Olema Pharmaceuticals' (OLMA) Buy Rating Reaffirmed at HC Wainwright

Olema Pharmaceuticals (NASDAQ:OLMA - Get Free Report)'s stock had its "buy" rating reissued by stock analysts at HC Wainwright in a report released on Monday,Benzinga reports. They currently have a $30.00 target price on the stock.Get Olema Pharmaceuticals alerts:A number of other analysts have also weighed in on OLMA. Oppenheimer reiterated an "outperform" rating and issued a $25.00 target price (down previously from $30.00) on shares of Olema Pharmaceuticals in a research note on Wednesday, March 19th. JPMorgan Chase & Co. reduced their target price on shares of Olema Pharmaceuticals from $30.00 to $28.00 and set an "overweight" rating for the company in a report on Friday, March 28th.Check Out Our Latest Analysis on OLMAOlema Pharmaceuticals Stock Down 3.7 %NASDAQ:OLMA opened at $4.91 on Monday. The company's 50 day moving average price is $4.20 and its 200-day moving average price is $6.78. Olema Pharmaceuticals has a 52 week low of $2.86 and a 52 week high of $16.62. The stock has a market cap of $335.52 million, a price-to-earnings ratio of -2.24 and a beta of 2.10. Olema Pharmaceuticals (NASDAQ:OLMA - Get Free Report) last issued its quarterly earnings results on Tuesday, March 18th. The company reported ($0.51) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.63) by $0.12. As a group, sell-side analysts anticipate that Olema Pharmaceuticals will post -2.33 earnings per share for the current year. Institutional Trading of Olema PharmaceuticalsInstitutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its position in Olema Pharmaceuticals by 658.7% in the third quarter. JPMorgan Chase & Co. now owns 181,032 shares of the company's stock valued at $2,162,000 after acquiring an additional 157,171 shares during the last quarter. HighTower Advisors LLC acquired a new stake in shares of Olema Pharmaceuticals during the fourth quarter valued at $510,000. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Olema Pharmaceuticals by 80.5% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 212,246 shares of the company's stock valued at $1,237,000 after buying an additional 94,651 shares during the period. Alliancebernstein L.P. increased its stake in Olema Pharmaceuticals by 77.7% in the fourth quarter. Alliancebernstein L.P. now owns 313,982 shares of the company's stock valued at $1,831,000 after purchasing an additional 137,319 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of Olema Pharmaceuticals by 105.0% in the 3rd quarter. Barclays PLC now owns 94,915 shares of the company's stock valued at $1,133,000 after purchasing an additional 48,614 shares during the last quarter. Institutional investors and hedge funds own 91.78% of the company's stock. Olema Pharmaceuticals Company Profile (Get Free Report)Olema Pharmaceuticals, Inc, a clinical-stage biopharmaceutical company, focuses on the discovery, development, and commercialization of therapies for women's cancers. Its lead product candidate is OP-1250, an estrogen receptor (ER) antagonist and a selective ER degrader, which is in Phase 3 clinical trial for the treatment of recurrent, locally advanced, or metastatic estrogen receptor-positive, human epidermal growth factor receptor 2-negative breast cancer; and OP-1250 combine with CDK4/6 inhibitors palbociclib, ribociclib, and alpelisib in Phase 1/2 clinical trial for the treatment of recurrent, locally advanced, or metastatic estrogen receptor-positive human epidermal growth factor receptor 2-negative breast cancer, as well as develops OPERA-01 for the of ER+/HER2- advanced or metastatic breast cancer.Read MoreFive stocks we like better than Olema PharmaceuticalsMost Volatile Stocks, What Investors Need to KnowThe Bear Market Has Only Just Started - Here's Why Using the MarketBeat Dividend Tax CalculatorThese 3 ETFs Let You Hold Real Gold Without the VaultHow to Invest in Small Cap Stocks Why Institutions Are Buying Super Micro Computer Stock AgainThis 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 contact@marketbeat.com.Should You Invest $1,000 in Olema Pharmaceuticals Right Now?Before you consider Olema Pharmaceuticals, 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 Olema Pharmaceuticals wasn't on the list.While Olema Pharmaceuticals currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here