Other equities analysts have also issued reports about the stock. HC Wainwright set a $4.00 target price on shares of BioLineRx and gave the company a buy rating in a report on Saturday, June 3rd. Oppenheimer Holdings, Inc. assumed coverage on shares of BioLineRx in a report on Friday, August 4th. They set an outperform rating and a $3.00 target price for the company. Maxim Group raised shares of BioLineRx from a hold rating to a buy rating and lifted their target price for the company from $1.00 to $3.00 in a report on Thursday, May 18th. Zacks Investment Research raised shares of 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. Finally, ValuEngine raised shares of 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 assigned a buy rating to the company’s stock. BioLineRx has a consensus rating of Buy and an average target price of $2.59.
BioLineRx (BLRX) opened at 1.17 on Wednesday. The company’s market capitalization is $111.87 million. The firm has a 50 day moving average of $0.96 and a 200-day moving average of $0.97. BioLineRx has a 52-week low of $0.80 and a 52-week high of $1.42.
BioLineRx (NASDAQ:BLRX) last posted its earnings results on Tuesday, August 8th. The biotechnology company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). Equities analysts expect that BioLineRx will post ($0.24) EPS for the current year.
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Large investors have recently modified their holdings of the company. Citadel Advisors LLC raised 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 valued at $102,000 after buying an additional 86,481 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of BioLineRx during the first quarter valued at approximately $126,000. Benchmark Capital Advisors raised 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 valued at $138,000 after buying an additional 100,000 shares during the last quarter. KCG Holdings Inc. raised 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 valued at $168,000 after buying an additional 153,687 shares during the last quarter. Finally, Sabby Management LLC bought a new stake in shares of BioLineRx during the first quarter valued at approximately $3,018,000. 34.91% of the stock is owned by institutional investors.
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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