Olink Holding AB (publ) (NASDAQ:OLK) Reaches New 12-Month High at $26.09

Olink Holding AB (publ) (NASDAQ:OLK)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $26.09 and last traded at $26.08, with a volume of 1889835 shares changing hands. The stock had previously closed at $26.00.

Analysts Set New Price Targets

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

Olink Holding AB (publ) Stock Performance

The firm’s 50-day simple moving average is $24.64 and its two-hundred day simple moving average is $24.15. The stock has a market capitalization of $3.24 billion, a PE ratio of -96.59 and a beta of 0.52.

Olink Holding AB (publ) (NASDAQ:OLK) last posted its quarterly earnings results on Monday, May 13th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $31.29 million. As a group, research analysts expect that Olink Holding AB will post -0.19 earnings per share for the current year.

Institutional Investors Weigh In On Olink Holding AB (publ)

A number of institutional investors have recently modified their holdings of the stock. Assetmark Inc. raised its holdings in shares of Olink Holding AB (publ) by 30.5% during the 4th quarter. Assetmark Inc. now owns 2,874 shares of the company’s stock valued at $72,000 after purchasing an additional 672 shares in the last quarter. Blackstone Inc. raised its holdings in Olink Holding AB (publ) by 42.0% during the first quarter. Blackstone Inc. now owns 11,408 shares of the company’s stock valued at $268,000 after buying an additional 3,373 shares in the last quarter. Picton Mahoney Asset Management raised its holdings in Olink Holding AB (publ) by 20.0% during the first quarter. Picton Mahoney Asset Management now owns 60,000 shares of the company’s stock valued at $1,411,000 after buying an additional 10,000 shares in the last quarter. Gamco Investors INC. ET AL lifted its position in shares of Olink Holding AB (publ) by 7.1% in the first quarter. Gamco Investors INC. ET AL now owns 179,400 shares of the company’s stock worth $4,218,000 after buying an additional 11,900 shares during the last quarter. Finally, PenderFund Capital Management Ltd. bought a new stake in shares of Olink Holding AB (publ) during the 4th quarter worth about $393,000. Institutional investors and hedge funds own 30.19% of the company’s stock.

About Olink Holding AB (publ)

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.