UBS Group AG Increases Stock Position in Olink Holding AB (publ) (NASDAQ:OLK)

UBS Group AG raised its position in shares of Olink Holding AB (publ) (NASDAQ:OLKFree Report) by 5,531.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 253,400 shares of the company’s stock after buying an additional 248,900 shares during the period. UBS Group AG owned about 0.20% of Olink Holding AB (publ) worth $6,373,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Alpine Associates Management Inc. purchased a new stake in shares of Olink Holding AB (publ) in the 4th quarter worth about $47,302,000. Rock Springs Capital Management LP lifted its position in shares of Olink Holding AB (publ) by 1.4% in the 3rd quarter. Rock Springs Capital Management LP now owns 1,676,500 shares of the company’s stock worth $24,728,000 after purchasing an additional 22,500 shares during the period. Tokio Marine Asset Management Co. Ltd. purchased a new stake in shares of Olink Holding AB (publ) in the 4th quarter worth about $16,735,000. New York Life Investment Management LLC purchased a new stake in shares of Olink Holding AB (publ) in the 4th quarter worth about $6,522,000. Finally, BCK Capital Management LP purchased a new stake in shares of Olink Holding AB (publ) in the 4th quarter worth about $2,055,000. Hedge funds and other institutional investors own 30.19% of the company’s stock.

Analyst Ratings Changes

OLK has been the subject of several research analyst reports. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $26.00 target price on shares of Olink Holding AB (publ) in a research report on Tuesday, March 26th. Morgan Stanley reiterated an “equal weight” rating and issued a $26.00 price target on shares of Olink Holding AB (publ) in a research note on Tuesday, March 26th.

Get Our Latest Stock Report on OLK

Olink Holding AB (publ) Price Performance

Shares of Olink Holding AB (publ) stock opened at $24.45 on Friday. The company has a 50-day moving average of $23.37 and a 200 day moving average of $24.22. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of -90.55 and a beta of 0.50. Olink Holding AB has a 1 year low of $14.10 and a 1 year high of $26.01.

Olink Holding AB (publ) (NASDAQ:OLKGet Free Report) last issued its quarterly earnings results on Monday, May 13th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.01). The business had revenue of $28.75 million during the quarter, compared to the consensus estimate of $31.29 million. Olink Holding AB (publ) had a negative return on equity of 7.07% and a negative net margin of 19.72%. On average, equities analysts anticipate that Olink Holding AB will post -0.19 EPS for the current year.

Olink Holding AB (publ) Company Profile

(Free Report)

Olink Holding AB (publ) develops, produces, markets, and sells biotechnological 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 that consist of Explore 372 and Explore 384 for cardiovascular and metabolic, oncology, neurology, and 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.

Further Reading

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Institutional Ownership by Quarter for Olink Holding AB (publ) (NASDAQ:OLK)

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