Oramed Pharmaceuticals (NASDAQ:ORMP) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a report released on Tuesday.

Separately, HC Wainwright reiterated a “buy” rating and set a $25.00 price target on shares of Oramed Pharmaceuticals in a report on Thursday, October 5th.

Shares of Oramed Pharmaceuticals (NASDAQ:ORMP) traded down $0.77 during midday trading on Tuesday, hitting $7.94. 240,448 shares of the stock were exchanged, compared to its average volume of 43,205. Oramed Pharmaceuticals has a 1-year low of $5.82 and a 1-year high of $11.34.

Several hedge funds and other institutional investors have recently modified their holdings of ORMP. Susquehanna International Group LLP purchased a new stake in shares of Oramed Pharmaceuticals during the third quarter worth about $185,000. Virtu KCG Holdings LLC purchased a new stake in shares of Oramed Pharmaceuticals during the second quarter worth about $125,000. PNC Financial Services Group Inc. grew its holdings in shares of Oramed Pharmaceuticals by 53.5% during the third quarter. PNC Financial Services Group Inc. now owns 21,200 shares of the biotechnology company’s stock worth $154,000 after buying an additional 7,393 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Oramed Pharmaceuticals by 4.4% during the second quarter. Wells Fargo & Company MN now owns 14,725 shares of the biotechnology company’s stock worth $114,000 after buying an additional 625 shares in the last quarter. Institutional investors and hedge funds own 2.18% of the company’s stock.

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Oramed Pharmaceuticals Company Profile

Oramed Pharmaceuticals Inc (Oramed) is engaged in the field of oral delivery solutions for drugs and vaccines presently delivered via injection. Oramed’s flagship product, an orally ingestible insulin capsule in phase II clinical trials, is focused on the treatment of diabetes. The Company is developing orally ingestible protein oral delivery (POD) technology for the delivery of drugs presently administered by way of injection.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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