TheStreet upgraded shares of Ophthotech (NASDAQ:OPHT) from an e+ rating to a c rating in a research note issued to investors on Thursday morning.

Other equities analysts have also recently issued research reports about the stock. ValuEngine raised shares of Ophthotech from a hold rating to a buy rating in a research note on Monday, October 2nd. Stifel Nicolaus reaffirmed a hold rating and set a $4.00 price objective on shares of Ophthotech in a research note on Thursday, September 21st. Finally, Zacks Investment Research raised shares of Ophthotech from a hold rating to a strong-buy rating and set a $3.25 price objective for the company in a research note on Monday, November 13th. Twelve research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $8.31.

Ophthotech (NASDAQ OPHT) traded up $0.06 on Thursday, hitting $3.20. 663,047 shares of the stock traded hands, compared to its average volume of 1,042,381. The stock has a market capitalization of $113.16, a P/E ratio of 2.00 and a beta of 1.56. Ophthotech has a 52-week low of $2.24 and a 52-week high of $40.34.

A number of large investors have recently modified their holdings of OPHT. First Manhattan Co. purchased a new position in Ophthotech during the third quarter valued at approximately $1,201,000. Tamarack Advisers LP grew its stake in Ophthotech by 32.7% during the second quarter. Tamarack Advisers LP now owns 625,000 shares of the biopharmaceutical company’s stock valued at $1,600,000 after acquiring an additional 153,851 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Ophthotech by 28.1% during the second quarter. Goldman Sachs Group Inc. now owns 652,992 shares of the biopharmaceutical company’s stock valued at $1,672,000 after acquiring an additional 143,349 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in Ophthotech by 97.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 260,600 shares of the biopharmaceutical company’s stock worth $667,000 after buying an additional 128,900 shares in the last quarter. Finally, LMR Partners LLP purchased a new position in Ophthotech in the 2nd quarter worth approximately $269,000. 62.57% of the stock is owned by institutional investors.

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Ophthotech Company Profile

Ophthotech Corporation is a biopharmaceutical company. The Company is engaged in the development of therapeutics to treat ophthalmic diseases, with a focus on diseases of the back of the eye. Its primary focus is developing therapeutics for age-related macular degeneration (AMD), which is a disorder of the central portion of the retina, known as the macula, that may result in blindness.

Analyst Recommendations for Ophthotech (NASDAQ:OPHT)

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