Olink Holding AB (publ) (NASDAQ:OLK) Earns Equal Weight Rating from Morgan Stanley

Morgan Stanley reissued their equal weight rating on shares of Olink Holding AB (publ) (NASDAQ:OLK) in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have a $26.00 price target on the stock.

Separately, Canaccord Genuity Group reissued a hold rating and set a $26.00 target price on shares of Olink Holding AB (publ) in a report on Tuesday.

Olink Holding AB (publ) Trading Down 0.4 %

Shares of NASDAQ:OLK opened at $23.51 on Tuesday. The firm has a 50 day moving average of $23.90 and a 200-day moving average of $23.01. The stock has a market capitalization of $2.92 billion, a PE ratio of -94.04 and a beta of 0.49. Olink Holding AB has a 12 month low of $14.10 and a 12 month high of $26.01.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. TD Asset Management Inc raised its holdings in Olink Holding AB (publ) by 73.7% during the third quarter. TD Asset Management Inc now owns 403,924 shares of the company’s stock worth $5,958,000 after buying an additional 171,395 shares during the last quarter. Trexquant Investment LP raised its holdings in Olink Holding AB (publ) by 23.0% during the third quarter. Trexquant Investment LP now owns 33,156 shares of the company’s stock worth $489,000 after buying an additional 6,193 shares during the last quarter. US Bancorp DE raised its holdings in Olink Holding AB (publ) by 874.4% during the second quarter. US Bancorp DE now owns 9,666 shares of the company’s stock worth $181,000 after buying an additional 8,674 shares during the last quarter. Rock Springs Capital Management LP raised its holdings in shares of Olink Holding AB (publ) by 1.4% in the third quarter. Rock Springs Capital Management LP now owns 1,676,500 shares of the company’s stock valued at $24,728,000 after purchasing an additional 22,500 shares during the last quarter. Finally, New York State Common Retirement Fund raised its holdings in shares of Olink Holding AB (publ) by 3.7% in the third quarter. New York State Common Retirement Fund now owns 67,166 shares of the company’s stock valued at $991,000 after purchasing an additional 2,368 shares during the last quarter. 30.19% of the stock is owned by institutional investors.

About Olink Holding AB (publ)

Olink Holding AB (publ) provides various products and services for the academic, government, biopharmaceutical, biotechnology, service provider, and other institutions that focuses on life science research. The company's products include Olink Explore for cardiovascular and metabolic, oncology, neurology, or inflammation diseases; Olink Target product line; Olink Flex, a low-plex applications and use-cases; and Olink Focus product line that consists of custom developed solutions for customers that has identified various proteins of interest or a protein signature to focus on.