Alimera Sciences (NASDAQ:ALIM) Given New $8.00 Price Target at HC Wainwright

Alimera Sciences (NASDAQ:ALIMGet Rating) had its price objective decreased by equities research analysts at HC Wainwright from $10.00 to $8.00 in a report issued on Tuesday, The Fly reports. HC Wainwright’s price objective suggests a potential upside of 58.42% from the company’s current price.

Several other analysts have also issued reports on the stock. Zacks Investment Research raised shares of Alimera Sciences from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 27th. Alliance Global Partners cut their target price on shares of Alimera Sciences from $14.50 to $11.00 in a research note on Friday, February 25th. Finally, initiated coverage on shares of Alimera Sciences in a research note on Thursday, May 5th. They issued a “hold” rating for the company.

NASDAQ ALIM opened at $5.05 on Tuesday. The firm’s fifty day moving average price is $5.56 and its two-hundred day moving average price is $5.11. Alimera Sciences has a 1 year low of $3.94 and a 1 year high of $10.50. The firm has a market capitalization of $35.31 million, a P/E ratio of -6.39 and a beta of 1.48.

Alimera Sciences (NASDAQ:ALIMGet Rating) last posted its quarterly earnings results on Monday, May 9th. The biopharmaceutical company reported ($0.85) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.69) by ($0.16). During the same period in the previous year, the company earned ($0.63) EPS. As a group, sell-side analysts expect that Alimera Sciences will post -1.89 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in ALIM. Millennium Management LLC bought a new stake in Alimera Sciences during the 4th quarter worth approximately $65,000. Ensign Peak Advisors Inc acquired a new position in shares of Alimera Sciences in the 3rd quarter worth approximately $81,000. Finally, Morgan Stanley lifted its position in shares of Alimera Sciences by 0.7% in the 2nd quarter. Morgan Stanley now owns 428,109 shares of the biopharmaceutical company’s stock worth $3,896,000 after purchasing an additional 2,797 shares during the period. 40.97% of the stock is currently owned by institutional investors.

Alimera Sciences Company Profile (Get Rating)

Alimera Sciences, Inc, a pharmaceutical company, engages in the development and commercialization of ophthalmic pharmaceuticals in the United States and internationally. It offers ILUVIEN, an intravitreal implant for the treatment of diabetic macular edema (DME), which is a disease of the retina that affects individuals with diabetes and lead to severe vision loss and blindness; and to prevent relapse in recurrent non-infectious uveitis affecting the posterior segment of the eye.

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