Eyepoint Pharmaceuticals Inc (NASDAQ:EYPT) shares rose 7.8% during mid-day trading on Thursday . The stock traded as high as $1.66 and last traded at $1.65. Approximately 401,392 shares changed hands during mid-day trading, an increase of 6% from the average daily volume of 378,469 shares. The stock had previously closed at $1.53.
EYPT has been the subject of several recent research reports. HC Wainwright reiterated a “buy” rating and issued a $4.50 price objective on shares of Eyepoint Pharmaceuticals in a research note on Thursday, May 9th. Zacks Investment Research upgraded Eyepoint Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Finally, ValuEngine cut Eyepoint Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st.
The business has a 50 day moving average of $1.64. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.96 and a quick ratio of 1.93.
In related news, Director John B. Landis acquired 40,000 shares of Eyepoint Pharmaceuticals stock in a transaction dated Monday, May 13th. The shares were acquired at an average cost of $1.74 per share, for a total transaction of $69,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 18.91% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the business. Arcus Capital Partners LLC acquired a new stake in Eyepoint Pharmaceuticals during the first quarter worth about $45,000. Bank of New York Mellon Corp increased its stake in Eyepoint Pharmaceuticals by 78.5% during the fourth quarter. Bank of New York Mellon Corp now owns 51,501 shares of the company’s stock worth $97,000 after acquiring an additional 22,645 shares during the last quarter. Tibra Equities Europe Ltd acquired a new stake in Eyepoint Pharmaceuticals during the first quarter worth about $202,000. Northern Trust Corp increased its stake in Eyepoint Pharmaceuticals by 10.8% during the fourth quarter. Northern Trust Corp now owns 113,544 shares of the company’s stock worth $215,000 after acquiring an additional 11,064 shares during the last quarter. Finally, Laurion Capital Management LP increased its stake in Eyepoint Pharmaceuticals by 152.5% during the first quarter. Laurion Capital Management LP now owns 188,600 shares of the company’s stock worth $338,000 after acquiring an additional 113,900 shares during the last quarter. Institutional investors own 58.29% of the company’s stock.
Eyepoint Pharmaceuticals Company Profile (NASDAQ:EYPT)
EyePoint Pharmaceuticals, Inc, a specialty biopharmaceutical company, develops and commercializes ophthalmic products for the treatment of eye diseases in the United States and Europe. It provides ILUVIEN for the treatment of diabetic macular edema; YUTIQ, a non-erodible fluocinolone acetonide insert for the treatment of non-infectious posterior uveitis (NIPU) that is in the Phase III clinical trials; and Retisert (fluocinolone acetonide intravitreal implant), a sustained-release implant for the treatment of posterior segment uveitis.
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