Ocular Therapeutix Inc (OCUL) Director Richard L. Md Lindstrom Purchases 56,441 Shares

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Ocular Therapeutix Inc (NASDAQ:OCUL) Director Richard L. Md Lindstrom purchased 56,441 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was acquired at an average cost of $4.33 per share, with a total value of $244,389.53. Following the transaction, the director now directly owns 100,000 shares in the company, valued at $433,000. The purchase was disclosed in a filing with the SEC, which is available at this link.

Shares of OCUL traded down $0.04 during midday trading on Friday, reaching $4.05. The stock had a trading volume of 731,216 shares, compared to its average volume of 495,230. Ocular Therapeutix Inc has a 1-year low of $3.46 and a 1-year high of $8.28. The firm has a market capitalization of $178.20 million, a price-to-earnings ratio of -2.58 and a beta of 1.89. The company has a current ratio of 6.14, a quick ratio of 6.11 and a debt-to-equity ratio of 0.69.

Ocular Therapeutix (NASDAQ:OCUL) last announced its quarterly earnings data on Thursday, March 7th. The biopharmaceutical company reported ($0.42) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.37) by ($0.05). Ocular Therapeutix had a negative net margin of 3,013.97% and a negative return on equity of 136.09%. The firm had revenue of $0.50 million during the quarter, compared to analyst estimates of $0.45 million. On average, analysts predict that Ocular Therapeutix Inc will post -1.47 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. JGP Global Gestao de Recursos Ltda. acquired a new stake in shares of Ocular Therapeutix in the 4th quarter valued at $50,000. Bank of America Corp DE raised its holdings in shares of Ocular Therapeutix by 197.0% in the 4th quarter. Bank of America Corp DE now owns 26,271 shares of the biopharmaceutical company’s stock valued at $105,000 after purchasing an additional 17,425 shares in the last quarter. Trexquant Investment LP acquired a new stake in Ocular Therapeutix during the 3rd quarter worth $139,000. Rhumbline Advisers raised its stake in Ocular Therapeutix by 50.3% during the 4th quarter. Rhumbline Advisers now owns 43,465 shares of the biopharmaceutical company’s stock worth $173,000 after acquiring an additional 14,551 shares in the last quarter. Finally, Dimensional Fund Advisors LP acquired a new stake in Ocular Therapeutix during the 3rd quarter worth $200,000. Institutional investors and hedge funds own 52.41% of the company’s stock.

Several equities analysts have commented on OCUL shares. Cantor Fitzgerald raised their price target on shares of Ocular Therapeutix from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Monday, December 3rd. HC Wainwright set a $12.00 price target on shares of Ocular Therapeutix and gave the company a “buy” rating in a research report on Friday, January 11th. BidaskClub upgraded shares of Ocular Therapeutix from a “sell” rating to a “hold” rating in a report on Sunday, December 2nd. Cowen restated a “buy” rating and issued a $13.00 price objective on shares of Ocular Therapeutix in a report on Tuesday, December 4th. Finally, ValuEngine upgraded shares of Ocular Therapeutix from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $12.61.

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About Ocular Therapeutix

Ocular Therapeutix, Inc, a biopharmaceutical company, focuses on the formulation, development, and commercialization of therapies for diseases and conditions of the eye using its bioresorbable hydrogel platform technology. Its lead product candidates include DEXTENZA (dexamethasone insert) for the treatment of post-surgical ocular pain and inflammation, allergic conjunctivitis, and dry eye diseases; and OTX-TP (travoprost insert) for the reduction of intraocular pressure (IOP) in patients with glaucoma and ocular hypertension.

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