Insider Buying: Ovascience Director Buys 2,000 Shares of Stock (OVAS)
Ovascience (NASDAQ:OVAS) Director Richard Aldrich purchased 2,000 shares of the stock in a transaction that occurred on Monday, June 30th. The shares were purchased at an average cost of $9.16 per share, for a total transaction of $18,320.00. Following the purchase, the director now directly owns 526,445 shares of the company’s stock, valued at approximately $4,822,236. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on OVAS. Analysts at HC Wainwright reiterated a “buy” rating on shares of Ovascience in a research note on Monday, May 12th. Analysts at Oppenheimer initiated coverage on shares of Ovascience in a research note on Tuesday, April 29th. They set an “outperform” rating and a $11.00 price target on the stock.
Shares of Ovascience (NASDAQ:OVAS) opened at 9.44 on Friday. Ovascience has a one year low of $5.509 and a one year high of $15.75. The stock’s 50-day moving average is $8.13 and its 200-day moving average is $8.90. The company’s market cap is $220.4 million.
Ovascience (NASDAQ:OVAS) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.41) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.46) by $0.05. On average, analysts predict that Ovascience will post $-1.92 earnings per share for the current fiscal year.
OvaScience, Inc, is a life science company developing products to improve the treatment of female infertility based on recent scientific discoveries about the existence of egg precursor cells.
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