Needham Sticks to Their Hold Rating for Omeros (OMER)


Needham analyst Serge Belanger maintained a Hold rating on Omeros (OMER) today. The company’s shares closed last Wednesday at $12.43.

According to TipRanks.com, Belanger is a 3-star analyst with an average return of 1.9% and a 43.9% success rate. Belanger covers the Healthcare sector, focusing on stocks such as Amphastar Pharmaceuticals, Collegium Pharmaceutical, and KalVista Pharmaceuticals.

Omeros has an analyst consensus of Moderate Buy, with a price target consensus of $21.50.

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Based on Omeros’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $26.11 million and GAAP net loss of $38.46 million. In comparison, last year the company earned revenue of $29.86 million and had a GAAP net loss of $16.46 million.

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Omeros Corp. operates as a biopharmaceutical company. It engages in the discovery, development, and commercializes of both small-molecule and protein therapeutics for large market. It also offers orphan indications targeting inflammation, coagulopathies, and disorders of the central nervous system. The company was founded by Gregory A. Demopulos and Pamela Pierce Palmer on June 16, 1994 and is headquartered in Seattle, WA.

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