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OptimizeRx (OPRX) Gets a Buy Rating from RBC Capital

In a report issued on February 24, Sean Dodge from RBC Capital maintained a Buy rating on OptimizeRx (OPRXResearch Report), with a price target of $100.00. The company’s shares closed last Friday at $45.19, close to its 52-week low of $37.38.

According to TipRanks.com, Dodge is a 3-star analyst with an average return of 1.8% and a 48.7% success rate. Dodge covers the Technology sector, focusing on stocks such as Tabula Rasa HealthCare, NextGen Healthcare, and GoodRx Holdings.

OptimizeRx has an analyst consensus of Strong Buy, with a price target consensus of $92.67, a 102.9% upside from current levels. In a report issued on February 16, Lake Street also maintained a Buy rating on the stock with a $76.00 price target.

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Based on OptimizeRx’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $16.12 million and net profit of $39.89K. In comparison, last year the company earned revenue of $10.52 million and had a GAAP net loss of $282.9K.

Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of OPRX in relation to earlier this year.

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OptimizeRx Corp. engages in the provision of digital health messaging via electronic health records, which serves as a direct channel for pharmaceutical companies to communicate with healthcare providers. It offers EHR workflow solutions which include financial messaging, patient education, and brand messaging; and brand support. The company was founded by David A. Harrell on November 8, 1985 and is headquartered in Rochester, MI.

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