Brokers Set Expectations for OptiNose, Inc.’s FY2023 Earnings (NASDAQ:OPTN)
OptiNose, Inc. (NASDAQ:OPTN – Get Rating) – Stock analysts at Cantor Fitzgerald issued their FY2023 EPS estimates for shares of OptiNose in a report released on Monday, June 6th. Cantor Fitzgerald analyst B. Folkes anticipates that the company will post earnings of ($0.33) per share for the year.
Separately, Zacks Investment Research raised OptiNose from a “sell” rating to a “hold” rating in a research note on Friday, May 6th.
OPTN opened at $1.88 on Wednesday. The business has a 50 day moving average price of $2.22 and a two-hundred day moving average price of $2.17. The company has a market cap of $155.44 million, a PE ratio of -1.45 and a beta of 0.48. OptiNose has a 52 week low of $1.46 and a 52 week high of $3.85. OptiNose (NASDAQ:OPTN – Get Rating) last posted its quarterly earnings data on Thursday, May 12th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.04). During the same quarter in the previous year, the firm posted ($0.49) earnings per share.
In related news, CEO Peter K. Miller sold 25,974 shares of OptiNose stock in a transaction on Wednesday, March 16th. The stock was sold at an average price of $2.11, for a total value of $54,805.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold 38,810 shares of company stock worth $81,889 in the last quarter. 6.00% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in the business. Rice Hall James & Associates LLC raised its position in OptiNose by 4.2% in the first quarter. Rice Hall James & Associates LLC now owns 881,665 shares of the company’s stock valued at $2,178,000 after purchasing an additional 35,498 shares during the period. Jane Street Group LLC purchased a new position in OptiNose in the first quarter valued at about $126,000. Goldman Sachs Group Inc. raised its position in OptiNose by 65.4% in the first quarter. Goldman Sachs Group Inc. now owns 91,492 shares of the company’s stock valued at $226,000 after purchasing an additional 36,174 shares during the period. State Street Corp raised its position in OptiNose by 87.8% in the first quarter. State Street Corp now owns 176,553 shares of the company’s stock valued at $436,000 after purchasing an additional 82,558 shares during the period. Finally, Prelude Capital Management LLC raised its position in OptiNose by 73.6% in the first quarter. Prelude Capital Management LLC now owns 125,000 shares of the company’s stock valued at $309,000 after purchasing an additional 53,000 shares during the period. 72.81% of the stock is currently owned by institutional investors.
About OptiNose (Get Rating)
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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