Roth Capital Analysts Give BioLineRx Ltd. (NASDAQ:BLRX) a $3.00 Price Target
Several other equities research analysts have also recently weighed in on BLRX. HC Wainwright set a $4.00 target price on BioLineRx and gave the stock a buy rating in a report on Tuesday, April 18th. Zacks Investment Research upgraded BioLineRx from a hold rating to a buy rating and set a $1.00 target price for the company in a report on Friday, April 21st. Maxim Group upgraded BioLineRx from a hold rating to a buy rating and upped their target price for the stock from $1.00 to $3.00 in a report on Thursday, May 18th. Finally, ValuEngine upgraded BioLineRx from a sell rating to a hold rating in a report on Monday, July 17th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. BioLineRx presently has an average rating of Buy and an average price target of $2.59.
BioLineRx (NASDAQ:BLRX) traded up 2.63% during trading on Wednesday, reaching $1.17. The company’s stock had a trading volume of 439,418 shares. BioLineRx has a 12-month low of $0.80 and a 12-month high of $1.42. The firm’s 50-day moving average price is $0.96 and its 200 day moving average price is $0.97. The company’s market capitalization is $111.87 million.
BioLineRx (NASDAQ:BLRX) last issued its earnings results on Tuesday, August 8th. The biotechnology company reported ($0.05) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.05). On average, analysts predict that BioLineRx will post ($0.24) earnings per share for the current fiscal year.
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Several large investors have recently modified their holdings of BLRX. Citadel Advisors LLC boosted its stake in shares of BioLineRx by 443.4% in the first quarter. Citadel Advisors LLC now owns 105,986 shares of the biotechnology company’s stock worth $102,000 after buying an additional 86,481 shares during the period. Renaissance Technologies LLC bought a new stake in shares of BioLineRx during the first quarter worth $126,000. Benchmark Capital Advisors boosted its stake in shares of BioLineRx by 227.3% in the first quarter. Benchmark Capital Advisors now owns 144,000 shares of the biotechnology company’s stock worth $138,000 after buying an additional 100,000 shares during the period. KCG Holdings Inc. boosted its stake in shares of BioLineRx by 715.9% in the first quarter. KCG Holdings Inc. now owns 175,156 shares of the biotechnology company’s stock worth $168,000 after buying an additional 153,687 shares during the period. Finally, Sabby Management LLC bought a new stake in shares of BioLineRx during the first quarter worth $3,018,000. Hedge funds and other institutional investors own 34.91% of the company’s stock.
BioLineRx Company Profile
BioLine RX Ltd is an Israel-based company engaged in the development of therapeutics, from preclinical-stage development to advanced clinical trials, for a range of medical needs. Its clinical therapeutic candidates under development consist of BL-1020 that is in Phase II/III clinical trials to improve cognitive function in schizophrenia patients; BL-1040, which is under pivotal CE-Mark registration trial for the prevention of cardiac remodeling following an acute myocardial infarction; BL-5010, which has completed Phase I/II clinical trials for non-surgical removal of skin lesions; BL-1021 that has completed Phase Ia clinical trial for the treatment of neuropathic pain or pain that results from damage to nerve fibers, and BL-7040, a synthetic oligonucleotide, which is in Phase II clinical trial for the treatment of inflammatory bowel disease.
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