Edge Therapeutics, Inc. (EDGE) Reaches $10.77 After 7.00% Down Move; Oberweis Asset Management Trimmed By $7.35 Million Its Inphi Corp. (IPHI) Stake

January 14, 2018 - By Darrin Black

Oberweis Asset Management Inc decreased Inphi Corp. (IPHI) stake by 95.25% reported in 2017Q3 SEC filing. Oberweis Asset Management Inc sold 188,385 shares as Inphi Corp. (IPHI)’s stock declined 24.15%. The Oberweis Asset Management Inc holds 9,400 shares with $373,000 value, down from 197,785 last quarter. Inphi Corp. now has $1.64B valuation. The stock increased 0.63% or $0.24 during the last trading session, reaching $38.63. About 369,751 shares traded. Inphi Corporation (NYSE:IPHI) has risen 38.34% since January 14, 2017 and is uptrending. It has outperformed by 21.64% the S&P500.

The stock of Edge Therapeutics, Inc. (NASDAQ:EDGE) is a huge mover today! The stock decreased 3.32% or $0.37 during the last trading session, reaching $10.77. About 209,953 shares traded or 189.18% up from the average. Edge Therapeutics, Inc. (NASDAQ:EDGE) has risen 23.72% since January 14, 2017 and is uptrending. It has outperformed by 7.02% the S&P500.The move comes after 8 months negative chart setup for the $332.35 million company. It was reported on Jan, 14 by Barchart.com. We have $10.02 PT which if reached, will make NASDAQ:EDGE worth $23.26M less.




Among 4 analysts covering Edge Therapeutics (NASDAQ:EDGE), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Edge Therapeutics had 5 analyst reports since October 26, 2015 according to SRatingsIntel. Guggenheim initiated the shares of EDGE in report on Monday, October 26 with “Buy” rating. The firm has “Outperform” rating by Credit Suisse given on Monday, October 26. The firm earned “Outperform” rating on Monday, October 26 by Leerink Swann. The firm earned “Outperform” rating on Monday, May 9 by Credit Suisse. JMP Securities initiated it with “Market Outperform” rating and $34 target in Monday, October 26 report.

Analysts await Edge Therapeutics, Inc. (NASDAQ:EDGE) to report earnings on March, 1. They expect $-0.47 earnings per share, down 42.42% or $0.14 from last year’s $-0.33 per share. After $-0.37 actual earnings per share reported by Edge Therapeutics, Inc. for the previous quarter, Wall Street now forecasts 27.03% negative EPS growth.

Edge Therapeutics, Inc., a clinical-stage biotechnology company, discovers, develops, and seeks to commercialize hospital therapies for acute life-threatening neurological and other conditions. The company has market cap of $332.35 million. The Company’s lead product includes EG-1962, a polymer microsphere used for the treatment of aneurysmal subarachnoid hemorrhage. It currently has negative earnings. The firm is also developing EG-1964 for the management of chronic subdural hematoma as a prophylactic treatment to prevent recurrent bleeding on the surface of the brain.

Oberweis Asset Management Inc increased Coherent Inc (NASDAQ:COHR) stake by 35,090 shares to 38,121 valued at $8.97M in 2017Q3. It also upped Tal Education Group Adr (NYSE:XRS) stake by 304,182 shares and now owns 369,067 shares. Children’s Place (NASDAQ:PLCE) was raised too.

Since September 30, 2017, it had 0 insider buys, and 3 insider sales for $20,791 activity. Another trade for 179 shares valued at $6,786 was sold by Torten Ron. 119 shares were sold by Ogawa Richard, worth $4,511 on Wednesday, January 3.

Among 17 analysts covering Inphi (NYSE:IPHI), 14 have Buy rating, 0 Sell and 3 Hold. Therefore 82% are positive. Inphi had 63 analyst reports since July 29, 2015 according to SRatingsIntel. Stifel Nicolaus maintained Inphi Corporation (NYSE:IPHI) on Wednesday, October 28 with “Buy” rating. Stifel Nicolaus maintained it with “Buy” rating and $38 target in Friday, February 5 report. The stock of Inphi Corporation (NYSE:IPHI) earned “Overweight” rating by Morgan Stanley on Wednesday, December 13. Stifel Nicolaus maintained Inphi Corporation (NYSE:IPHI) rating on Thursday, October 13. Stifel Nicolaus has “Buy” rating and $48 target. On Tuesday, July 4 the stock rating was maintained by Jefferies with “Buy”. The stock of Inphi Corporation (NYSE:IPHI) has “Buy” rating given on Wednesday, November 1 by Cowen & Co. Cowen & Co initiated Inphi Corporation (NYSE:IPHI) on Friday, October 14 with “Market Perform” rating. The firm has “Strong Buy” rating by Needham given on Wednesday, October 28. The firm earned “Buy” rating on Friday, November 13 by Stifel Nicolaus. The rating was maintained by JP Morgan with “Overweight” on Tuesday, August 8.

Analysts await Inphi Corporation (NYSE:IPHI) to report earnings on February, 6. They expect $0.08 earnings per share, down 77.14% or $0.27 from last year’s $0.35 per share. IPHI’s profit will be $3.40M for 120.72 P/E if the $0.08 EPS becomes a reality. After $0.09 actual earnings per share reported by Inphi Corporation for the previous quarter, Wall Street now forecasts -11.11% negative EPS growth.

Investors sentiment decreased to 0.85 in 2017 Q3. Its down 0.09, from 0.94 in 2017Q2. It dropped, as 29 investors sold IPHI shares while 60 reduced holdings. 23 funds opened positions while 53 raised stakes. 48.49 million shares or 3.03% more from 47.07 million shares in 2017Q2 were reported. Moreover, Credit Suisse Ag has 0% invested in Inphi Corporation (NYSE:IPHI) for 45,052 shares. Cortina Asset Management Ltd Liability owns 0.29% invested in Inphi Corporation (NYSE:IPHI) for 178,791 shares. Kornitzer Management Ks invested in 0.21% or 309,910 shares. Bluecrest Mgmt Ltd has 0.03% invested in Inphi Corporation (NYSE:IPHI) for 18,300 shares. Kennedy Capital Mgmt owns 49,149 shares for 0.04% of their portfolio. Gagnon Securities Limited Co accumulated 9,233 shares or 0.13% of the stock. 14,233 are owned by Invesco Limited. Polar Cap Ltd Liability Partnership invested in 0.05% or 114,930 shares. 829,000 were accumulated by Adage Ptnrs Grp Ltd Limited Liability Company. Pinnacle Assoc has 0.01% invested in Inphi Corporation (NYSE:IPHI) for 16,400 shares. Natixis has invested 0% of its portfolio in Inphi Corporation (NYSE:IPHI). Congress Asset Ma holds 0.01% in Inphi Corporation (NYSE:IPHI) or 16,189 shares. S Squared Technology Llc reported 153,576 shares or 5.15% of all its holdings. Sei Investments has invested 0% in Inphi Corporation (NYSE:IPHI). Stifel owns 5,506 shares or 0% of their US portfolio.

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