Zacks Investment Research Downgrades Auris Medical Holding AG (EARS) to Hold
Auris Medical Holding AG (NASDAQ:EARS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.
According to Zacks, “Auris Medical Holding AG is a biopharmaceutical company. It focuses on developing therapies for the treatment of hearing loss and tinnitus. The Company has two projects in advanced clinical development: AM-101 for the treatment of acute inner ear tinnitus and AM-111 for the treatment of acute inner ear hearing loss. Auris Medical Holding AG is headquartered in Zug, Switzerland. “
Separately, Roth Capital reiterated a “buy” rating and issued a $5.00 target price on shares of Auris Medical Holding AG in a research note on Saturday, July 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Auris Medical Holding AG has a consensus rating of “Hold” and a consensus price target of $3.25.
Auris Medical Holding AG (NASDAQ:EARS) last released its earnings results on Thursday, August 10th. The biotechnology company reported ($0.12) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.21) by $0.09. Analysts forecast that Auris Medical Holding AG will post ($0.63) EPS for the current fiscal year.
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A number of large investors have recently modified their holdings of the business. Virtu KCG Holdings LLC purchased a new stake in shares of Auris Medical Holding AG in the second quarter worth about $101,000. UBS Oconnor LLC purchased a new stake in shares of Auris Medical Holding AG in the first quarter worth about $909,000. Perceptive Advisors LLC purchased a new stake in shares of Auris Medical Holding AG in the first quarter worth about $368,000. Finally, Sabby Management LLC purchased a new stake in shares of Auris Medical Holding AG in the first quarter worth about $133,000. Hedge funds and other institutional investors own 28.38% of the company’s stock.
About Auris Medical Holding AG
Auris Medical Holding AG is a holding and clinical-stage biopharmaceutical company focused on the development of products for the treatment of inner ear disorders. Its advanced product candidate, AM-101, is in Phase III clinical development for acute inner ear tinnitus under a special protocol assessment (SPA) from the United States Food and Drug Administration.
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