Outlook Therapeutics, Inc. (NASDAQ:OTLK) Receives Consensus Recommendation of "Buy" from Brokerages

Market Beat
2024.10.30 09:02
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Outlook Therapeutics, Inc. (NASDAQ:OTLK) has received a consensus "Buy" rating from seven brokerages. Analysts have set an average twelve-month price target of $0.20. Recent reports include Ascendiant Capital Markets lowering their target to $0.00 while maintaining a "buy" rating. The company has a market cap of $79 million and reported earnings of -$0.83 per share, exceeding estimates. CFO Lawrence A. Kenyon recently purchased 5,000 shares, increasing his ownership significantly. Institutional investors hold 11.20% of the stock, with notable increases in holdings from various firms.