Citigroup Lowers Oklo (NYSE:OKLO) Price Target to $30.00

Oklo (NYSE:OKLO) had its target price dropped by stock analysts at Citigroup from $31.00 to $30.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s target price indicates a potential upside of 7.75% from the company’s current price.

OKLO has been the subject of a number of other reports. Craig Hallum initiated coverage on shares of Oklo in a research note on Tuesday, January 28th. They set a “buy” rating and a $44.00 price target for the company. B. Riley raised their price target on Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Finally, Wedbush reiterated an “outperform” rating and issued a $45.00 target price on shares of Oklo in a research note on Tuesday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $44.25.

Oklo Price Performance

Shares of NYSE:OKLO traded down $3.07 during trading on Tuesday, hitting $27.84. The company had a trading volume of 11,788,083 shares, compared to its average volume of 11,619,570. The company has a fifty day simple moving average of $36.01 and a two-hundred day simple moving average of $24.20. Oklo has a one year low of $5.35 and a one year high of $59.14.

Hedge Funds Weigh In On Oklo

Hedge funds and other institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Oklo by 1.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,929,139 shares of the company’s stock valued at $104,646,000 after purchasing an additional 74,315 shares during the period. Vanguard Group Inc. raised its stake in Oklo by 92.8% in the fourth quarter. Vanguard Group Inc. now owns 4,343,679 shares of the company’s stock worth $92,216,000 after buying an additional 2,090,154 shares in the last quarter. HITE Hedge Asset Management LLC bought a new stake in Oklo during the 3rd quarter valued at $19,753,000. Van ECK Associates Corp purchased a new position in shares of Oklo in the 4th quarter valued at $38,661,000. Finally, Atomi Financial Group Inc. purchased a new stake in shares of Oklo during the 4th quarter worth $19,285,000. Institutional investors own 85.03% of the company’s stock.

Oklo Company Profile

Oklo Inc designs and develops fission power plants to provide reliable and commercial-scale energy to customers in the United States. It also provides used nuclear fuel recycling services. The company was founded in 2013 and is based in Santa Clara, California.