Fintel reports that on August 30, 2023, Brookline Capital downgraded their outlook for Outlook Therapeutics (NASDAQ:OTLK) from Buy to Hold.
Analyst Price Forecast Suggests 2,342.15% Upside
As of August 31, 2023, the average one-year price target for Outlook Therapeutics is 6.56. The forecasts range from a low of 4.54 to a high of $10.50. The average price target represents an increase of 2,342.15% from its latest reported closing price of 0.27.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Outlook Therapeutics is 4MM, a decrease of 30.30%. The projected annual non-GAAP EPS is -0.27.
What is the Fund Sentiment?
There are 165 funds or institutions reporting positions in Outlook Therapeutics. This is an increase of 5 owner(s) or 3.12% in the last quarter. Average portfolio weight of all funds dedicated to OTLK is 0.01%, an increase of 26.29%. Total shares owned by institutions increased in the last three months by 7.21% to 31,135K shares.
What are Other Shareholders Doing?
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 3,610K shares representing 1.39% ownership of the company. No change in the last quarter.
IWM – iShares Russell 2000 ETF holds 3,429K shares representing 1.32% ownership of the company. In it’s prior filing, the firm reported owning 2,925K shares, representing an increase of 14.70%. The firm increased its portfolio allocation in OTLK by 72.51% over the last quarter.
Geode Capital Management holds 2,721K shares representing 1.05% ownership of the company. In it’s prior filing, the firm reported owning 2,538K shares, representing an increase of 6.73%. The firm increased its portfolio allocation in OTLK by 54.88% over the last quarter.
LVW Advisors holds 1,734K shares representing 0.67% ownership of the company. No change in the last quarter.
VEXMX – Vanguard Extended Market Index Fund Investor Shares holds 1,449K shares representing 0.56% ownership of the company. In it’s prior filing, the firm reported owning 1,324K shares, representing an increase of 8.63%. The firm increased its portfolio allocation in OTLK by 66.66% over the last quarter.
Outlook Therapeutics Background Information
(This description is provided by the company.)
Outlook Therapeutics is a late clinical-stage biopharmaceutical company working to develop ONS-5010/LYTENAVA™ (bevacizumab-vikg) as the first FDA-approved ophthalmic formulation of bevacizumab-vikg for use in retinal indications, including wet AMD, DME and BRVO. If ONS-5010 is approved, Outlook Therapeutics expects to commercialize it as the first and only FDA-approved ophthalmic formulation of bevacizumab-vikg for use in treating a range of retinal diseases in the United States, United Kingdom, Europe, Japan, China and other markets. Outlook Therapeutics expects to file ONS-5010 with the U.S. FDA as a new BLA under the PHSA 351(a) regulatory pathway, initially for wet AMD.
This article originally appeared on Fintel
In 20 Years, I Haven’t Seen A Cash Back Card This Good
After two decades of reviewing financial products I haven’t seen anything like this. Credit card companies are at war, handing out free rewards and benefits to win the best customers.
A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges.
Our top pick today pays up to 5% cash back, a $200 bonus on top, and $0 annual fee. Click here to apply before they stop offering rewards this generous.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.