Investment analysts at Evercore ISI assumed coverage on shares of Organovo Holdings Inc. (NASDAQ:ONVO) in a note issued to investors on Monday. The firm set a “buy” rating and a $4.50 price target on the stock. Evercore ISI’s target price would suggest a potential upside of 47.06% from the company’s previous close.

Separately, Zacks Investment Research raised shares of Organovo Holdings from a “sell” rating to a “hold” rating and set a $5.25 target price on the stock in a research note on Wednesday, August 10th.

Shares of Organovo Holdings (NASDAQ:ONVO) opened at 3.06 on Monday. The company’s 50-day moving average price is $3.15 and its 200 day moving average price is $3.56. Organovo Holdings has a 52 week low of $1.60 and a 52 week high of $4.99.

Organovo Holdings (NASDAQ:ONVO) last announced its quarterly earnings data on Thursday, November 3rd. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.01. Organovo Holdings had a negative net margin of 1,178.36% and a negative return on equity of 62.11%. The business earned $1.38 million during the quarter. Equities research analysts predict that Organovo Holdings will post ($0.39) earnings per share for the current year.

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Several hedge funds have recently bought and sold shares of the company. Lehman Financial Resources Inc. boosted its stake in Organovo Holdings by 1.2% in the second quarter. Lehman Financial Resources Inc. now owns 131,400 shares of the company’s stock worth $488,000 after buying an additional 1,500 shares during the last quarter. California State Teachers Retirement System boosted its stake in Organovo Holdings by 0.9% in the third quarter. California State Teachers Retirement System now owns 182,236 shares of the company’s stock worth $691,000 after buying an additional 1,700 shares during the last quarter. Cue Financial Group Inc. boosted its stake in Organovo Holdings by 4.8% in the third quarter. Cue Financial Group Inc. now owns 44,000 shares of the company’s stock worth $167,000 after buying an additional 2,000 shares during the last quarter. BlackRock Advisors LLC boosted its stake in Organovo Holdings by 8.6% in the third quarter. BlackRock Advisors LLC now owns 42,893 shares of the company’s stock worth $163,000 after buying an additional 3,384 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in Organovo Holdings by 1.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 264,596 shares of the company’s stock worth $985,000 after buying an additional 3,654 shares during the last quarter. 18.44% of the stock is currently owned by hedge funds and other institutional investors.

Organovo Holdings Company Profile

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