Brokers release forecast for Oyster Point Pharma, Inc. earnings in first quarter 2023 (NASDAQ:OYST)

Oyster Point Pharma, Inc. (NASDAQ:OYST) – Piper Sandler analysts released their first quarter 2023 earnings per share (EPS) estimates for Oyster Point Pharma in a note to investors on Tuesday, February 8. Piper Sandler analyst J. Catanzaro expects the company to earn ($1.25) per share for the quarter. Piper Sandler also released estimates for Oyster Point Pharma Q2 2023 earnings at ($1.23) EPS, Q3 2023 earnings at ($1.27) EPS, and Q4 2023 earnings at ($1.23) EPS. $25) EPS.

A number of other brokerages also weighed in on OYST. JPMorgan Chase & Co. downgraded Oyster Point Pharma from an “overweight” rating to a “neutral” rating and lowered its target price for the company from $30.00 to $23.00 in a Tuesday 9 research note. November. Zacks Investment Research upgraded Oyster Point Pharma from a “sell” rating to a “hold” rating in a Wednesday, Nov. 10, research report.

NASDAQ:OYST shares opened at $10.72 on Wednesday. Oyster Point Pharma has a 12-month low of $9.86 and a 12-month high of $25.89. The company has a market capitalization of $280.48 million, a PE ratio of -3.44 and a beta of 0.09. The company has a debt ratio of 0.30, a quick ratio of 12.51 and a current ratio of 12.51. The company has a fifty-day moving average of $13.80 and a 200-day moving average of $13.26.

Hedge funds have recently changed their positions in the stock. Royal Bank of Canada increased its position in Oyster Point Pharma by 162.9% in the third quarter. Royal Bank of Canada now owns 4,651 shares of the company worth $55,000 after purchasing an additional 2,882 shares during the period. Deutsche Bank AG increased its position in Oyster Point Pharma by 69.8% in the second quarter. Deutsche Bank AG now owns 6,762 shares of the company worth $116,000 after purchasing an additional 2,780 shares during the period. Susquehanna International Group LLP acquired a new stake in Oyster Point Pharma in the second quarter valued at approximately $180,000. HighTower Advisors LLC acquired a new stake in Oyster Point Pharma in the third quarter worth approximately $129,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Oyster Point Pharma during the third quarter worth approximately $133,000. Hedge funds and other institutional investors own 83.02% of the company’s shares.

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About Oyster Point Pharma

Oyster Point Pharma, Inc., a clinical-stage biopharmaceutical company, is focused on the discovery, development and commercialization of pharmaceutical therapies to treat ocular surface diseases in the United States. The Company’s lead product candidate is OC-01, a nicotinic acetylcholine receptor agonist that has completed Phase III clinical trial for the treatment of signs and symptoms of dry eye disease.

See also

Earnings History and Estimates for Oyster Point Pharma (NASDAQ:OYST)

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