Olink Holding AB (publ) (NASDAQ:OLK – Get Free Report) issued its earnings results on Wednesday. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.07, Briefing.com reports. The business had revenue of $44.15 million during the quarter, compared to analysts’ expectations of $42.62 million. Olink Holding AB (publ) had a negative return on equity of 4.05% and a negative net margin of 11.72%.
Olink Holding AB (publ) Stock Up 0.2 %
Shares of NASDAQ:OLK opened at $25.83 on Friday. Olink Holding AB has a 1-year low of $14.10 and a 1-year high of $26.47. The company’s fifty day moving average is $19.52 and its two-hundred day moving average is $18.95. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.84 and a current ratio of 7.41. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of -184.49 and a beta of 0.60.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the company. Leerink Partnrs downgraded Olink Holding AB (publ) from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 17th. Scotiabank reiterated a “sector perform” rating on shares of Olink Holding AB (publ) in a research note on Wednesday, October 18th. Finally, Morgan Stanley boosted their target price on shares of Olink Holding AB (publ) from $18.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 24th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $24.75.
Hedge Funds Weigh In On Olink Holding AB (publ)
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rock Springs Capital Management LP increased its holdings in shares of Olink Holding AB (publ) by 1.4% in the 3rd quarter. Rock Springs Capital Management LP now owns 1,676,500 shares of the company’s stock worth $24,728,000 after acquiring an additional 22,500 shares during the period. Tower Research Capital LLC TRC bought a new position in Olink Holding AB (publ) in the 3rd quarter worth about $76,000. Trexquant Investment LP increased its stake in shares of Olink Holding AB (publ) by 23.0% in the third quarter. Trexquant Investment LP now owns 33,156 shares of the company’s stock valued at $489,000 after purchasing an additional 6,193 shares during the period. New York State Common Retirement Fund raised its holdings in shares of Olink Holding AB (publ) by 3.7% during the third quarter. New York State Common Retirement Fund now owns 67,166 shares of the company’s stock valued at $991,000 after buying an additional 2,368 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in shares of Olink Holding AB (publ) during the third quarter worth approximately $232,000. 32.25% of the stock is currently owned by institutional investors and hedge funds.
About Olink Holding AB (publ)
Olink Holding AB (publ) provides various products and services for the academic, government, biopharmaceutical, biotechnology, service provider, and other institutions that focuses on life science research. The company's products include Olink Explore for cardiovascular and metabolic, oncology, neurology, or inflammation diseases; Olink Target product line; Olink Flex, a low-plex applications and use-cases; and Olink Focus product line that consists of custom developed solutions for customers that has identified various proteins of interest or a protein signature to focus on.
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