Organovo Holdings, Inc. (ONVO) Rating Reiterated by Jefferies Group LLC

Organovo Holdings, Inc. (NASDAQ:ONVO)‘s stock had its “buy” rating reiterated by equities research analysts at Jefferies Group LLC in a note issued to investors on Thursday. They currently have a $4.00 price objective on the stock. Jefferies Group LLC’s price objective would indicate a potential upside of 88.68% from the stock’s current price.

Other equities analysts have also issued reports about the stock. BidaskClub lowered shares of Organovo Holdings from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Evercore ISI reaffirmed an “outperform” rating and set a $3.75 target price (down from $4.00) on shares of Organovo Holdings in a research report on Friday, June 9th. Finally, ValuEngine lowered shares of Organovo Holdings from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $6.20.

Shares of Organovo Holdings (NASDAQ:ONVO) opened at 2.12 on Thursday. Organovo Holdings has a 12 month low of $1.75 and a 12 month high of $4.14. The company’s market capitalization is $224.98 million. The stock has a 50 day moving average price of $2.10 and a 200-day moving average price of $2.63.

Organovo Holdings (NASDAQ:ONVO) last issued its earnings results on Wednesday, August 9th. The company reported ($0.10) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.10). The business had revenue of $0.99 million for the quarter, compared to analyst estimates of $0.92 million. Organovo Holdings had a negative net margin of 918.97% and a negative return on equity of 65.49%. Organovo Holdings’s revenue for the quarter was up 11.1% on a year-over-year basis. Analysts forecast that Organovo Holdings will post ($0.39) EPS for the current year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in ONVO. Nationwide Fund Advisors boosted its stake in shares of Organovo Holdings by 12.7% during the first quarter. Nationwide Fund Advisors now owns 60,565 shares of the company’s stock valued at $193,000 after purchasing an additional 6,802 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Organovo Holdings by 10.2% during the first quarter. Bank of New York Mellon Corp now owns 466,233 shares of the company’s stock valued at $1,482,000 after purchasing an additional 43,061 shares in the last quarter. American International Group Inc. boosted its stake in shares of Organovo Holdings by 7.9% during the first quarter. American International Group Inc. now owns 53,431 shares of the company’s stock valued at $170,000 after purchasing an additional 3,920 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Organovo Holdings by 8.5% during the first quarter. Vanguard Group Inc. now owns 4,250,017 shares of the company’s stock valued at $13,515,000 after purchasing an additional 333,034 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Organovo Holdings by 44.6% during the first quarter. Geode Capital Management LLC now owns 955,299 shares of the company’s stock valued at $3,037,000 after purchasing an additional 294,861 shares in the last quarter. Hedge funds and other institutional investors own 23.94% of the company’s stock.

Organovo Holdings Company Profile

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