Clearside Biomedical Inc (NASDAQ:CLSD) CFO Charles A. Deignan bought 10,000 shares of Clearside Biomedical stock in a transaction dated Friday, March 15th. The stock was purchased at an average price of $1.36 per share, with a total value of $13,600.00. Following the completion of the purchase, the chief financial officer now owns 76,356 shares in the company, valued at $103,844.16. The purchase was disclosed in a filing with the SEC, which is available at this link.
CLSD stock traded up $0.06 during mid-day trading on Monday, reaching $1.48. 12,204 shares of the company traded hands, compared to its average volume of 1,148,679. The company has a market capitalization of $45.47 million, a P/E ratio of -0.55 and a beta of -1.13. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.59 and a current ratio of 4.59. Clearside Biomedical Inc has a fifty-two week low of $0.99 and a fifty-two week high of $15.33.
Clearside Biomedical (NASDAQ:CLSD) last released its quarterly earnings results on Tuesday, March 12th. The company reported ($0.68) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.13). The business had revenue of $0.03 million during the quarter. As a group, sell-side analysts forecast that Clearside Biomedical Inc will post -1.26 earnings per share for the current fiscal year.
Several brokerages have recently commented on CLSD. Zacks Investment Research upgraded Clearside Biomedical from a “hold” rating to a “buy” rating and set a $1.25 target price for the company in a research note on Thursday, January 3rd. ValuEngine downgraded Clearside Biomedical from a “buy” rating to a “hold” rating in a research note on Thursday, January 24th. Finally, Cowen restated a “hold” rating on shares of Clearside Biomedical in a research note on Tuesday, January 22nd. Three analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Clearside Biomedical has an average rating of “Hold” and an average target price of $10.32.
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About Clearside Biomedical
Clearside Biomedical, Inc, a late-stage clinical biopharmaceutical company, develops pharmacological therapies to treat blinding diseases of the eye. It is developing suprachoroidal injection of CLS-TA, a proprietary preservative-free formulation of the corticosteroid triamcinolone acetonide, which is in Phase III clinical trial for the treatment of macular edema associated with non-infectious uveitis; suprachoroidal injection of CLS-TA and a concomitant intravitreal injection of Eylea, an inhibitor of vascular endothelial growth factor that is in Phase III clinical trial to treat macular edema associated with retinal vein occlusion; and suprachoroidal injection of CLS-TA alone or together with intravitreal injection of Eylea that is in phase II clinical trial for diabetic macular edema.
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