Ohr Pharmaceuticals, Inc. (NASDAQ:OHRP) has received a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation. Ohr Pharmaceuticals’ rating score has declined by 200% from three months ago as a result of various analysts’ ratings changes.

Analysts have set a 1-year consensus price target of $0.40 for the company, according to Zacks. Zacks has also assigned Ohr Pharmaceuticals an industry rank of 169 out of 265 based on the ratings given to related companies.

OHRP has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Ohr Pharmaceuticals from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 11th. Roth Capital initiated coverage on shares of Ohr Pharmaceuticals in a report on Monday, November 27th. They set a “buy” rating and a $7.00 target price for the company. Finally, ValuEngine upgraded shares of Ohr Pharmaceuticals from a “strong sell” rating to a “sell” rating in a report on Friday, December 1st.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Ohr Pharmaceuticals by 0.7% during the second quarter. Vanguard Group Inc. now owns 812,418 shares of the biotechnology company’s stock worth $520,000 after purchasing an additional 5,481 shares during the period. Garrison Bradford & Associates Inc. boosted its holdings in shares of Ohr Pharmaceuticals by 482.4% during the third quarter. Garrison Bradford & Associates Inc. now owns 497,415 shares of the biotechnology company’s stock worth $358,000 after purchasing an additional 412,000 shares during the period. Finally, Wedbush Securities Inc. purchased a new stake in shares of Ohr Pharmaceuticals during the third quarter worth about $311,000. Institutional investors own 8.25% of the company’s stock.

Ohr Pharmaceuticals (NASDAQ OHRP) traded down $0.02 during trading on Friday, hitting $0.37. 7,937,700 shares of the stock were exchanged, compared to its average volume of 4,110,000. The stock has a market capitalization of $20.59, a price-to-earnings ratio of -0.63 and a beta of 0.48. Ohr Pharmaceuticals has a one year low of $0.35 and a one year high of $2.18.

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About Ohr Pharmaceuticals

OHR Pharmaceutical, Inc, a pharmaceutical company, focuses on the development of novel therapeutics and delivery technologies for the treatment of ocular disease. Its lead clinical program is topical Squalamine, a small molecule anti-angiogenic drug, which could provide a non-invasive therapy to enhance vision outcomes.

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