Opiant Pharmaceuticals (NASDAQ:OPNT) posted its quarterly earnings data on Wednesday. The technology company reported ($0.32) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.21), Fidelity Earnings reports. Opiant Pharmaceuticals had a negative net margin of 449.52% and a negative return on equity of 471.43%. The firm had revenue of $4.37 million during the quarter, compared to the consensus estimate of $4.70 million.
NASDAQ OPNT traded down $0.32 on Thursday, hitting $17.03. 13,254 shares of the company were exchanged, compared to its average volume of 41,092. The firm has a market cap of $49.01 million, a PE ratio of 5.79 and a beta of 0.34. Opiant Pharmaceuticals has a 12 month low of $12.75 and a 12 month high of $36.27.
In other Opiant Pharmaceuticals news, CEO Roger Crystal sold 10,847 shares of the company’s stock in a transaction on Tuesday, October 9th. The shares were sold at an average price of $17.21, for a total transaction of $186,676.87. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Phil Skolnick sold 4,778 shares of the company’s stock in a transaction on Thursday, October 4th. The stock was sold at an average price of $18.32, for a total transaction of $87,532.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,896 shares of company stock worth $641,136. 63.82% of the stock is owned by insiders.
Several brokerages recently issued reports on OPNT. ValuEngine lowered shares of Opiant Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Saturday, July 28th. Cantor Fitzgerald set a $42.00 target price on shares of Opiant Pharmaceuticals and gave the stock a “buy” rating in a research note on Friday, September 28th.
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About Opiant Pharmaceuticals
Opiant Pharmaceuticals, Inc, a specialty pharmaceutical company, develops pharmacological treatments for substance use, addictive and eating disorders. The company offers NARCAN nasal spray, a treatment to reverse opioid overdoses. Its pipeline of product candidates includes treatments for eating disorders, including bulimia nervosa and binge eating disorders, alcohol use disorders, a long term treatment to prevent relapse for patients with opioid use disorders, cocaine use disorders, and a heroin vaccine.
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