Stifel Nicolaus downgraded shares of Glaukos (NYSE:GKOS) from a buy rating to a hold rating in a research note published on Friday morning, Marketbeat reports. The brokerage currently has $32.00 target price on the medical instruments supplier’s stock, down from their previous target price of $39.00.
GKOS has been the topic of several other research reports. ValuEngine raised shares of Glaukos from a sell rating to a hold rating in a research note on Wednesday, April 4th. William Blair reaffirmed an outperform rating on shares of Glaukos in a research note on Friday, March 23rd. Cantor Fitzgerald set a $48.00 target price on shares of Glaukos and gave the company a buy rating in a research note on Wednesday, January 10th. Zacks Investment Research lowered shares of Glaukos from a hold rating to a sell rating in a research note on Tuesday, February 13th. Finally, BMO Capital Markets reaffirmed an outperform rating and issued a $36.00 target price (down previously from $38.00) on shares of Glaukos in a research note on Thursday, March 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. Glaukos has an average rating of Hold and an average price target of $40.38.
Shares of NYSE:GKOS opened at $27.62 on Friday. Glaukos has a 12 month low of $23.08 and a 12 month high of $48.89. The stock has a market cap of $959.54, a price-to-earnings ratio of 184.13 and a beta of 1.05.
In related news, Director Jonathan Silverstein sold 464,583 shares of Glaukos stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $32.29, for a total transaction of $15,001,385.07. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Orbimed Advisors Llc sold 836,500 shares of Glaukos stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $32.02, for a total transaction of $26,784,730.00. The disclosure for this sale can be found here. 16.40% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC bought a new position in Glaukos during the 3rd quarter worth approximately $111,000. First Republic Investment Management Inc. boosted its stake in Glaukos by 47.1% during the 3rd quarter. First Republic Investment Management Inc. now owns 8,300 shares of the medical instruments supplier’s stock worth $274,000 after acquiring an additional 2,659 shares during the last quarter. Meadow Creek Investment Management LLC bought a new position in Glaukos during the 4th quarter worth approximately $336,000. MetLife Investment Advisors LLC bought a new position in Glaukos during the 4th quarter worth approximately $349,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in Glaukos during the 4th quarter worth approximately $362,000.
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Glaukos Corporation, an ophthalmic medical technology and pharmaceutical company, focuses on the development and commercialization of surgical devices and sustained pharmaceutical therapies designed to treat glaucoma. It offers iStent, a micro-bypass stent for insertion in conjunction with cataract surgery for the reduction of intraocular pressure in adult patients with mild-to-moderate open-angle glaucoma.
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