Quantbot Technologies LP purchased a new stake in Omeros Co. (NASDAQ:OMER – Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 4,671 shares of the biopharmaceutical company’s stock, valued at approximately $46,000.
Several other institutional investors also recently made changes to their positions in OMER. Truvestments Capital LLC raised its position in shares of Omeros by 116.5% in the 4th quarter. Truvestments Capital LLC now owns 3,102 shares of the biopharmaceutical company’s stock worth $31,000 after buying an additional 1,669 shares during the period. Picton Mahoney Asset Management increased its stake in Omeros by 692.5% during the fourth quarter. Picton Mahoney Asset Management now owns 5,040 shares of the biopharmaceutical company’s stock worth $50,000 after acquiring an additional 4,404 shares during the last quarter. US Bancorp DE purchased a new position in shares of Omeros in the 4th quarter worth about $81,000. China Universal Asset Management Co. Ltd. acquired a new position in shares of Omeros in the 4th quarter valued at about $121,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of Omeros by 130.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,388 shares of the biopharmaceutical company’s stock worth $49,000 after purchasing an additional 7,016 shares during the period. 48.79% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms recently commented on OMER. D. Boral Capital restated a “buy” rating and issued a $36.00 price target on shares of Omeros in a report on Tuesday. Needham & Company LLC reissued a “hold” rating on shares of Omeros in a research note on Tuesday. Finally, StockNews.com raised shares of Omeros from a “sell” rating to a “hold” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $22.50.
Omeros Stock Down 3.8 %
NASDAQ OMER opened at $7.91 on Wednesday. Omeros Co. has a fifty-two week low of $2.61 and a fifty-two week high of $13.60. The business has a 50 day moving average price of $8.64 and a two-hundred day moving average price of $7.61. The stock has a market cap of $458.38 million, a PE ratio of -3.42 and a beta of 2.03.
About Omeros
Omeros Corporation, a clinical-stage biopharmaceutical company, discovers, develops, and commercializes small-molecule and protein therapeutics, and orphan indications targeting immunologic diseases, including complement-mediated diseases, cancers, and addictive and compulsive disorders. The company’s products under development include Narsoplimab (OMS721/MASP-2) that has completed pivotal trial for hematopoietic stem-cell transplant-associated thrombotic microangiopathy (TA-TMA); that is in Phase III clinical trial for the treatment of immunoglobulin A nephropathy (IgAN); and Phase II clinical trial to treat COVID-19.
Featured Articles
- Five stocks we like better than Omeros
- Stock Ratings and Recommendations: Understanding Analyst Ratings
- D-Wave: Multiple Use Cases Emerge Following Quantum Supremacy
- Overbought Stocks Explained: Should You Trade Them?
- Amazon Falls Back to a Key Support Line: Here’s How to Play It
- There Are Different Types of Stock To Invest In
- Buffett Trims Equities, But Still Keeps Buying This Stock
Receive News & Ratings for Omeros Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omeros and related companies with MarketBeat.com's FREE daily email newsletter.