Olink Holding AB (publ) (OLK) to Release Earnings on Thursday

Olink Holding AB (publ) (NASDAQ:OLKGet Rating) will announce its earnings results before the market opens on Thursday, May 12th. Analysts expect the company to announce earnings of ($0.17) per share for the quarter. Olink Holding AB (publ) has set its FY 2022 guidance at EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Olink Holding AB (publ) (NASDAQ:OLKGet Rating) last issued its quarterly earnings results on Monday, February 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.09). Olink Holding AB (publ) had a negative return on equity of 7.68% and a negative net margin of 40.37%. The business had revenue of $43.68 million for the quarter, compared to the consensus estimate of $43.50 million. On average, analysts expect Olink Holding AB (publ) to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of OLK stock opened at $14.65 on Thursday. Olink Holding AB has a 52-week low of $10.64 and a 52-week high of $38.78. The firm has a market capitalization of $1.74 billion, a P/E ratio of -21.23 and a beta of 1.94. The stock has a 50 day moving average price of $16.51 and a 200 day moving average price of $19.29.

Hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC raised its stake in Olink Holding AB (publ) by 75.1% in the fourth quarter. Geode Capital Management LLC now owns 19,562 shares of the company’s stock valued at $356,000 after buying an additional 8,387 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Olink Holding AB (publ) during the fourth quarter worth about $568,000. Goldman Sachs Group Inc. increased its holdings in shares of Olink Holding AB (publ) by 3.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 31,267 shares of the company’s stock valued at $569,000 after acquiring an additional 901 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Olink Holding AB (publ) by 11.2% during the fourth quarter. Bank of America Corp DE now owns 65,319 shares of the company’s stock valued at $1,189,000 after acquiring an additional 6,576 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Olink Holding AB (publ) by 135.1% during the fourth quarter. BlackRock Inc. now owns 2,181,480 shares of the company’s stock valued at $39,703,000 after acquiring an additional 1,253,464 shares in the last quarter. Hedge funds and other institutional investors own 28.36% of the company’s stock.

A number of equities research analysts recently issued reports on the company. BTIG Research decreased their price target on Olink Holding AB (publ) from $44.00 to $37.00 in a research note on Wednesday, February 16th. Zacks Investment Research raised Olink Holding AB (publ) from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 20th. The Goldman Sachs Group decreased their price target on Olink Holding AB (publ) from $34.00 to $20.00 and set a “neutral” rating for the company in a research note on Wednesday, April 13th. Finally, Morgan Stanley decreased their target price on Olink Holding AB (publ) from $33.00 to $32.00 and set an “equal weight” rating for the company in a research report on Monday, February 14th.

Olink Holding AB (publ) Company Profile (Get Rating)

Olink Holding AB (publ) provides various products and services for the academic, government, biopharmaceutical, biotechnology, and other institutions that focuses on life science research. Its products include Olink Explore for cardiovascular and metabolic, oncology, neurology, or inflammation diseases; Olink Target product line; and Olink Focus product line that consists of custom developed solutions for customers that has identified various proteins of interest or a protein signature to focus on.

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