Alimera Sciences (NASDAQ:ALIM – Get Free Report) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Monday.
Separately, Maxim Group initiated coverage on shares of Alimera Sciences in a report on Monday, March 25th. They set a “buy” rating and a $10.00 target price for the company.
View Our Latest Research Report on ALIM
Alimera Sciences Stock Performance
Alimera Sciences (NASDAQ:ALIM – Get Free Report) last issued its earnings results on Thursday, March 7th. The biopharmaceutical company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.09). The firm had revenue of $26.31 million during the quarter, compared to analyst estimates of $25.10 million. Alimera Sciences had a negative net margin of 24.93% and a negative return on equity of 130.90%. During the same quarter in the prior year, the firm posted ($0.54) EPS. As a group, equities research analysts anticipate that Alimera Sciences will post 0.03 earnings per share for the current year.
Institutional Trading of Alimera Sciences
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Stonepine Capital Management LLC raised its stake in Alimera Sciences by 0.4% in the fourth quarter. Stonepine Capital Management LLC now owns 3,999,459 shares of the biopharmaceutical company’s stock valued at $17,278,000 after buying an additional 15,773 shares during the period. Worth Venture Partners LLC bought a new stake in Alimera Sciences in the 3rd quarter valued at $1,840,000. Finally, AIGH Capital Management LLC acquired a new stake in Alimera Sciences during the 3rd quarter valued at $7,355,000. Institutional investors own 99.83% of the company’s stock.
Alimera Sciences Company Profile
Alimera Sciences, Inc, a pharmaceutical company, develops and commercializes prescription ophthalmic retinal pharmaceuticals. It operates through United States, International, and Operating Cost segments. The company offers ILUVIEN, a fluocinolone acetonide intravitreal implant for the treatment of diabetic macular edema (DME), which is a disease of the retina that affects individuals with diabetes and can lead to severe vision loss and blindness; and to prevent relapse in recurrent non-infectious uveitis affecting the posterior segment of the eye (NIU-PS).
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