EyePoint Pharmaceuticals (NASDAQ:EYPT – Get Assessment) was downgraded by StockNews.com equity researchers from a “hold” rating to a “sell” rating in a report released Tuesday.
Separately, HC Wainwright raised its price target on EyePoint Pharmaceuticals from $24.00 to $25.00 in a Thursday, August 4 research note. One analyst rated the stock with a sell rating and four gave the stock a buy rating. According to MarketBeat.com, the stock currently has a “Moderate Buy” consensus rating and an average target price of $27.00.
EyePoint Pharmaceuticals stock up 2.7%
The NASDAQ EYPT traded down $0.14 during Tuesday’s trading, hitting $5.37. 98,475 shares of the company were traded, against an average volume of 167,702. EyePoint Pharmaceuticals has a 12-month low of $4.89 and a 12-month high of $21.50. The company has a fifty-day simple moving average of $7.06 and a 200-day simple moving average of $8.69. The company has a market capitalization of $182.97 million, a P/E ratio of -2.49 and a beta of 1.10. The company has a current ratio of 6.17, a quick ratio of 6.07 and a debt ratio of 0.19.
EyePoint Pharmaceuticals Institutional Trading
Several hedge funds have recently increased or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in EyePoint Pharmaceuticals in Q1 for $30,000. Amalgamated Bank acquired a new position in shares of EyePoint Pharmaceuticals in Q1 worth approximately $31,000. Cubist Systematic Strategies LLC increased its position in EyePoint Pharmaceuticals by 46.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 6,600 shares of the company worth $52,000 after acquiring 2,099 additional shares in the last quarter. Royal Bank of Canada increased its stake in EyePoint Pharmaceuticals by 31.9% during the 1st quarter. Royal Bank of Canada now owns 7,934 shares of the company valued at $97,000 after buying 1,918 more shares last quarter. Finally, Principal Financial Group Inc. acquired a new stake in EyePoint Pharmaceuticals during the 2nd quarter at a value of $97,000. Institutional investors hold 88.65% of the company’s shares.
About EyePoint Pharmaceuticals
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EyePoint Pharmaceuticals, Inc, a pharmaceutical company, develops and markets ophthalmic products for the treatment of eye diseases in the United States, China and the United Kingdom. The company offers ILUVIEN, a sustained-release injectable micro-insert for the treatment of diabetic macular edema; YUTIQ, an intravitreal fluocinolone acetonide implant for intravitreal injection for the treatment of chronic noninfectious uveitis affecting the posterior segment of the eye; and DEXYCU, an intraocular suspension of dexamethasone, for the treatment of postoperative eye inflammation, including treatment after cataract surgery.
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