Ohr Pharmaceuticals, Inc. (NASDAQ:OHRP) has been given a $10.00 price target by investment analysts at HC Wainwright in a note issued to investors on Wednesday. The brokerage presently has a “buy” rating on the biotechnology company’s stock.

Separately, Zacks Investment Research raised Ohr Pharmaceuticals from a “hold” rating to a “buy” rating and set a $0.75 target price on the stock in a report on Tuesday, July 18th.

Shares of Ohr Pharmaceuticals (NASDAQ OHRP) opened at 0.61 on Wednesday. Ohr Pharmaceuticals has a 52-week low of $0.56 and a 52-week high of $4.05. The stock has a 50 day moving average price of $0.63 and a 200 day moving average price of $0.77. The company’s market capitalization is $34.29 million.

Ohr Pharmaceuticals (NASDAQ:OHRP) last posted its earnings results on Tuesday, August 8th. The biotechnology company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.18. On average, analysts predict that Ohr Pharmaceuticals will post ($0.95) earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. Opaleye Management Inc. acquired a new position in Ohr Pharmaceuticals during the first quarter worth $1,175,000. Sabby Management LLC increased its stake in Ohr Pharmaceuticals by 30.5% in the first quarter. Sabby Management LLC now owns 1,509,315 shares of the biotechnology company’s stock valued at $1,253,000 after buying an additional 352,922 shares during the period. Cannell Peter B & Co. Inc. purchased a new stake in Ohr Pharmaceuticals during the second quarter valued at about $187,000. Knoll Capital Management LP purchased a new stake in Ohr Pharmaceuticals during the third quarter valued at about $568,000. Finally, Renaissance Technologies LLC increased its stake in Ohr Pharmaceuticals by 242.3% in the first quarter. Renaissance Technologies LLC now owns 229,709 shares of the biotechnology company’s stock valued at $191,000 after buying an additional 162,600 shares during the period. 8.31% of the stock is currently owned by institutional investors and hedge funds.

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