Obseva (NASDAQ:OBSV) issued its quarterly earnings data on Thursday. The company reported ($0.42) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.46) by $0.04, Morningstar.com reports.
Shares of NASDAQ:OBSV traded down $0.57 during midday trading on Friday, reaching $15.35. The company’s stock had a trading volume of 26,596 shares, compared to its average volume of 137,080. The company has a market capitalization of $584.80 million, a PE ratio of -6.82 and a beta of 1.75. Obseva has a 12-month low of $9.05 and a 12-month high of $20.35.
OBSV has been the topic of a number of recent research reports. HC Wainwright set a $30.00 target price on shares of Obseva and gave the stock a “buy” rating in a research report on Wednesday, July 25th. Zacks Investment Research downgraded shares of Obseva from a “buy” rating to a “hold” rating in a research report on Wednesday, October 10th. Leerink Swann initiated coverage on shares of Obseva in a research report on Wednesday, August 15th. They issued an “outperform” rating and a $25.00 target price on the stock. Credit Suisse Group initiated coverage on shares of Obseva in a research report on Thursday, July 19th. They issued an “outperform” rating and a $24.00 target price on the stock. Finally, Wedbush initiated coverage on shares of Obseva in a research report on Monday, August 6th. They issued an “outperform” rating and a $34.00 target price on the stock. Eight equities research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average target price of $29.43.
Several large investors have recently added to or reduced their stakes in the company. DRW Securities LLC grew its position in shares of Obseva by 55.0% in the 2nd quarter. DRW Securities LLC now owns 33,812 shares of the company’s stock worth $512,000 after buying an additional 12,000 shares during the period. US Bancorp DE purchased a new stake in Obseva during the 2nd quarter valued at about $197,000. Tiverton Asset Management LLC purchased a new stake in Obseva during the 2nd quarter valued at about $224,000. Jane Street Group LLC purchased a new stake in Obseva during the 2nd quarter valued at about $349,000. Finally, First Manhattan Co. grew its position in Obseva by 1.6% during the 3rd quarter. First Manhattan Co. now owns 1,532,466 shares of the company’s stock valued at $27,630,000 after purchasing an additional 23,500 shares during the last quarter. 68.33% of the stock is currently owned by hedge funds and other institutional investors.
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ObsEva SA, a clinical-stage biopharmaceutical company, focuses on the development and commercialization of novel therapeutics for women suffering from reproductive health and pregnancy disorders. It is developing OBE2109, an oral gonadotropin-releasing hormone receptor antagonist for the treatment of pain associated with endometriosis and heavy menstrual bleeding associated with uterine fibroids in pre-menopausal women; nolasiban, an oral oxytocin receptor antagonist to enhance clinical pregnancy and live birth rates in women undergoing in vitro fertilization; and OBE022, an oral and selective prostaglandin F2a, or PGF2a receptor antagonist, as a once daily treatment for preterm labor in weeks 24 to 34 of gestational age.
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