OptiNose (OPTN) Announces Quarterly Earnings Results

OptiNose (NASDAQ:OPTN) issued its earnings results on Thursday. The company reported ($0.70) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.71) by $0.01, MarketWatch Earnings reports. The firm had revenue of $4.48 million during the quarter, compared to the consensus estimate of $4.35 million. OptiNose had a negative return on equity of 73.97% and a negative net margin of 983.22%.

NASDAQ OPTN traded up $0.33 during trading on Friday, hitting $9.58. 172,236 shares of the company’s stock were exchanged, compared to its average volume of 135,278. The company has a current ratio of 8.28, a quick ratio of 8.01 and a debt-to-equity ratio of 0.61. The company has a market cap of $381.70 million, a price-to-earnings ratio of -3.57 and a beta of 0.78. OptiNose has a fifty-two week low of $5.66 and a fifty-two week high of $30.00.

Several research analysts have commented on the company. Cantor Fitzgerald reissued a “buy” rating and set a $27.00 target price on shares of OptiNose in a research note on Thursday. Piper Jaffray Companies set a $29.00 target price on OptiNose and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Royal Bank of Canada lowered their target price on OptiNose to $25.00 and set an “outperform” rating for the company in a research note on Thursday, March 7th. Finally, Zacks Investment Research downgraded OptiNose from a “hold” rating to a “sell” rating in a research note on Wednesday, February 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. OptiNose presently has an average rating of “Buy” and a consensus price target of $27.80.

Institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its stake in shares of OptiNose by 1,569.2% in the first quarter. BNP Paribas Arbitrage SA now owns 4,006 shares of the company’s stock valued at $41,000 after buying an additional 3,766 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of OptiNose in the fourth quarter valued at approximately $45,000. Stifel Financial Corp acquired a new position in shares of OptiNose in the fourth quarter valued at approximately $63,000. Two Sigma Advisers LP acquired a new position in shares of OptiNose in the fourth quarter valued at approximately $135,000. Finally, Rhumbline Advisers increased its stake in shares of OptiNose by 58.5% in the fourth quarter. Rhumbline Advisers now owns 23,709 shares of the company’s stock valued at $147,000 after buying an additional 8,748 shares during the period. 56.92% of the stock is owned by institutional investors.

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OptiNose Company Profile

OptiNose, Inc, a specialty pharmaceutical company, focuses on the development and commercialization of products for patients treated by ear, nose, and throat; and allergy specialists in the United States. The company offers XHANCE, a therapeutic product utilizing its proprietary optinose exhalation delivery system that delivers a topically-acting and anti-inflammatory corticosteroid for the treatment of chronic rhinosinusitis with and without nasal polyps.

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Earnings History for OptiNose (NASDAQ:OPTN)

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