Victory Capital Management Inc. bought a new stake in Kala Pharmaceuticals, Inc. (NASDAQ:KALA) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 543,525 shares of the company’s stock, valued at approximately $12,414,000. Victory Capital Management Inc. owned 2.24% of Kala Pharmaceuticals as of its most recent SEC filing.

Shares of Kala Pharmaceuticals, Inc. (KALA) opened at $19.94 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 11.00 and a quick ratio of 11.00. Kala Pharmaceuticals, Inc. has a one year low of $13.51 and a one year high of $26.75.

Kala Pharmaceuticals (NASDAQ:KALA) last posted its quarterly earnings data on Tuesday, November 7th. The company reported ($0.56) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.42) by ($0.14). sell-side analysts anticipate that Kala Pharmaceuticals, Inc. will post -2.08 earnings per share for the current fiscal year.

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A number of brokerages recently issued reports on KALA. Oppenheimer Holdings, Inc. began coverage on Kala Pharmaceuticals in a research report on Tuesday, August 15th. They issued an “outperform” rating and a $46.00 target price for the company. Zacks Investment Research cut Kala Pharmaceuticals from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Bank of America Corporation began coverage on Kala Pharmaceuticals in a research report on Monday, August 14th. They issued a “buy” rating and a $33.00 target price for the company. Wedbush initiated coverage on Kala Pharmaceuticals in a research report on Monday, August 14th. They issued an “outperform” rating and a $46.00 target price for the company. Finally, J P Morgan Chase & Co initiated coverage on Kala Pharmaceuticals in a research note on Monday, August 14th. They set an “overweight” rating and a $35.00 price objective for the company. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. Kala Pharmaceuticals presently has a consensus rating of “Buy” and a consensus price target of $36.80.

Kala Pharmaceuticals Profile

Kala Pharmaceuticals, Inc is a biopharmaceutical company focused on the development and commercialization of therapeutics through its nanoparticle-based Mucus Penetrating Particles, or MPP, technology. The Company’s initial focus is on the treatment of eye diseases. The Company’s product candidate includes KPI-121 1%, KPI-121 0.25% and MPP rTKI Program.

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Institutional Ownership by Quarter for Kala Pharmaceuticals (NASDAQ:KALA)

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