Zacks: Alimera Sciences (ALIM) Receives Consensus Recommendation of “Strong Buy” from Brokerages

Alimera Sciences (NASDAQ:ALIM) has been given a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.

Brokerages have set a 1 year consensus target price of $4.00 for the company and are expecting that the company will post ($0.04) earnings per share for the current quarter, according to Zacks. Zacks has also given Alimera Sciences an industry rank of 183 out of 265 based on the ratings given to its competitors.

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Several research firms have recently weighed in on ALIM. Zacks Investment Research downgraded shares of Alimera Sciences from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. HC Wainwright reiterated a “buy” rating and issued a $5.00 target price on shares of Alimera Sciences in a research note on Monday, January 22nd.

ALIM stock traded up $0.01 during mid-day trading on Friday, hitting $1.05. The company had a trading volume of 32,192 shares, compared to its average volume of 119,083. The firm has a market cap of $73.49, a price-to-earnings ratio of -3.62 and a beta of 1.72. The company has a debt-to-equity ratio of -0.64, a quick ratio of 3.91 and a current ratio of 4.07. Alimera Sciences has a 12 month low of $1.01 and a 12 month high of $1.70.

Alimera Sciences (NASDAQ:ALIM) last announced its quarterly earnings data on Wednesday, February 28th. The biopharmaceutical company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.07). The business had revenue of $9.14 million for the quarter, compared to analyst estimates of $9.60 million. analysts forecast that Alimera Sciences will post -0.06 earnings per share for the current year.

In related news, CEO C. Daniel Myers sold 52,900 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $1.20, for a total transaction of $63,480.00. Following the completion of the transaction, the chief executive officer now owns 101,511 shares of the company’s stock, valued at $121,813.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Philip Ashman sold 25,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $1.23, for a total transaction of $31,365.00. Following the transaction, the senior vice president now directly owns 38,250 shares of the company’s stock, valued at approximately $47,047.50. The disclosure for this sale can be found here. Insiders sold 184,704 shares of company stock valued at $224,432 in the last quarter. Corporate insiders own 14.70% of the company’s stock.

An institutional investor recently raised its position in Alimera Sciences stock. Stonepine Capital Management LLC boosted its position in shares of Alimera Sciences (NASDAQ:ALIM) by 158.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 477,226 shares of the biopharmaceutical company’s stock after acquiring an additional 292,399 shares during the period. Alimera Sciences accounts for about 0.4% of Stonepine Capital Management LLC’s holdings, making the stock its 21st biggest position. Stonepine Capital Management LLC owned 0.69% of Alimera Sciences worth $644,000 at the end of the most recent reporting period. 46.11% of the stock is currently owned by institutional investors and hedge funds.

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Alimera Sciences Company Profile

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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