pSivida Corp. (PSDV) to Post Q3 2018 Earnings of ($0.14) Per Share, B. Riley Forecasts

pSivida Corp. (NASDAQ:PSDV) – Investment analysts at B. Riley lifted their Q3 2018 earnings per share (EPS) estimates for shares of pSivida in a research report issued to clients and investors on Thursday. B. Riley analyst A. D’silva now expects that the company will post earnings per share of ($0.14) for the quarter, up from their previous estimate of ($0.15). B. Riley currently has a “Buy” rating and a $5.00 target price on the stock. B. Riley also issued estimates for pSivida’s Q4 2018 earnings at ($0.12) EPS and FY2018 earnings at ($0.54) EPS.

pSivida (NASDAQ:PSDV) last posted its quarterly earnings results on Wednesday, February 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.02. The business had revenue of $0.93 million during the quarter, compared to analysts’ expectations of $0.48 million. pSivida had a negative net margin of 882.37% and a negative return on equity of 198.23%.

PSDV has been the topic of several other research reports. ValuEngine lowered shares of pSivida from a “sell” rating to a “strong sell” rating in a research report on Friday, December 1st. HC Wainwright set a $5.00 target price on shares of pSivida and gave the company a “buy” rating in a research report on Friday, December 15th. Northland Securities reiterated a “buy” rating and issued a $10.00 target price on shares of pSivida in a research report on Monday, December 11th. Finally, Laidlaw assumed coverage on shares of pSivida in a research report on Wednesday, November 8th. They issued a “buy” rating and a $5.00 target price on the stock. One research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the stock. pSivida currently has an average rating of “Buy” and an average price target of $7.57.

pSivida (NASDAQ:PSDV) opened at $1.04 on Monday. pSivida has a fifty-two week low of $0.93 and a fifty-two week high of $2.45. The stock has a market cap of $47.07, a price-to-earnings ratio of -1.76 and a beta of 1.26.

An institutional investor recently bought a new position in pSivida stock. OxFORD Asset Management LLP purchased a new stake in pSivida Corp. (NASDAQ:PSDV) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 69,004 shares of the company’s stock, valued at approximately $118,000. OxFORD Asset Management LLP owned 0.18% of pSivida as of its most recent filing with the SEC. 9.70% of the stock is currently owned by institutional investors.

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About pSivida

pSivida Corp. develops drug delivery products primarily for the treatment of chronic eye diseases. The Company operates through the biotechnology sector segment. The Company has developed three products for treatment of back-of-the-eye diseases, which include Medidur for posterior segment uveitis, its lead product candidate that is in pivotal Phase III clinical trials; ILUVIEN for diabetic macular edema (DME), its lead licensed product that is sold in the United States and European Union (EU) countries, and Retisert.

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