Equities analysts forecast that Organovo Holdings, Inc. (NASDAQ:ONVO) will announce earnings of ($0.10) per share for the current quarter, Zacks reports. Two analysts have provided estimates for Organovo Holdings’ earnings. Organovo Holdings posted earnings of ($0.09) per share in the same quarter last year, which suggests a negative year-over-year growth rate of 11.1%. The company is scheduled to report its next earnings report after the market closes on Wednesday, August 9th.

According to Zacks, analysts expect that Organovo Holdings will report full-year earnings of ($0.39) per share for the current fiscal year. For the next financial year, analysts forecast that the company will post earnings of ($0.34) per share, with EPS estimates ranging from ($0.38) to ($0.31). Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Organovo Holdings.

Organovo Holdings (NASDAQ:ONVO) last posted its quarterly earnings data on Wednesday, June 7th. The company reported ($0.10) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.01. Organovo Holdings had a negative net margin of 908.91% and a negative return on equity of 63.92%. The business had revenue of $0.80 million for the quarter, compared to analyst estimates of $0.76 million. The company’s quarterly revenue was up 700.0% compared to the same quarter last year.

A number of research firms recently weighed in on ONVO. Jefferies Group LLC reissued a “buy” rating and set a $4.00 price target on shares of Organovo Holdings in a research note on Thursday, July 27th. BidaskClub downgraded shares of Organovo Holdings from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Evercore ISI reissued an “outperform” rating and set a $3.75 price target (down from $4.00) on shares of Organovo Holdings in a research note on Friday, June 9th. Finally, Zacks Investment Research raised shares of Organovo Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, April 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $6.20.

Organovo Holdings (NASDAQ:ONVO) traded down 0.45% on Monday, hitting $2.20. 561,428 shares of the company were exchanged. Organovo Holdings has a one year low of $2.16 and a one year high of $4.99. The stock has a 50 day moving average price of $2.57 and a 200 day moving average price of $2.92.

Large investors have recently modified their holdings of the stock. Edmond DE Rothschild Holding S.A. increased its stake in shares of Organovo Holdings by 191.7% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 35,000 shares of the company’s stock valued at $111,000 after buying an additional 23,000 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Organovo Holdings by 32.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 385,659 shares of the company’s stock valued at $1,227,000 after buying an additional 95,177 shares during the last quarter. KCG Holdings Inc. increased its stake in shares of Organovo Holdings by 139.3% in the first quarter. KCG Holdings Inc. now owns 144,501 shares of the company’s stock valued at $460,000 after buying an additional 84,126 shares during the last quarter. UBS Group AG increased its stake in shares of Organovo Holdings by 31.3% in the first quarter. UBS Group AG now owns 1,289,100 shares of the company’s stock valued at $4,099,000 after buying an additional 306,982 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Organovo Holdings by 44.6% in the first quarter. Geode Capital Management LLC now owns 955,299 shares of the company’s stock valued at $3,037,000 after buying an additional 294,861 shares during the last quarter. 22.77% of the stock is owned by hedge funds and other institutional investors.

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