analysts have also recently issued reports about the stock. Evercore ISI reissued an outperform rating and set a $3.75 target price (down from $4.00) on shares of Organovo Holdings in a report on Friday, June 9th. ValuEngine cut shares of Organovo Holdings from a sell rating to a strong sell rating in a report on Friday, September 1st. Finally, BidaskClub cut shares of Organovo Holdings from a sell rating to a strong sell rating in a report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $6.20.

Shares of Organovo Holdings (NASDAQ:ONVO) traded down 6.19% during mid-day trading on Thursday, hitting $2.12. 1,352,203 shares of the stock traded hands. The stock’s market cap is $224.98 million. Organovo Holdings has a 12-month low of $1.75 and a 12-month high of $4.21. The firm’s 50 day moving average price is $2.11 and its 200-day moving average price is $2.64.

Organovo Holdings (NASDAQ:ONVO) last issued its earnings results on Wednesday, August 9th. The company reported ($0.10) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.10). The company had revenue of $0.99 million for the quarter, compared to analysts’ expectations of $0.92 million. Organovo Holdings had a negative net margin of 918.97% and a negative return on equity of 65.49%. Organovo Holdings’s revenue for the quarter was up 11.1% compared to the same quarter last year. Analysts predict that Organovo Holdings will post ($0.39) earnings per share for the current year.

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Several hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its holdings in shares of Organovo Holdings by 9.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 82,408 shares of the company’s stock worth $217,000 after acquiring an additional 7,098 shares during the period. State Street Corp increased its holdings in shares of Organovo Holdings by 9.7% in the 2nd quarter. State Street Corp now owns 1,697,994 shares of the company’s stock worth $4,463,000 after acquiring an additional 150,837 shares during the period. Voya Investment Management LLC increased its holdings in shares of Organovo Holdings by 18.8% in the 2nd quarter. Voya Investment Management LLC now owns 52,032 shares of the company’s stock worth $137,000 after acquiring an additional 8,225 shares during the period. Lehman Financial Resources Inc. increased its holdings in shares of Organovo Holdings by 21.8% in the 2nd quarter. Lehman Financial Resources Inc. now owns 178,900 shares of the company’s stock worth $472,000 after acquiring an additional 32,000 shares during the period. Finally, ARK Investment Management LLC increased its holdings in shares of Organovo Holdings by 134.5% in the 2nd quarter. ARK Investment Management LLC now owns 1,445,039 shares of the company’s stock worth $3,800,000 after acquiring an additional 828,787 shares during the period. 23.94% of the stock is currently owned by institutional investors and hedge funds.

Organovo Holdings Company Profile

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