BioLineRx Ltd. (BLRX) Lifted to “Hold” at Zacks Investment Research
Zacks Investment Research upgraded shares of BioLineRx Ltd. (NASDAQ:BLRX) from a sell rating to a hold rating in a research report released on Wednesday.
According to Zacks, “Bioline RX Ltd. is a biopharmaceutical development company. BioLineRx is dedicated to building a portfolio of products for unmet medical needs or with advantages over currently available therapies. The Company’s portfolio consists of clinical stage candidates including BL-1020 for schizophrenia , BL-1040, for treatment of patients following a myocardial infarction, BL-5010 for non-surgical removal of skin lesions, BL-1021 for neuropathic pain and BL-7040 for treating Inflammatory Bowel Disease. In addition, BioLineRx has many products in various pre-clinical development stages for a variety of indications, including central nervous system diseases, oncology, infectious diseases, cardiovascular and autoimmune diseases. “
Other analysts have also recently issued research reports about the stock. Oppenheimer Holdings, Inc. restated a buy rating and set a $3.00 target price on shares of BioLineRx in a research note on Tuesday, September 12th. HC Wainwright set a $4.00 target price on shares of BioLineRx and gave the stock a buy rating in a research note on Wednesday, August 9th. Roth Capital set a $3.00 target price on shares of BioLineRx and gave the stock a buy rating in a research note on Wednesday, August 9th. Maxim Group set a $3.00 target price on shares of BioLineRx and gave the stock a buy rating in a research note on Tuesday, August 8th. Finally, ValuEngine upgraded shares of BioLineRx from a sell rating to a hold rating in a research note on Monday, July 17th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $2.83.
BioLineRx (NASDAQ:BLRX) opened at 1.12 on Wednesday. The firm’s market cap is $107.09 million. BioLineRx has a 12 month low of $0.80 and a 12 month high of $1.42. The stock’s 50 day moving average is $1.08 and its 200-day moving average is $0.96.
BioLineRx (NASDAQ:BLRX) last posted its earnings results on Tuesday, August 8th. The biotechnology company reported ($0.05) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.05). On average, analysts anticipate that BioLineRx will post ($0.24) earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. Sabby Management LLC acquired a new stake in shares of BioLineRx during the 1st quarter worth about $3,018,000. KCG Holdings Inc. raised its stake in BioLineRx by 715.9% in the 1st quarter. KCG Holdings Inc. now owns 175,156 shares of the biotechnology company’s stock worth $168,000 after purchasing an additional 153,687 shares in the last quarter. Citadel Advisors LLC raised its stake in BioLineRx by 443.4% in the 1st quarter. Citadel Advisors LLC now owns 105,986 shares of the biotechnology company’s stock worth $102,000 after purchasing an additional 86,481 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in BioLineRx in the 1st quarter worth about $126,000. Institutional investors own 32.27% of the company’s stock.
BioLineRx Company Profile
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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