Olink Holding AB (publ) (NASDAQ:OLK) Sees Strong Trading Volume

Olink Holding AB (publ) (NASDAQ:OLKGet Free Report) saw unusually-strong trading volume on Monday . Approximately 2,468,920 shares traded hands during trading, an increase of 303% from the previous session’s volume of 612,378 shares.The stock last traded at $25.98 and had previously closed at $25.76.

Analysts Set New Price Targets

A number of research firms recently issued reports on OLK. Morgan Stanley restated an “equal weight” rating and issued a $26.00 target price on shares of Olink Holding AB (publ) in a report on Tuesday, March 26th. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $26.00 price target on shares of Olink Holding AB (publ) in a report on Tuesday, March 26th.

Check Out Our Latest Stock Report on OLK

Olink Holding AB (publ) Trading Up 0.9 %

The firm’s 50-day moving average price is $24.39 and its 200 day moving average price is $24.11.

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 for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). Olink Holding AB (publ) had a negative net margin of 19.72% and a negative return on equity of 7.07%. The business had revenue of $28.75 million during the quarter, compared to analyst estimates of $31.29 million. On average, research analysts expect that Olink Holding AB will post -0.19 EPS for the current fiscal year.

Hedge Funds Weigh In On Olink Holding AB (publ)

A number of large investors have recently made changes to their positions in the business. KRYGER CAPITAL Ltd acquired a new position in shares of Olink Holding AB (publ) in the 1st quarter valued at about $11,415,000. Blackstone Inc. increased its holdings in Olink Holding AB (publ) by 42.0% in the first quarter. Blackstone Inc. now owns 11,408 shares of the company’s stock worth $268,000 after buying an additional 3,373 shares during the last quarter. Absolute Gestao de Investimentos Ltda. acquired a new position in Olink Holding AB (publ) in the first quarter worth approximately $12,853,000. Alpine Global Management LLC acquired a new position in Olink Holding AB (publ) in the first quarter worth approximately $486,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. increased its holdings in Olink Holding AB (publ) by 111.8% in the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 247,443 shares of the company’s stock worth $5,817,000 after buying an additional 130,600 shares during the last quarter. Institutional investors and hedge funds own 30.19% of the company’s stock.

About Olink Holding AB (publ)

(Get 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.

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