Opiant Pharmaceuticals, Inc. (NASDAQ:OPNT – Get Rating) – Equities researchers at Oppenheimer issued their Q1 2023 earnings estimates for Opiant Pharmaceuticals in a research report issued to clients and investors on Friday, August 12th. Oppenheimer analyst L. Gershell forecasts that the technology company will post earnings of ($1.70) per share for the quarter. The consensus estimate for Opiant Pharmaceuticals' current full-year earnings is ($6.21) per share. Oppenheimer also issued estimates for Opiant Pharmaceuticals' Q2 2023 earnings at ($1.77) EPS, Q3 2023 earnings at $0.81 EPS, Q4 2023 earnings at $1.98 EPS and FY2023 earnings at $0.58 EPS.
Get Opiant Pharmaceuticals alerts:Separately, TheStreet lowered shares of Opiant Pharmaceuticals from a "c" rating to a "d+" rating in a research report on Tuesday, May 31st.
Opiant Pharmaceuticals Stock Performance
Shares of NASDAQ OPNT opened at $13.48 on Monday. The firm has a 50 day moving average of $11.52 and a 200 day moving average of $18.14. The company has a current ratio of 8.72, a quick ratio of 8.72 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $68.48 million, a price-to-earnings ratio of -3.31 and a beta of 0.52. Opiant Pharmaceuticals has a 12-month low of $7.34 and a 12-month high of $37.71.Insider Activity at Opiant Pharmaceuticals
In related news, Director Michael Sinclair sold 9,736 shares of the business's stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $13.88, for a total transaction of $135,135.68. Following the completion of the sale, the director now directly owns 59,484 shares in the company, valued at $825,637.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Craig A. Collard purchased 4,037 shares of the company's stock in a transaction on Monday, June 13th. The stock was acquired at an average cost of $10.94 per share, for a total transaction of $44,164.78. Following the completion of the transaction, the director now directly owns 53,822 shares in the company, valued at approximately $588,812.68. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael Sinclair sold 9,736 shares of the company's stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $13.88, for a total transaction of $135,135.68. Following the completion of the transaction, the director now owns 59,484 shares of the company's stock, valued at $825,637.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,751 shares of company stock worth $304,412. 25.15% of the stock is owned by company insiders.
Hedge Funds Weigh In On Opiant Pharmaceuticals
A number of hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in shares of Opiant Pharmaceuticals by 10.7% in the first quarter. JPMorgan Chase & Co. now owns 7,466 shares of the technology company's stock worth $160,000 after buying an additional 723 shares in the last quarter. Essex Investment Management Co. LLC lifted its holdings in shares of Opiant Pharmaceuticals by 2.5% in the first quarter. Essex Investment Management Co. LLC now owns 32,040 shares of the technology company's stock worth $686,000 after buying an additional 777 shares in the last quarter. Parkman Healthcare Partners LLC lifted its holdings in shares of Opiant Pharmaceuticals by 4.0% in the first quarter. Parkman Healthcare Partners LLC now owns 32,557 shares of the technology company's stock worth $697,000 after buying an additional 1,266 shares in the last quarter. State Street Corp lifted its holdings in shares of Opiant Pharmaceuticals by 10.7% in the first quarter. State Street Corp now owns 13,285 shares of the technology company's stock worth $285,000 after buying an additional 1,285 shares in the last quarter. Finally, Advisor Group Holdings Inc. lifted its holdings in shares of Opiant Pharmaceuticals by 28.5% in the fourth quarter. Advisor Group Holdings Inc. now owns 8,125 shares of the technology company's stock worth $273,000 after buying an additional 1,800 shares in the last quarter. 27.93% of the stock is currently owned by institutional investors.
About Opiant Pharmaceuticals
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Opiant Pharmaceuticals, Inc, a specialty pharmaceutical company, develops medicines for addictions and drug overdose. The company offers NARCAN nasal spray, a treatment to reverse opioid overdoses. Its pipeline of product candidates includes medicines for the treatment for opioid overdose reversal; alcohol use disorders; acute cannabinoid overdose; and opioid use disorders.
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