Q2 2024 EPS Estimates for Olink Holding AB (publ) (NASDAQ:OLK) Cut by Analyst

Olink Holding AB (publ) (NASDAQ:OLKFree Report) – Equities research analysts at Leerink Partnrs decreased their Q2 2024 earnings per share (EPS) estimates for shares of Olink Holding AB (publ) in a note issued to investors on Monday, May 13th. Leerink Partnrs analyst P. Souda now anticipates that the company will post earnings per share of ($0.13) for the quarter, down from their previous forecast of ($0.11). The consensus estimate for Olink Holding AB (publ)’s current full-year earnings is ($0.18) per share. Leerink Partnrs also issued estimates for Olink Holding AB (publ)’s Q3 2024 earnings at ($0.06) EPS, FY2024 earnings at ($0.23) EPS, Q3 2025 earnings at ($0.02) EPS and FY2025 earnings at ($0.11) EPS.

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

Olink Holding AB (publ) Stock Performance

Olink Holding AB (publ) stock opened at $24.01 on Thursday. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of -88.92 and a beta of 0.50. Olink Holding AB has a 52-week low of $14.10 and a 52-week high of $26.01. The firm has a 50 day moving average price of $23.33 and a two-hundred day moving average price of $24.32.

Olink Holding AB (publ) (NASDAQ:OLKGet Free Report) last issued its quarterly earnings data on Monday, May 13th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). Olink Holding AB (publ) had a negative return on equity of 7.00% and a negative net margin of 19.72%. The company had revenue of $28.75 million for the quarter, compared to the consensus estimate of $31.29 million.

Hedge Funds Weigh In On Olink Holding AB (publ)

Institutional investors and hedge funds have recently modified their holdings of the business. Picton Mahoney Asset Management acquired a new position in shares of Olink Holding AB (publ) during the 4th quarter valued at $1,300,000. New York Life Investment Management LLC acquired a new position in shares of Olink Holding AB (publ) during the fourth quarter valued at about $6,522,000. TD Asset Management Inc boosted its position in shares of Olink Holding AB (publ) by 73.7% during the 3rd quarter. TD Asset Management Inc now owns 403,924 shares of the company’s stock worth $5,958,000 after purchasing an additional 171,395 shares in the last quarter. Alpine Associates Management Inc. acquired a new stake in shares of Olink Holding AB (publ) in the 4th quarter valued at about $47,302,000. Finally, BCK Capital Management LP bought a new stake in Olink Holding AB (publ) in the 4th quarter valued at about $2,055,000. 30.19% of the stock is currently owned by institutional investors.

Olink Holding AB (publ) Company Profile

(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.

See Also

Earnings History and Estimates for Olink Holding AB (publ) (NASDAQ:OLK)

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