Ovid Therapeutics (OVID) Releases Earnings Results, Beats Estimates By $0.07 EPS

Ovid Therapeutics (NASDAQ:OVID) announced its earnings results on Thursday. The company reported ($0.53) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.60) by $0.07, MarketWatch Earnings reports.

Shares of OVID stock traded down $0.41 during trading hours on Friday, reaching $5.15. 24,520 shares of the company were exchanged, compared to its average volume of 77,724. Ovid Therapeutics has a fifty-two week low of $4.74 and a fifty-two week high of $12.44. The firm has a market capitalization of $134.00 million, a price-to-earnings ratio of -1.54 and a beta of 1.15.

A number of equities analysts have recently issued reports on the stock. BidaskClub upgraded shares of Ovid Therapeutics from a “hold” rating to a “buy” rating in a research report on Sunday, July 15th. ValuEngine upgraded shares of Ovid Therapeutics from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 2nd. Zacks Investment Research upgraded shares of Ovid Therapeutics from a “hold” rating to a “buy” rating and set a $7.25 target price on the stock in a research report on Saturday, August 18th. Finally, Piper Jaffray Companies set a $20.00 target price on shares of Ovid Therapeutics and gave the stock a “buy” rating in a research report on Sunday, August 12th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Ovid Therapeutics has a consensus rating of “Buy” and a consensus price target of $17.75.

In related news, Director Douglas E. Williams bought 5,000 shares of Ovid Therapeutics stock in a transaction dated Tuesday, August 14th. The shares were bought at an average cost of $6.49 per share, for a total transaction of $32,450.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 43.90% of the stock is currently owned by corporate insiders.

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Ovid Therapeutics Company Profile

Ovid Therapeutics Inc, a biopharmaceutical company, develops impactful medicines for patients and families with neurological disorders in the United States. The company is developing OV101, a drug candidate which has completed Phase II clinical trial for adults with angelman syndrome; and Phase I clinical trial for adolescents with angelman syndrome or fragile X syndrome.

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Earnings History for Ovid Therapeutics (NASDAQ:OVID)

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