Ovid Therapeutics (NASDAQ:OVID) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, March 29th. Analysts expect Ovid Therapeutics to post earnings of ($0.38) per share for the quarter.

Shares of Ovid Therapeutics stock opened at $7.85 on Thursday. Ovid Therapeutics has a fifty-two week low of $5.28 and a fifty-two week high of $15.93.

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Several analysts have commented on the company. ValuEngine upgraded Ovid Therapeutics from a “strong sell” rating to a “sell” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded Ovid Therapeutics from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Friday, January 12th. Finally, Piper Jaffray Companies assumed coverage on Ovid Therapeutics in a report on Friday, March 9th. They issued an “overweight” rating and a $20.00 price target for the company. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $19.50.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp acquired a new position in shares of Ovid Therapeutics in the 2nd quarter valued at about $520,000. Northern Trust Corp acquired a new position in shares of Ovid Therapeutics in the 2nd quarter valued at about $604,000. Finally, Vanguard Group Inc. acquired a new position in shares of Ovid Therapeutics in the 2nd quarter valued at about $1,042,000. 31.80% of the stock is currently owned by institutional investors and hedge funds.

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Ovid Therapeutics Company Profile

Ovid Therapeutics Inc (Ovid) is a biopharmaceutical company. The Company is engaged in developing medicines for patients and families living with rare neurological disorders. Its lead drug candidate is OV101. The Company’s second lead drug candidate is OV935. OV101 (gaboxadol) is a delta-selective GABAA receptor agonist.

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