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OptiNose (NASDAQ:OPTN) Announces Earnings Results

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OptiNose (NASDAQ:OPTN - Get Free Report) posted its quarterly earnings results on Wednesday. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.70) by $0.67, Zacks reports. The business had revenue of $21.47 million during the quarter, compared to the consensus estimate of $21.02 million.

OptiNose Stock Up 0.1 %

Shares of NASDAQ OPTN traded up $0.01 during trading hours on Monday, hitting $9.16. 69,867 shares of the stock were exchanged, compared to its average volume of 63,083. The company has a market cap of $92.10 million, a PE ratio of -2.18 and a beta of -0.30. OptiNose has a 12 month low of $4.82 and a 12 month high of $22.35. The firm has a fifty day moving average price of $6.30 and a 200-day moving average price of $7.90.

Insider Buying and Selling at OptiNose

In other news, CEO Ramy A. Mahmoud sold 6,376 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $5.29, for a total transaction of $33,729.04. Following the completion of the sale, the chief executive officer now owns 126,931 shares in the company, valued at approximately $671,464.99. This represents a 4.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 8,213 shares of company stock worth $43,643 over the last three months. Corporate insiders own 2.30% of the company's stock.

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Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Piper Sandler reissued a "neutral" rating and issued a $9.00 price objective (down previously from $15.00) on shares of OptiNose in a research note on Friday, March 21st. Lake Street Capital downgraded OptiNose from a "buy" rating to a "hold" rating and cut their price target for the company from $17.00 to $9.00 in a report on Thursday, March 20th. Finally, HC Wainwright restated a "neutral" rating and set a $9.00 price objective (down from $18.00) on shares of OptiNose in a research note on Friday, March 21st.

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About OptiNose

(Get Free Report)

OptiNose, Inc, a specialty pharmaceutical company, focuses on the development and commercialization of products for patients treated by ear, nose, throat, and allergy specialists in the United States. The company offers XHANCE, a therapeutic product utilizing its proprietary exhalation delivery system (EDS) that delivers a topically acting corticosteroid for the treatment of chronic rhinosinusitis with nasal polyps, as well as is in Phase IIIb clinical trial for treatment of chronic sinusitis; and Onzetra Xsail, a powder EDS device.

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Earnings History for OptiNose (NASDAQ:OPTN)

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