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Needham & Company LLC Reaffirms "Hold" Rating for Omeros (NASDAQ:OMER)

Omeros logo with Medical background

Needham & Company LLC restated their hold rating on shares of Omeros (NASDAQ:OMER - Free Report) in a research note published on Thursday,Benzinga reports.

Other equities analysts have also issued research reports about the company. StockNews.com lowered Omeros from a "hold" rating to a "sell" rating in a research report on Tuesday. Rodman & Renshaw initiated coverage on shares of Omeros in a research note on Thursday. They issued a "buy" rating and a $9.00 price target for the company.

Get Our Latest Analysis on Omeros

Omeros Stock Up 65.9 %

Shares of NASDAQ:OMER traded up $2.76 during trading on Thursday, hitting $6.95. The stock had a trading volume of 14,179,323 shares, compared to its average volume of 459,267. The company has a market capitalization of $402.75 million, a PE ratio of -2.23 and a beta of 1.47. The firm's fifty day moving average is $4.02 and its 200 day moving average is $4.05. Omeros has a 12 month low of $1.38 and a 12 month high of $7.51.

Hedge Funds Weigh In On Omeros

Institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets lifted its position in Omeros by 130.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,388 shares of the biopharmaceutical company's stock valued at $49,000 after acquiring an additional 7,016 shares in the last quarter. SPC Financial Inc. purchased a new stake in shares of Omeros during the third quarter valued at $77,000. SG Americas Securities LLC bought a new stake in Omeros in the 3rd quarter worth about $80,000. Oppenheimer & Co. Inc. purchased a new position in Omeros in the 1st quarter worth about $85,000. Finally, Comerica Bank lifted its stake in Omeros by 20.0% during the 1st quarter. Comerica Bank now owns 30,000 shares of the biopharmaceutical company's stock valued at $104,000 after acquiring an additional 5,000 shares during the period. 48.79% of the stock is currently owned by institutional investors.

About Omeros

(Get Free Report)

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.

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