Zacks with a target of $9.50 on Dec 8th .... you must wonder if they know something.
www.dakotafinancialnews.com/ocata-therapeutics-inc-ocat-stock-rating-upgraded-by-zacks-investment-research/712848/ Ocata Therapeutics Inc (OCAT) Stock Rating Upgraded by Zacks Investment Research
December 8th, 2015 - 0 comments - Filed Under - by Mark Watkins
Share on StockTwits
Ocata Therapeutics logoOcata Therapeutics Inc (NASDAQ:OCAT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, MarketBeat reports. The brokerage presently has a $9.50 price objective on the biotechnology company’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 12.16% from the stock’s previous close.
According to Zacks, “Ocata Therapeutics, Inc. is a clinical stage biotechnology company. It is focused on the development and commercialization of regenerative ophthalmology therapeutics. Ocata focuses on the development of methods to generate replacement cells from both human embryonic and adult stem cells. The Company’s most advanced products are in clinical trials for the treatment of Stargardt’s macular degeneration, dry age-related macular degeneration, and myopic macular degeneration. Ocata Therapeutics, Inc., formerly known as named Advanced Cell Technology, is based in United States. “
Several other equities research analysts have also issued reports on the company. Raymond James lowered Ocata Therapeutics from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 10th. Cantor Fitzgerald assumed coverage on Ocata Therapeutics in a report on Friday, October 9th. They set a “buy” rating and a $9.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $8.83.
Ocata Therapeutics (NASDAQ:OCAT) traded down 0.12% during trading on Monday, hitting $8.47. 821,956 shares of the stock traded hands. The stock’s market cap is $358.28 million. Ocata Therapeutics has a 52-week low of $3.06 and a 52-week high of $8.71. The company’s 50 day moving average price is $6.50 and its 200-day moving average price is $5.26.
Ocata Therapeutics (NASDAQ:OCAT) last released its earnings results on Monday, November 9th. The biotechnology company reported ($0.09) earnings per share for the quarter. Equities research analysts forecast that Ocata Therapeutics will post ($0.62) earnings per share for the current fiscal year.
In other Ocata Therapeutics news, insider Robert Lanza sold 35,000 shares of the business’s stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $8.31, for a total value of $290,850.00. Following the transaction, the insider now owns 196,509 shares of the company’s stock, valued at $1,632,989.79. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Ocata Therapeutics, Inc., formerly Advanced Cell Technology, Inc., is a biotechnology company focused on the development and commercialization of Regenerative Ophthalmology therapeutics. The Company’s advanced products are in clinical trials for the treatment of Stargardt’s macular degeneration, dry age-related macular degeneration, and myopic macular degeneration. The Company is also developing several pre-clinical terminally differentiated-cell therapies for the treatment of other ocular disorders. Additionally, it has a number of pre-clinical stage assets in disease areas outside the field of ophthalmology, including autoimmune, inflammatory and wound healing-related disorders.
Get a free copy of the Zacks research report on Ocata Therapeutics (OCAT)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Ocata Therapeutics Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ocata Therapeutics Inc and related companies with MarketBeat.com's FREE daily email newsletter.