Alimera Sciences, Inc. (NASDAQ:ALIM)‘s stock had its “buy” rating restated by HC Wainwright in a research report issued on Wednesday. They presently have a $5.00 target price on the biopharmaceutical company’s stock. HC Wainwright’s price target would indicate a potential upside of 257.14% from the stock’s current price.

ALIM has been the subject of several other reports. Cowen and Company set a $3.00 price objective on Alimera Sciences and gave the company a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research downgraded Alimera Sciences from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Finally, ValuEngine downgraded Alimera Sciences from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $3.38.

Shares of Alimera Sciences (NASDAQ:ALIM) opened at 1.39 on Wednesday. The stock has a 50 day moving average price of $1.46 and a 200-day moving average price of $1.42. Alimera Sciences has a 52 week low of $1.03 and a 52 week high of $1.72. The firm’s market capitalization is $95.98 million.

Alimera Sciences (NASDAQ:ALIM) last released its quarterly earnings data on Wednesday, August 2nd. The biopharmaceutical company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.01. The firm had revenue of $10.40 million during the quarter, compared to analysts’ expectations of $10.20 million. During the same period in the previous year, the business earned ($0.17) earnings per share. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, analysts anticipate that Alimera Sciences will post ($0.21) EPS for the current year.

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A number of institutional investors have recently added to or reduced their stakes in the stock. Kennedy Capital Management Inc. purchased a new position in Alimera Sciences during the first quarter valued at $467,000. KCG Holdings Inc. boosted its stake in shares of Alimera Sciences by 127.0% in the first quarter. KCG Holdings Inc. now owns 78,604 shares of the biopharmaceutical company’s stock worth $110,000 after buying an additional 43,977 shares during the period. JW Asset Management LLC boosted its stake in shares of Alimera Sciences by 15.6% in the second quarter. JW Asset Management LLC now owns 966,000 shares of the biopharmaceutical company’s stock worth $1,343,000 after buying an additional 130,000 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Alimera Sciences by 24.3% in the second quarter. PNC Financial Services Group Inc. now owns 180,300 shares of the biopharmaceutical company’s stock worth $251,000 after buying an additional 35,200 shares during the period. 37.20% of the stock is owned by hedge funds and other institutional investors.

About Alimera Sciences

Alimera Sciences, Inc (Alimera) is a pharmaceutical company. The Company is engaged in the research, development and commercialization of prescription ophthalmic pharmaceuticals. The Company operates through two segments: U.S. and International. The Company focuses on diseases affecting the back of the eye or retina.

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