Evolus Sees Unusually Large Options Volume (EOLS)

Evolus Inc (NASDAQ:EOLS) saw unusually large options trading on Thursday. Stock traders acquired 2,135 call options on the company. This is an increase of approximately 1,343% compared to the average volume of 148 call options.

A number of equities analysts have weighed in on EOLS shares. HC Wainwright reissued a “buy” rating and set a $37.00 price objective on shares of Evolus in a research note on Thursday, April 4th. Zacks Investment Research lowered Evolus from a “hold” rating to a “sell” rating in a research note on Wednesday, January 23rd. Stifel Nicolaus started coverage on Evolus in a research note on Monday, January 28th. They set a “buy” rating and a $27.00 price objective on the stock. SunTrust Banks started coverage on Evolus in a research note on Wednesday, March 20th. They set a “buy” rating and a $30.00 price objective on the stock. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of Evolus in a research note on Tuesday, March 19th. One analyst has rated the stock with a sell rating and seven have issued a buy rating to the stock. Evolus has a consensus rating of “Buy” and an average price target of $30.71.

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted its stake in shares of Evolus by 104.9% in the 3rd quarter. BlackRock Inc. now owns 615,719 shares of the company’s stock valued at $11,465,000 after purchasing an additional 315,210 shares during the last quarter. Inverness Counsel LLC NY acquired a new position in shares of Evolus in the 4th quarter valued at $190,000. Citigroup Inc. lifted its stake in shares of Evolus by 4,361.6% in the 4th quarter. Citigroup Inc. now owns 24,851 shares of the company’s stock valued at $296,000 after purchasing an additional 24,294 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Evolus by 32.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 20,367 shares of the company’s stock valued at $379,000 after purchasing an additional 5,005 shares during the last quarter. Finally, Chartwell Investment Partners LLC acquired a new position in shares of Evolus in the 4th quarter valued at $903,000. 19.33% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ EOLS opened at $16.10 on Friday. Evolus has a fifty-two week low of $10.22 and a fifty-two week high of $39.50. The firm has a market cap of $440.06 million, a price-to-earnings ratio of -10.25 and a beta of 5.01. The company has a current ratio of 14.80, a quick ratio of 14.52 and a debt-to-equity ratio of 0.96.

Evolus (NASDAQ:EOLS) last announced its quarterly earnings results on Tuesday, April 30th. The company reported ($0.93) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.82) by ($0.11). Equities analysts anticipate that Evolus will post -3.06 EPS for the current year.

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Evolus Company Profile

Evolus, Inc, a performance beauty company, provides medical aesthetic products for physicians and their patients in the United States. It offers Jeuveau, a proprietary 900 kilodalton purified botulinum toxin type A formulation for the temporary improvement in the appearance of moderate to severe glabellar lines in adults.

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