A number of other equities analysts also recently weighed in on CLSD. HC Wainwright reissued a "buy" rating and set a $5.00 target price on shares of Clearside Biomedical in a research note on Tuesday, August 27th. Oppenheimer started coverage on shares of Clearside Biomedical in a research note on Tuesday, June 25th. They set an "outperform" rating and a $5.00 target price for the company. Needham & Company LLC lifted their target price on shares of Clearside Biomedical from $4.00 to $6.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Finally, Chardan Capital reaffirmed a "buy" rating and issued a $6.00 price target on shares of Clearside Biomedical in a research note on Monday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Clearside Biomedical presently has a consensus rating of "Moderate Buy" and a consensus target price of $5.17.
View Our Latest Research Report on Clearside Biomedical
Shares of NASDAQ:CLSD remained flat at $1.15 during mid-day trading on Friday. 251,453 shares of the stock were exchanged, compared to its average volume of 398,562. The firm has a market cap of $85.94 million, a price-to-earnings ratio of -2.09 and a beta of 2.35. The firm's fifty day simple moving average is $1.16 and its two-hundred day simple moving average is $1.22. Clearside Biomedical has a 52 week low of $0.65 and a 52 week high of $2.12.
Clearside Biomedical (NASDAQ:CLSD - Get Free Report) last announced its earnings results on Monday, August 12th. The company reported ($0.10) earnings per share for the quarter, topping analysts' consensus estimates of ($0.14) by $0.04. The firm had revenue of $0.09 million for the quarter, compared to the consensus estimate of $0.25 million. During the same period in the prior year, the business earned ($0.15) EPS. Sell-side analysts anticipate that Clearside Biomedical will post -0.56 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Clearside Biomedical by 14.5% during the first quarter. Vanguard Group Inc. now owns 2,490,796 shares of the company's stock valued at $3,811,000 after buying an additional 314,480 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Clearside Biomedical by 6.6% during the second quarter. Renaissance Technologies LLC now owns 582,689 shares of the company's stock valued at $757,000 after buying an additional 35,900 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Clearside Biomedical during the second quarter valued at about $368,000. XTX Topco Ltd grew its holdings in shares of Clearside Biomedical by 172.2% during the second quarter. XTX Topco Ltd now owns 54,313 shares of the company's stock valued at $71,000 after buying an additional 34,359 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of Clearside Biomedical during the first quarter valued at about $57,000. 18.75% of the stock is currently owned by institutional investors and hedge funds.
Clearside Biomedical, Inc, a biopharmaceutical company, focuses on the revolutionizing the delivery of therapies to the back of the eye through the suprachoroidal space. It offers XIPERE, a triamcinolone acetonide suprachoroidal injectable suspension for the treatment of uveitis macular edema. It also develops CLS-AX, an axitinib injectable suspension for suprachoroidal injection, which is in Phase IIb clinical trial to treat wet AMD.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Clearside Biomedical, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Clearside Biomedical wasn't on the list.
While Clearside Biomedical currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.