Olink Holding AB (publ) (NASDAQ:OLK) Receives Average Recommendation of “Hold” from Analysts

Shares of Olink Holding AB (publ) (NASDAQ:OLK) have received a consensus rating of “Hold” from the six brokerages that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $25.20.

OLK has been the subject of several analyst reports. Morgan Stanley upped their target price on Olink Holding AB (publ) from $18.00 to $26.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 24th. Leerink Partnrs downgraded Olink Holding AB (publ) from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 17th. Finally, Scotiabank reissued a “sector perform” rating on shares of Olink Holding AB (publ) in a report on Wednesday, October 18th.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. New York State Common Retirement Fund raised its position in shares of Olink Holding AB (publ) by 3.7% during the 3rd quarter. New York State Common Retirement Fund now owns 67,166 shares of the company’s stock valued at $991,000 after acquiring an additional 2,368 shares during the last quarter. Jump Financial LLC bought a new position in shares of Olink Holding AB (publ) in the 3rd quarter valued at about $232,000. TD Asset Management Inc grew its holdings in shares of Olink Holding AB (publ) by 73.7% in the 3rd quarter. TD Asset Management Inc now owns 403,924 shares of the company’s stock valued at $5,958,000 after acquiring an additional 171,395 shares in the last quarter. Woodline Partners LP grew its holdings in shares of Olink Holding AB (publ) by 17.0% in the 2nd quarter. Woodline Partners LP now owns 1,109,607 shares of the company’s stock valued at $20,805,000 after acquiring an additional 160,960 shares in the last quarter. Finally, Granahan Investment Management LLC lifted its stake in Olink Holding AB (publ) by 7.3% in the 2nd quarter. Granahan Investment Management LLC now owns 777,203 shares of the company’s stock valued at $14,573,000 after purchasing an additional 52,688 shares during the last quarter. Institutional investors own 32.25% of the company’s stock.

Olink Holding AB (publ) Trading Up 0.4 %

Shares of OLK stock opened at $24.84 on Monday. The company has a current ratio of 7.41, a quick ratio of 5.84 and a debt-to-equity ratio of 0.01. Olink Holding AB has a twelve month low of $14.10 and a twelve month high of $26.47. The company has a market capitalization of $3.09 billion, a P/E ratio of -177.42 and a beta of 0.60. The business’s 50 day moving average is $18.76 and its two-hundred day moving average is $18.81.

About Olink Holding AB (publ)

Olink Holding AB (publ) provides various products and services for the academic, government, biopharmaceutical, biotechnology, service provider, and other institutions that focuses on life science research. The company's products include Olink Explore for cardiovascular and metabolic, oncology, neurology, or inflammation diseases; Olink Target product line; Olink Flex, a low-plex applications and use-cases; 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.