Organovo Holdings, Inc. (NASDAQ:ONVO)‘s stock had its “buy” rating restated by equities researchers at Jefferies Group LLC in a report issued on Tuesday. They presently have a $4.00 price objective on the stock. Jefferies Group LLC’s price objective suggests a potential upside of 100.00% from the company’s current price.

A number of other brokerages have also recently issued reports on ONVO. Evercore ISI restated an “outperform” rating and set a $3.75 target price (down previously from $4.00) on shares of Organovo Holdings in a report on Friday, June 9th. BidaskClub cut Organovo Holdings from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Finally, ValuEngine cut Organovo Holdings from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $6.20.

Shares of Organovo Holdings (ONVO) opened at 2.15 on Tuesday. The company’s market capitalization is $224.86 million. The firm has a 50-day moving average of $2.08 and a 200 day moving average of $2.61. Organovo Holdings has a 12 month low of $1.75 and a 12 month high of $4.14.

Organovo Holdings (NASDAQ:ONVO) last posted its quarterly earnings results on Wednesday, August 9th. The company reported ($0.10) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.10). Organovo Holdings had a negative return on equity of 65.49% and a negative net margin of 918.97%. The business had revenue of $0.99 million for the quarter, compared to analysts’ expectations of $0.92 million. The business’s quarterly revenue was up 11.1% on a year-over-year basis. On average, equities research analysts expect that Organovo Holdings will post ($0.39) earnings per share for the current fiscal year.

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Institutional investors have recently made changes to their positions in the stock. Edmond DE Rothschild Holding S.A. raised its position in Organovo Holdings by 191.7% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 35,000 shares of the company’s stock valued at $111,000 after buying an additional 23,000 shares during the last quarter. Bank of America Corp DE raised its position in Organovo Holdings by 34.0% in the 1st quarter. Bank of America Corp DE now owns 35,311 shares of the company’s stock valued at $113,000 after buying an additional 8,967 shares during the last quarter. Voya Investment Management LLC raised its position in Organovo Holdings by 18.8% in the 2nd quarter. Voya Investment Management LLC now owns 52,032 shares of the company’s stock valued at $137,000 after buying an additional 8,225 shares during the last quarter. American International Group Inc. raised its position in Organovo Holdings by 7.9% in the 1st quarter. American International Group Inc. now owns 53,431 shares of the company’s stock valued at $170,000 after buying an additional 3,920 shares during the last quarter. Finally, Nationwide Fund Advisors raised its position in Organovo Holdings by 12.7% in the 1st quarter. Nationwide Fund Advisors now owns 60,565 shares of the company’s stock valued at $193,000 after buying an additional 6,802 shares during the last quarter. 23.94% of the stock is currently owned by institutional investors and hedge funds.

Organovo Holdings Company Profile

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