Analysts Set $11.00 Price Target for Oncobiologics Inc (ONS)

Shares of Oncobiologics Inc (NASDAQ:ONS) have been given an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating. Oncobiologics’ rating score has declined by 200% from three months ago as a result of a number of analysts’ upgrades and downgrades.

Analysts have set a one year consensus target price of $11.00 for the company, according to Zacks. Zacks has also given Oncobiologics an industry rank of 196 out of 265 based on the ratings given to its competitors.

A number of brokerages have commented on ONS. ValuEngine raised shares of Oncobiologics from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd. Barclays downgraded shares of Oncobiologics from an “overweight” rating to an “equal weight” rating in a research note on Monday, January 29th.

In other news, CEO Pankaj Mohan sold 114,677 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $1.17, for a total value of $134,172.09. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Lawrence A. Kenyon sold 26,165 shares of the business’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $1.13, for a total transaction of $29,566.45. The disclosure for this sale can be found here. Insiders have sold 284,508 shares of company stock worth $328,317 over the last ninety days. 33.50% of the stock is owned by insiders.

An institutional investor recently raised its position in Oncobiologics stock. Sabby Management LLC increased its holdings in shares of Oncobiologics Inc (NASDAQ:ONS) by 5.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,365,763 shares of the company’s stock after buying an additional 127,293 shares during the period. Sabby Management LLC owned about 9.59% of Oncobiologics worth $2,371,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 17.90% of the company’s stock.

Shares of Oncobiologics (ONS) traded down $0.07 during mid-day trading on Wednesday, reaching $1.17. 8,621 shares of the company’s stock were exchanged, compared to its average volume of 63,922. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of -0.40. Oncobiologics has a one year low of $0.78 and a one year high of $3.77. The stock has a market capitalization of $29.17 and a P/E ratio of -0.69.

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Oncobiologics Company Profile

Oncobiologics, Inc is a clinical-stage biopharmaceutical company. The Company is focused on identifying, developing, manufacturing and commercializing biosimilar therapeutics. It is focused on monoclonal antibodies (mAbs) in the disease areas of immunology and oncology. The Company offers BioSymphony Platform.

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