Research Analysts Release Outlook for Omega Therapeutics Inc Earnings in Q1 2023 (NASDAQ: OMGA)
Omega Therapeutics Inc (NASDAQ: OMGA) – Piper Sandler stock research analysts released their estimates for first quarter 2023 earnings per share for Omega Therapeutics shares in a report released on Wednesday, November 10. Piper Sandler analyst E. Tenthoff expects the company to post earnings of ($ 0.80) per share for the quarter. Piper Sandler currently has an “overweight” rating and a price target of $ 30.00 on the stock. Piper Sandler also released second quarter 2023 earnings estimates for Omega Therapeutics at ($ 0.86) per share, third quarter 2023 earnings at ($ 0.93) per share, and fiscal 2023 earnings. at ($ 3.59) per share. Omega Therapeutics (NASDAQ: OMGA) last released its quarterly results on Wednesday, November 10. The company reported ($ 0.57) EPS for the quarter, missing ($ 0.09) Zacks’ consensus estimate ($ 0.48).
Other equity research analysts have also recently published reports on the company. The Goldman Sachs group launched coverage on Omega Therapeutics in a report on Tuesday, August 24. They issued a “neutral” rating and a target price of $ 22.00 for the company. Wedbush began covering Omega Therapeutics in a research report on Tuesday, August 24. They set an “outperformance” rating and a target price of $ 36.00 for the stock. Zacks investment research downgraded Omega Therapeutics from a âholdâ rating to a âbuyâ rating and set a target price of $ 23.00 on the stock in a research report released Thursday. Finally, Jefferies Financial Group began covering Omega Therapeutics in a research report on Tuesday, August 24. They set a âbuyâ rating and a target price of $ 30.00 on the stock. One analyst rated the stock with a conservation rating and four gave the company a buy rating. According to MarketBeat.com, the company currently has an average âBuyâ rating and an average target price of $ 28.20.
OMGA shares opened at $ 22.02 on Thursday. The company has a 50-day simple moving average of $ 21.28. Omega Therapeutics has a fifty-two week low of $ 15.50 and a fifty-two week high of $ 31.41.
A number of hedge funds and other institutional investors have recently changed their positions in OMGA. BlackRock Inc. purchased a new position in Omega Therapeutics shares in the third quarter valued at approximately $ 18,061,000. Platinum Investment Management Ltd. purchased a new position in Omega Therapeutics during the third quarter for a value of approximately $ 9,425,000. Monashee Investment Management LLC purchased a new equity stake in Omega Therapeutics in the 3rd quarter valued at $ 8,316,000. The Michigan State Pension System purchased a new stake in Omega Therapeutics shares in the third quarter for a value of $ 5,544,000. Finally, Victory Capital Management Inc. purchased a new position in Omega Therapeutics shares in the third quarter for a value of $ 2,301,000. Institutional investors and hedge funds hold 54.25% of the company’s shares.
Omega Therapeutics Company Profile
Omega Therapeutics Inc is a developing biotechnology company. Its OMEGA Epigenomic Programming (TM) platform harnesses the power of epigenetics to develop a new class of programmable epigenetic drugs targeting DNA sequence and encoded by mRNA. Omega Therapeutics Inc is based in CAMBRIDGE, Mass.
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