Alimera Sciences’ (ALIM) “Buy” Rating Reaffirmed at HC Wainwright

HC Wainwright reiterated their buy rating on shares of Alimera Sciences, Inc. (NASDAQ:ALIM) in a report released on Wednesday morning. The brokerage currently has a $5.00 target price on the biopharmaceutical company’s stock.

A number of other research firms have also weighed in on ALIM. ValuEngine lowered Alimera Sciences from a sell rating to a strong sell rating in a research note on Monday, September 18th. Zacks Investment Research lowered Alimera Sciences from a hold rating to a sell rating in a research note on Thursday, August 17th. Finally, Cowen Inc reaffirmed a buy rating on shares of Alimera Sciences in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Alimera Sciences currently has a consensus rating of Hold and an average price target of $3.38.

Shares of Alimera Sciences (NASDAQ ALIM) opened at $1.26 on Wednesday. Alimera Sciences has a 52 week low of $1.04 and a 52 week high of $1.72. The company has a current ratio of 4.84, a quick ratio of 4.65 and a debt-to-equity ratio of -0.71.

Institutional investors and hedge funds have recently bought and sold shares of the business. KCG Holdings Inc. raised its holdings in Alimera Sciences by 127.0% in the first quarter. KCG Holdings Inc. now owns 78,604 shares of the biopharmaceutical company’s stock worth $110,000 after purchasing an additional 43,977 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Alimera Sciences by 24.3% in the second quarter. PNC Financial Services Group Inc. now owns 180,300 shares of the biopharmaceutical company’s stock worth $251,000 after purchasing an additional 35,200 shares in the last quarter. Stonepine Capital Management LLC raised its holdings in Alimera Sciences by 158.2% in the third quarter. Stonepine Capital Management LLC now owns 477,226 shares of the biopharmaceutical company’s stock worth $644,000 after purchasing an additional 292,399 shares in the last quarter. Finally, JW Asset Management LLC raised its holdings in Alimera Sciences by 15.6% in the second quarter. JW Asset Management LLC now owns 966,000 shares of the biopharmaceutical company’s stock worth $1,343,000 after purchasing an additional 130,000 shares in the last quarter. Institutional investors and hedge funds own 37.33% of the company’s stock.

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About Alimera Sciences

Alimera Sciences, Inc (Alimera) is a pharmaceutical company. The Company is engaged in the research, development and commercialization of prescription ophthalmic pharmaceuticals. The Company operates through two segments: U.S. and International. The Company focuses on diseases affecting the back of the eye or retina.

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