EAM Investors LLC Invests $661,000 in Eyepoint Pharmaceuticals Inc (EYPT) Stock

EAM Investors LLC acquired a new position in shares of Eyepoint Pharmaceuticals Inc (NASDAQ:EYPT) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 185,227 shares of the company’s stock, valued at approximately $661,000. EAM Investors LLC owned about 0.25% of Eyepoint Pharmaceuticals as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. FineMark National Bank & Trust purchased a new position in Eyepoint Pharmaceuticals during the 2nd quarter worth $118,000. Private Advisor Group LLC purchased a new position in Eyepoint Pharmaceuticals during the 3rd quarter worth $134,000. California Public Employees Retirement System purchased a new position in Eyepoint Pharmaceuticals during the 2nd quarter worth $135,000. Creative Planning purchased a new position in Eyepoint Pharmaceuticals during the 2nd quarter worth $162,000. Finally, Bard Associates Inc. purchased a new position in Eyepoint Pharmaceuticals during the 2nd quarter worth $189,000. Institutional investors own 45.34% of the company’s stock.

NASDAQ:EYPT opened at $2.23 on Friday. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 0.37. Eyepoint Pharmaceuticals Inc has a fifty-two week low of $0.93 and a fifty-two week high of $3.94.

Eyepoint Pharmaceuticals (NASDAQ:EYPT) last posted its quarterly earnings results on Tuesday, November 6th. The company reported ($0.19) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.06). Eyepoint Pharmaceuticals had a negative return on equity of 193.49% and a negative net margin of 2,622.93%. The company had revenue of $0.49 million for the quarter, compared to analyst estimates of $0.70 million. As a group, research analysts forecast that Eyepoint Pharmaceuticals Inc will post -0.47 earnings per share for the current fiscal year.

A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Eyepoint Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. ValuEngine upgraded shares of Eyepoint Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Monday, October 29th. HC Wainwright set a $3.00 price objective on shares of Eyepoint Pharmaceuticals and gave the stock a “buy” rating in a research report on Friday, July 27th. Finally, B. Riley upped their price objective on shares of Eyepoint Pharmaceuticals from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Tuesday, October 16th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $5.50.

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Eyepoint Pharmaceuticals Profile

EyePoint Pharmaceuticals, Inc, a specialty biopharmaceutical company, develops and commercializes ophthalmic products for the treatment of eye diseases. The company's lead product is ILUVIEN for the treatment of diabetic macular edema; and product candidate is YUTIQ, a non-erodible fluocinolone acetonide insert for the treatment of non-infectious posterior uveitis that is in the Phase III clinical trials.

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Institutional Ownership by Quarter for Eyepoint Pharmaceuticals (NASDAQ:EYPT)

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