Alimera Sciences, Inc. (ALIM) Upgraded to Sell by ValuEngine
Alimera Sciences, Inc. (NASDAQ:ALIM) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Friday.
A number of other equities research analysts have also recently issued reports on ALIM. Cowen and Company set a $3.00 target price on Alimera Sciences and gave the company a “buy” rating in a research note on Thursday, August 3rd. HC Wainwright set a $5.00 target price on Alimera Sciences and gave the company a “buy” rating in a research note on Wednesday, July 26th. Finally, Zacks Investment Research cut Alimera Sciences from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $3.38.
Alimera Sciences (ALIM) remained flat at $1.38 during trading on Friday. The company’s stock had a trading volume of 74,441 shares. The stock’s 50 day moving average price is $1.37 and its 200 day moving average price is $1.42. The company’s market cap is $95.29 million. Alimera Sciences has a 52 week low of $1.03 and a 52 week high of $1.72.
Alimera Sciences (NASDAQ:ALIM) last posted its earnings results on Wednesday, August 2nd. The biopharmaceutical company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The company had revenue of $10.40 million during the quarter, compared to the consensus estimate of $10.20 million. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.17) earnings per share. Equities research analysts anticipate that Alimera Sciences will post ($0.21) earnings per share for the current year.
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Several institutional investors and hedge funds have recently modified their holdings of ALIM. Kennedy Capital Management Inc. acquired a new position in shares of Alimera Sciences during the first quarter valued at $467,000. KCG Holdings Inc. increased its holdings in shares of Alimera Sciences by 127.0% during the first quarter. KCG Holdings Inc. now owns 78,604 shares of the biopharmaceutical company’s stock valued at $110,000 after purchasing an additional 43,977 shares during the period. JW Asset Management LLC increased its holdings in shares of Alimera Sciences by 15.6% during the second quarter. JW Asset Management LLC now owns 966,000 shares of the biopharmaceutical company’s stock valued at $1,343,000 after purchasing an additional 130,000 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Alimera Sciences by 24.3% during the second quarter. PNC Financial Services Group Inc. now owns 180,300 shares of the biopharmaceutical company’s stock valued at $251,000 after purchasing an additional 35,200 shares during the period. 37.20% of the stock is currently owned by institutional investors.
Alimera Sciences Company Profile
Alimera Sciences, Inc (Alimera) is a pharmaceutical company. The Company is engaged in the research, development and commercialization of prescription ophthalmic pharmaceuticals. The Company operates through two segments: U.S. and International. The Company focuses on diseases affecting the back of the eye or retina.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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