Insider Buying: Jack W. Lasersohn Purchases 1,045 Shares of Oncomed Pharmaceuticals Stock (OMED)
Oncomed Pharmaceuticals (NASDAQ:OMED) Director Jack W. Lasersohn bought 1,045 shares of Oncomed Pharmaceuticals stock in a transaction dated Friday, August 15th. The shares were purchased at an average cost of $17.00 per share, with a total value of $17,765.00. Following the acquisition, the director now directly owns 1,045 shares of the company’s stock, valued at approximately $17,765. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Oncomed Pharmaceuticals (NASDAQ:OMED) traded down 0.42% on Tuesday, hitting $19.01. 100,566 shares of the company’s stock traded hands. Oncomed Pharmaceuticals has a 52-week low of $12.07 and a 52-week high of $42.34. The stock has a 50-day moving average of $21.30 and a 200-day moving average of $26.55. The company’s market cap is $565.7 million.
Oncomed Pharmaceuticals (NASDAQ:OMED) last announced its earnings results on Thursday, August 7th. The company reported ($0.53) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.03) by $0.50. The company had revenue of $6.00 million for the quarter, compared to the consensus estimate of $21.28 million. Analysts expect that Oncomed Pharmaceuticals will post $-1.35 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Oncomed Pharmaceuticals from a “neutral” rating to an “underperform” rating in a research note on Tuesday, August 12th. They now have a $15.00 price target on the stock. Analysts at Mizuho reiterated a “buy” rating on shares of Oncomed Pharmaceuticals in a research note on Friday, June 13th.
OncoMed Pharmaceuticals, Inc (NASDAQ:OMED) is a clinical development-stage biopharmaceutical company.
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