BioLineRx Ltd. (BLRX) Posts Quarterly Earnings Results
BioLineRx Ltd. (NASDAQ:BLRX) posted its earnings results on Tuesday. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by $0.01.
Shares of BioLineRx (NASDAQ:BLRX) opened at 1.05 on Thursday. BioLineRx has a 12 month low of $0.71 and a 12 month high of $1.63. The company has a 50 day moving average price of $1.06 and a 200-day moving average price of $0.94.
A number of large investors have recently bought and sold shares of BLRX. Senvest Management LLC increased its stake in BioLineRx by 25.4% in the third quarter. Senvest Management LLC now owns 4,443,500 shares of the company’s stock worth $5,110,000 after buying an additional 900,200 shares during the period. KCG Holdings Inc. increased its stake in BioLineRx by 414.1% in the third quarter. KCG Holdings Inc. now owns 151,029 shares of the company’s stock worth $174,000 after buying an additional 121,650 shares during the period. Finally, Morgan Stanley increased its stake in BioLineRx by 13.8% in the third quarter. Morgan Stanley now owns 551,122 shares of the company’s stock worth $634,000 after buying an additional 66,900 shares during the period. 14.35% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have issued reports on the company. Maxim Group set a $1.00 target price on BioLineRx and gave the stock a “hold” rating in a research report on Tuesday. S&P Equity Research dropped their target price on BioLineRx from $1.24 to $1.10 in a research report on Friday, September 23rd. Roth Capital restated a “buy” rating and set a $7.00 target price on shares of BioLineRx in a research report on Sunday, August 14th. Finally, Zacks Investment Research downgraded BioLineRx from a “buy” rating to a “hold” rating in a research report on Tuesday, October 11th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $2.68.
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BioLine RX Ltd is an Israel-based company engaged in the development of therapeutics, from preclinical-stage development to advanced clinical trials, for a range of medical needs. Its clinical therapeutic candidates under development consist of BL-1020 that is in Phase II/III clinical trials to improve cognitive function in schizophrenia patients; BL-1040, which is under pivotal CE-Mark registration trial for the prevention of cardiac remodeling following an acute myocardial infarction; BL-5010, which has completed Phase I/II clinical trials for non-surgical removal of skin lesions; BL-1021 that has completed Phase Ia clinical trial for the treatment of neuropathic pain or pain that results from damage to nerve fibers, and BL-7040, a synthetic oligonucleotide, which is in Phase II clinical trial for the treatment of inflammatory bowel disease.
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