Zacks: OptimizeRx Co. (NASDAQ:OPRX) Receives Average Recommendation of “Strong Buy” from Brokerages
OptimizeRx Co. (NASDAQ:OPRX) has been given a consensus broker rating score of 1.00 (Strong Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. Three research analysts have rated the stock with a strong buy rating.
Analysts have set a one year consensus target price of $25.00 for the company, according to Zacks. Zacks has also assigned OptimizeRx an industry rank of 35 out of 255 based on the ratings given to related companies.
Several research firms have weighed in on OPRX. William Blair began coverage on shares of OptimizeRx in a research report on Friday, January 3rd. They issued an “outperform” rating for the company. Zacks Investment Research cut shares of OptimizeRx from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th. ValuEngine upgraded shares of OptimizeRx from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. TheStreet cut shares of OptimizeRx from a “c” rating to a “d+” rating in a research report on Wednesday, November 20th. Finally, B. Riley lowered their price objective on shares of OptimizeRx from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, December 30th.
OPRX traded up $0.31 during midday trading on Wednesday, hitting $11.29. The company had a trading volume of 119,800 shares, compared to its average volume of 67,139. The company has a debt-to-equity ratio of 0.01, a quick ratio of 7.00 and a current ratio of 7.00. The company has a market capitalization of $155.59 million, a PE ratio of -125.44 and a beta of 0.31. OptimizeRx has a twelve month low of $8.63 and a twelve month high of $17.24. The firm’s 50-day simple moving average is $10.66 and its 200-day simple moving average is $12.19.
OptimizeRx Company Profile
OptimizeRx Corporation provides digital health messaging services for pharmaceutical companies to communicate with healthcare providers. The company's cloud-based solutions support patient adherence to medications by providing real-time access to financial assistance, prior authorization, education, and critical clinical information; and network consists of electronic health records platforms, which provide the ambulatory patient market with access to their workflow at the point-of-care.
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