Omeros (OMER) Receives a Hold from Wedbush

In a report released today, Liana Moussatos from Wedbush reiterated a Hold rating on Omeros (OMERResearch Report), with a price target of $18.00. The company’s shares closed last Monday at $13.91.

According to TipRanks.com, Moussatos is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -10.9% and a 34.2% success rate. Moussatos covers the Healthcare sector, focusing on stocks such as Catabasis Pharmaceuticals, Global Blood Therapeutics, and Eiger Biopharmaceuticals.

Omeros has an analyst consensus of Moderate Buy, with a price target consensus of $28.33, an 111.6% upside from current levels. In a report released today, Needham also maintained a Hold rating on the stock.

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Based on Omeros’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $14.45 million. In comparison, last year the company had a GAAP net loss of $39.47 million.

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Omeros Corp. operates as a biopharmaceutical company. It engages in the discovery, development, and commercializes of both small-molecule and protein therapeutics for large market. It also offers orphan indications targeting inflammation, coagulopathies, and disorders of the central nervous system.