Several other research analysts have also commented on BTX. Zacks Investment Research lowered shares of BioTime from a hold rating to a sell rating in a report on Friday, January 12th. Lake Street Capital initiated coverage on shares of BioTime in a research note on Friday, February 2nd. They set a buy rating and a $8.00 price objective on the stock. Three research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $5.75.
Shares of BTX opened at $2.38 on Monday. BioTime has a 52-week low of $2.10 and a 52-week high of $3.50.
BioTime (NYSEAMERICAN:BTX) last issued its quarterly earnings data on Thursday, March 15th. The biotechnology company reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.02). BioTime had a net margin of 828.55% and a return on equity of 30.68%. The business had revenue of $1.00 million during the quarter, compared to analyst estimates of $2.38 million.
A number of institutional investors have recently added to or reduced their stakes in BTX. Dimensional Fund Advisors LP boosted its holdings in BioTime by 29.8% in the third quarter. Dimensional Fund Advisors LP now owns 156,721 shares of the biotechnology company’s stock worth $445,000 after purchasing an additional 35,970 shares during the period. Jane Street Group LLC boosted its holdings in BioTime by 95.6% in the third quarter. Jane Street Group LLC now owns 44,548 shares of the biotechnology company’s stock worth $127,000 after purchasing an additional 21,778 shares during the period. GSA Capital Partners LLP boosted its holdings in BioTime by 124.1% in the third quarter. GSA Capital Partners LLP now owns 174,816 shares of the biotechnology company’s stock worth $496,000 after purchasing an additional 96,816 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of BioTime by 36.4% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 143,800 shares of the biotechnology company’s stock valued at $310,000 after acquiring an additional 38,400 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in shares of BioTime by 402.4% during the fourth quarter. SG Americas Securities LLC now owns 62,301 shares of the biotechnology company’s stock valued at $134,000 after acquiring an additional 49,900 shares during the period.
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BioTime, Inc, a clinical-stage biotechnology company, focuses on developing and commercializing products addressing degenerative diseases based on pluripotent stem cells and HyStem cell/drug delivery platform technologies primarily in the United States and Israel. The company's lead product candidates include OpRegen, a retinal pigment epithelium cell replacement therapy, which is in Phase I/IIa multicenter trial for the treatment of the dry age-related macular degeneration; and Renevia, a facial aesthetics product that is in pivotal clinical trial for the treatment of HIV-associated facial lipoatrophy.
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