Zacks: OptiNose Inc (OPTN) Given Average Recommendation of “Strong Buy” by Analysts
Shares of OptiNose Inc (NASDAQ:OPTN) have been given an average broker rating score of 1.25 (Strong Buy) from the four brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. OptiNose’s rating score has improved by 6% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Analysts have set a twelve-month consensus price target of $29.25 for the company and are anticipating that the company will post ($0.46) earnings per share for the current quarter, according to Zacks. Zacks has also given OptiNose an industry rank of 187 out of 265 based on the ratings given to its competitors.
Several research analysts have recently commented on OPTN shares. BMO Capital Markets started coverage on shares of OptiNose in a research note on Tuesday, November 7th. They issued an “outperform” rating and a $29.00 price objective for the company. Jefferies Group started coverage on shares of OptiNose in a research note on Tuesday, November 7th. They issued a “buy” rating and a $27.00 price objective for the company. Piper Jaffray Companies started coverage on shares of OptiNose in a research note on Tuesday, November 7th. They issued an “overweight” rating and a $27.00 price objective for the company. Finally, Royal Bank of Canada started coverage on shares of OptiNose in a research note on Tuesday, November 7th. They issued an “outperform” rating and a $33.00 price objective for the company.
OptiNose (OPTN) opened at $18.44 on Tuesday. OptiNose has a 12 month low of $15.01 and a 12 month high of $21.50.
OptiNose (NASDAQ:OPTN) last posted its quarterly earnings data on Monday, November 27th. The company reported ($4.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.47) by ($3.76). analysts expect that OptiNose will post -1.33 earnings per share for the current fiscal year.
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OptiNose Company Profile
OptiNose, Inc is a pharmaceutical company. The Company is focused on the development and commercialization of products for patients treated by ear, nose and throat, or ENT, and allergy specialists. The Company’s products candidates include XHANCE (Nasal Polyps), XHANCE (Chornic Sinusitis) OPN-300, OPN-021, and other.
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