BTIG analyst Ryan Zimmerman maintained a Buy rating on Organogenesis Holdings (ORGO) today and set a price target of $8.00. The company’s shares closed last Wednesday at $3.22, close to its 52-week low of $2.48.
According to TipRanks.com, Zimmerman is a 4-star analyst with an average return of 5.8% and a 46.8% success rate. Zimmerman covers the Healthcare sector, focusing on stocks such as Tactile Systems Technology, Staar Surgical Company, and Zimmer Biomet Holdings.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Organogenesis Holdings with a $8.75 average price target.
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Based on Organogenesis Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $74.65 million and GAAP net loss of $4.4 million. In comparison, last year the company earned revenue of $63.6 million and had a GAAP net loss of $9.26 million.
Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ORGO in relation to earlier this year.
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Organogenesis Holdings, Inc. is a regenerative medical company. It focuses on the development, manufacture and commercialization of product solutions for the advanced wound care, surgical, and sports medicine markets. The company was founded in 1985 and is headquartered in Canton, MA.
