Kala Pharmaceuticals Inc (NASDAQ:KALA) was the recipient of some unusual options trading activity on Thursday. Traders purchased 2,000 put options on the company. This is an increase of approximately 1,823% compared to the average daily volume of 104 put options.
A number of analysts have issued reports on KALA shares. Zacks Investment Research downgraded shares of Kala Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Tuesday, March 26th. BidaskClub raised shares of Kala Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Wednesday, February 20th. Oppenheimer started coverage on shares of Kala Pharmaceuticals in a report on Wednesday, April 24th. They issued an “outperform” rating and a $11.00 price objective for the company. Finally, Jefferies Financial Group started coverage on shares of Kala Pharmaceuticals in a report on Thursday, March 14th. They issued a “buy” rating and a $15.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $19.21.
Shares of Kala Pharmaceuticals stock opened at $5.96 on Friday. Kala Pharmaceuticals has a 1-year low of $4.03 and a 1-year high of $17.09. The company has a quick ratio of 10.17, a current ratio of 10.30 and a debt-to-equity ratio of 0.86. The company has a market cap of $201.94 million, a PE ratio of -2.40 and a beta of 1.64.
Several institutional investors have recently modified their holdings of KALA. RA Capital Management LLC lifted its holdings in shares of Kala Pharmaceuticals by 114.7% during the 4th quarter. RA Capital Management LLC now owns 4,537,478 shares of the company’s stock worth $22,188,000 after acquiring an additional 2,424,242 shares during the period. Athyrium Capital Management LP bought a new stake in shares of Kala Pharmaceuticals during the 4th quarter worth approximately $6,520,000. Sofinnova Investments Inc. lifted its holdings in shares of Kala Pharmaceuticals by 365.8% during the 4th quarter. Sofinnova Investments Inc. now owns 445,516 shares of the company’s stock worth $2,178,000 after acquiring an additional 349,861 shares during the period. BlackRock Inc. lifted its holdings in shares of Kala Pharmaceuticals by 29.2% during the 4th quarter. BlackRock Inc. now owns 1,427,672 shares of the company’s stock worth $6,980,000 after acquiring an additional 322,311 shares during the period. Finally, Fosun International Ltd bought a new stake in shares of Kala Pharmaceuticals during the 4th quarter worth approximately $1,208,000. 67.92% of the stock is owned by institutional investors.
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Kala Pharmaceuticals Company Profile
Kala Pharmaceuticals, Inc, a biopharmaceutical company, focuses on the development and commercialization of therapies using its proprietary nanoparticle-based Mucus Penetrating Particles (MPP) technology for the treatment of eye diseases. The company's lead product candidate is KPI-121 0.25% which has completed two Phase III clinical trials for the treatment of temporary relief of the signs and symptoms of dry eye disease; INVELTYS which has completed two Phase III clinical trials for the treatment of inflammation and pain following ocular surgery; and KPI-285, a MPP receptor tyrosine kinase inhibitor program, which is in preclinical studies for the treatment of retinal diseases.
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