BioLineRx Ltd. (BLRX) Given a $3.00 Price Target at Oppenheimer Holdings, Inc.
A number of other brokerages have also recently commented on BLRX. ValuEngine upgraded BioLineRx from a sell rating to a hold rating in a research note on Monday, July 17th. Roth Capital started coverage on BioLineRx in a research note on Thursday, August 3rd. They issued a buy rating and a $3.00 price target on the stock. Zacks Investment Research upgraded BioLineRx from a sell rating to a hold rating in a research note on Thursday, September 7th. Finally, Maxim Group set a $3.00 price target on BioLineRx and gave the stock a buy rating in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating and six have given a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $2.88.
Shares of BioLineRx (BLRX) traded up 0.44% during midday trading on Wednesday, reaching $1.14. The company’s stock had a trading volume of 311,303 shares. The firm’s 50 day moving average is $1.13 and its 200 day moving average is $0.97. BioLineRx has a 52 week low of $0.80 and a 52 week high of $1.38. The firm’s market capitalization is $109.00 million.
BioLineRx (NASDAQ:BLRX) last issued its quarterly earnings data on Tuesday, August 8th. The biotechnology company reported ($0.05) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.05). Equities analysts forecast that BioLineRx will post ($0.24) EPS for the current fiscal year.
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Large investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC lifted its stake in shares of BioLineRx by 443.4% in the first quarter. Citadel Advisors LLC now owns 105,986 shares of the biotechnology company’s stock worth $102,000 after acquiring an additional 86,481 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of BioLineRx in the first quarter worth about $126,000. Finally, KCG Holdings Inc. lifted its stake in shares of BioLineRx by 715.9% in the first quarter. KCG Holdings Inc. now owns 175,156 shares of the biotechnology company’s stock worth $168,000 after acquiring an additional 153,687 shares in the last quarter. Institutional investors and hedge funds own 32.27% of the company’s stock.
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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