Insider Buying: Opko Health CEO Phillip Md Et Al Frost Buys 10,000 Shares of Stock (OPK)
Opko Health (NYSE:OPK) CEO Phillip Md Et Al Frost acquired 10,000 shares of Opko Health stock in a transaction dated Tuesday, August 19th. The shares were purchased at an average price of $9.06 per share, for a total transaction of $90,600.00. Following the transaction, the chief executive officer now directly owns 2,012,377 shares in the company, valued at approximately $18,232,136. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Opko Health (NYSE:OPK) traded down 0.77% on Wednesday, hitting $8.99. The stock had a trading volume of 446,214 shares. Opko Health has a 52-week low of $7.32 and a 52-week high of $12.95. The stock has a 50-day moving average of $8.92 and a 200-day moving average of $8.82. The company’s market cap is $3.858 billion.
Opko Health (NYSE:OPK) last released its earnings data on Monday, August 11th. The company reported ($0.06) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.09) by $0.03. The company had revenue of $23.50 million for the quarter, compared to the consensus estimate of $23.70 million. During the same quarter last year, the company posted ($0.01) earnings per share. Opko Health’s revenue was down 1.3% compared to the same quarter last year. On average, analysts predict that Opko Health will post $-0.31 earnings per share for the current fiscal year.
OPK has been the subject of a number of recent research reports. Analysts at Jefferies Group reiterated a “buy” rating on shares of Opko Health in a research note on Wednesday, August 13th. They now have a $10.50 price target on the stock, down previously from $11.00. Finally, analysts at TheStreet upgraded shares of Opko Health from a “sell” rating to a “hold” rating in a research note on Friday, May 30th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Opko Health has an average rating of “Buy” and a consensus target price of $12.00.
OPKO Health, Inc (NYSE:OPK) is a multi-national biopharmaceutical and diagnostics company.
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