Olink Holding AB (publ) (NASDAQ:OLK) Reaches New 1-Year High at $26.09

Olink Holding AB (publ) (NASDAQ:OLK) shares 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.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on OLK shares. Morgan Stanley reissued an “equal weight” rating and issued a $26.00 price objective on shares of Olink Holding AB (publ) in a research report on Tuesday, March 26th. Canaccord Genuity Group restated a “hold” rating and set a $26.00 price target on shares of Olink Holding AB (publ) in a research report on Tuesday, March 26th.

Olink Holding AB (publ) Price Performance

The firm has a 50 day moving average of $24.64 and a 200 day moving average of $24.15. The firm has a market cap of $3.24 billion, a PE ratio of -96.59 and a beta of 0.52.

Olink Holding AB (publ) (NASDAQ:OLK) last issued its quarterly earnings results on Monday, May 13th. The company reported ($0.13) EPS 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 firm had revenue of $28.75 million for the quarter, compared to analysts’ expectations of $31.29 million. On average, research analysts anticipate that Olink Holding AB will post -0.19 EPS for the current year.

Institutional Inflows and Outflows

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

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.