Opko Health (OPK) Shares Gap Up to $2.72

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Opko Health Inc. (NASDAQ:OPK)’s share price gapped up prior to trading on Friday . The stock had previously closed at $2.81, but opened at $2.72. Opko Health shares last traded at $2.57, with a volume of 175561 shares trading hands.

Several equities analysts recently issued reports on OPK shares. Zacks Investment Research cut shares of Opko Health from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. ValuEngine upgraded shares of Opko Health from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, Barrington Research reiterated a “buy” rating and issued a $5.00 target price on shares of Opko Health in a research note on Thursday, February 28th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Opko Health presently has an average rating of “Buy” and an average price target of $9.67.

The company has a current ratio of 1.10, a quick ratio of 0.96 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of -10.28 and a beta of 1.88.

Opko Health (NASDAQ:OPK) last posted its quarterly earnings data on Wednesday, February 27th. The biotechnology company reported ($0.08) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.01. The company had revenue of $221.90 million during the quarter, compared to analysts’ expectations of $242.05 million. Opko Health had a negative net margin of 15.46% and a negative return on equity of 7.69%. On average, research analysts forecast that Opko Health Inc. will post -0.2 EPS for the current fiscal year.

In related news, Vice Chairman Jane Ph D. Hsiao acquired 10,000 shares of Opko Health stock in a transaction on Thursday, January 31st. The stock was bought at an average cost of $7.96 per share, for a total transaction of $79,600.00. Following the completion of the transaction, the insider now owns 24,455,147 shares of the company’s stock, valued at approximately $194,662,970.12. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Phillip Md Et Al Frost acquired 100,000 shares of Opko Health stock in a transaction on Friday, December 28th. The shares were bought at an average price of $3.13 per share, with a total value of $313,000.00. Following the completion of the transaction, the chief executive officer now directly owns 3,068,951 shares of the company’s stock, valued at approximately $9,605,816.63. The disclosure for this purchase can be found here. Insiders have acquired 1,198,000 shares of company stock valued at $3,460,380 over the last 90 days. 42.74% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in OPK. Diversified Trust Co purchased a new stake in shares of Opko Health during the fourth quarter worth $30,000. FDx Advisors Inc. purchased a new stake in shares of Opko Health during the fourth quarter worth $33,000. Douglas Lane & Associates LLC purchased a new stake in shares of Opko Health during the fourth quarter worth $42,000. Kovack Advisors Inc. purchased a new stake in shares of Opko Health during the fourth quarter worth $48,000. Finally, Two Sigma Advisers LP purchased a new stake in shares of Opko Health during the fourth quarter worth $49,000. 22.57% of the stock is owned by institutional investors and hedge funds.

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About Opko Health (NASDAQ:OPK)

OPKO Health, Inc, a healthcare company, engages in the diagnostics and pharmaceuticals business in the United States, Ireland, Chile, Spain, Israel, Mexico, and internationally. The company's Diagnostics segment operates Bio-Reference Laboratories, a clinical laboratory that offers laboratory testing services in the detection, diagnosis, evaluation, monitoring, and treatment of diseases.

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