Two Sigma Investments LP acquired a new position in shares of OptiNose Inc (NASDAQ:OPTN) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 104,184 shares of the company’s stock, valued at approximately $646,000.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of OptiNose by 8.0% during the 3rd quarter. BlackRock Inc. now owns 1,076,798 shares of the company’s stock worth $13,384,000 after purchasing an additional 79,541 shares in the last quarter. Kornitzer Capital Management Inc. KS grew its holdings in shares of OptiNose by 1,262.9% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 477,005 shares of the company’s stock worth $2,957,000 after purchasing an additional 442,005 shares in the last quarter. Broadfin Capital LLC acquired a new stake in shares of OptiNose during the 4th quarter worth $4,406,000. JPMorgan Chase & Co. grew its holdings in shares of OptiNose by 39.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,874,231 shares of the company’s stock worth $23,297,000 after purchasing an additional 526,501 shares in the last quarter. Finally, Vanguard Group Inc grew its holdings in shares of OptiNose by 1.6% during the 3rd quarter. Vanguard Group Inc now owns 779,689 shares of the company’s stock worth $9,691,000 after purchasing an additional 12,404 shares in the last quarter. Hedge funds and other institutional investors own 56.90% of the company’s stock.

OPTN has been the topic of several analyst reports. Cantor Fitzgerald reissued a “buy” rating and set a $27.00 target price on shares of OptiNose in a report on Monday, February 4th. Zacks Investment Research raised OptiNose from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. ValuEngine lowered OptiNose from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, Royal Bank of Canada reduced their target price on OptiNose to $25.00 and set an “outperform” rating on the stock in a report on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $28.00.

NASDAQ:OPTN opened at $9.26 on Wednesday. The stock has a market capitalization of $382.11 million, a P/E ratio of -3.46 and a beta of 0.79. The company has a current ratio of 8.28, a quick ratio of 8.01 and a debt-to-equity ratio of 0.61. OptiNose Inc has a twelve month low of $5.66 and a twelve month high of $30.00.

OptiNose (NASDAQ:OPTN) last released its quarterly earnings data on Wednesday, March 6th. The company reported ($0.64) earnings per share for the quarter, beating the consensus estimate of ($0.84) by $0.20. The business had revenue of $3.02 million for the quarter, compared to analyst estimates of $2.60 million. OptiNose had a negative return on equity of 77.32% and a negative net margin of 1,509.87%. Equities analysts predict that OptiNose Inc will post -2.86 EPS for the current fiscal year.

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About OptiNose

OptiNose, Inc, a specialty pharmaceutical company, focuses on the development and commercialization of products for patients treated by ear, nose, and throat; and allergy specialists in the United States. The company offers XHANCE, a therapeutic product utilizing its proprietary optinose exhalation delivery system that delivers a topically-acting and potent anti-inflammatory corticosteroid for the treatment of chronic rhinosinusitis with and without nasal polyps.

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Institutional Ownership by Quarter for OptiNose (NASDAQ:OPTN)

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