Zacks: Ohr Pharmaceuticals, Inc. (OHRP) Given Consensus Recommendation of “Strong Buy” by Brokerages

Shares of Ohr Pharmaceuticals, Inc. (NASDAQ:OHRP) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Analysts have set a twelve-month consensus price target of $7.00 for the company and are anticipating that the company will post ($0.07) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Ohr Pharmaceuticals an industry rank of 158 out of 265 based on the ratings given to related companies.

Several research firms have commented on OHRP. ValuEngine downgraded Ohr Pharmaceuticals from a “sell” rating to a “strong sell” rating in a report on Friday. Roth Capital downgraded Ohr Pharmaceuticals from a “buy” rating to a “neutral” rating and set a $7.00 price objective on the stock. in a report on Friday. Finally, Zacks Investment Research downgraded Ohr Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Thursday, October 26th.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Garrison Bradford & Associates Inc. increased its holdings in Ohr Pharmaceuticals by 482.4% during the 3rd quarter. Garrison Bradford & Associates Inc. now owns 497,415 shares of the biotechnology company’s stock worth $358,000 after purchasing an additional 412,000 shares during the period. Wedbush Securities Inc. purchased a new position in Ohr Pharmaceuticals during the 3rd quarter worth $311,000. Finally, Vanguard Group Inc. increased its holdings in Ohr Pharmaceuticals by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 812,418 shares of the biotechnology company’s stock worth $520,000 after purchasing an additional 5,481 shares during the period. Institutional investors own 8.25% of the company’s stock.

Ohr Pharmaceuticals (OHRP) opened at $0.38 on Friday. The company has a market capitalization of $3.95, a price-to-earnings ratio of -0.64 and a beta of 0.48. Ohr Pharmaceuticals has a fifty-two week low of $0.35 and a fifty-two week high of $2.18.

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Ohr Pharmaceuticals Company Profile

OHR Pharmaceutical, Inc, a pharmaceutical company, focuses on the development of novel therapeutics and delivery technologies for the treatment of ocular disease. Its lead clinical program is topical Squalamine, a small molecule anti-angiogenic drug, which could provide a non-invasive therapy to enhance vision outcomes.

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