Wedbush Keeps Their Hold Rating on Omeros Corp

By Carrie Williams

Wedbush analyst Liana Moussatos reiterated a Hold rating on Omeros Corp (NASDAQ: OMER) today and set a price target of $20. The company’s shares opened today at $20.01.

According to TipRanks.com, Moussatos is a 4-star analyst with an average return of 9.7% and a 44.2% success rate. Moussatos covers the Healthcare sector, focusing on stocks such as Allena Pharmaceuticals Inc, Global Blood Therapeutics, and Catabasis Pharmaceuticals.

Omeros Corp has an analyst consensus of Moderate Buy, with a price target consensus of $34.60.

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Based on Omeros Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $30.05 million. In comparison, last year the company had a GAAP net loss of $15.09 million.

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