HC Wainwright reaffirmed their buy rating on shares of Alimera Sciences, Inc. (NASDAQ:ALIM) in a report published on Friday, October 27th. The firm currently has a $5.00 price target on the biopharmaceutical company’s stock.
Several other analysts have also recently issued reports on ALIM. Zacks Investment Research upgraded Alimera Sciences from a hold rating to a buy rating and set a $1.50 price objective on the stock in a research note on Monday, July 10th. Cowen and Company reiterated a buy rating and issued a $3.00 price objective on shares of Alimera Sciences in a research note on Tuesday, July 11th. Finally, ValuEngine upgraded Alimera Sciences from a sell rating to a hold rating in a research note on Thursday, July 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. Alimera Sciences currently has a consensus rating of Hold and an average price target of $3.38.
Alimera Sciences (NASDAQ:ALIM) opened at $1.25 on Friday. The company has a debt-to-equity ratio of -0.71, a current ratio of 4.84 and a quick ratio of 4.65. Alimera Sciences has a 52 week low of $1.04 and a 52 week high of $1.72.
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A number of large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. increased its holdings in Alimera Sciences by 24.3% in the second quarter. PNC Financial Services Group Inc. now owns 180,300 shares of the biopharmaceutical company’s stock valued at $251,000 after buying an additional 35,200 shares during the last quarter. JW Asset Management LLC increased its holdings in Alimera Sciences by 15.6% in the second quarter. JW Asset Management LLC now owns 966,000 shares of the biopharmaceutical company’s stock valued at $1,343,000 after buying an additional 130,000 shares during the last quarter. KCG Holdings Inc. increased its holdings in Alimera Sciences by 127.0% in the first quarter. KCG Holdings Inc. now owns 78,604 shares of the biopharmaceutical company’s stock valued at $110,000 after buying an additional 43,977 shares during the last quarter. Finally, Kennedy Capital Management Inc. purchased a new position in Alimera Sciences in the first quarter valued at $467,000. 36.82% of the stock is currently owned by hedge funds and other institutional investors.
About Alimera Sciences
Alimera Sciences, Inc (Alimera) is a pharmaceutical company. The Company is engaged in the research, development and commercialization of prescription ophthalmic pharmaceuticals. The Company operates through two segments: U.S. and International. The Company focuses on diseases affecting the back of the eye or retina.
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