BidaskClub upgraded shares of Aquinox Pharmaceuticals, Inc. (NASDAQ:AQXP) from a sell rating to a hold rating in a research report sent to investors on Friday morning.

Other equities analysts have also issued reports about the stock. Cantor Fitzgerald set a $28.00 target price on shares of Aquinox Pharmaceuticals and gave the stock a buy rating in a research report on Tuesday, May 9th. Zacks Investment Research upgraded shares of Aquinox Pharmaceuticals from a hold rating to a buy rating and set a $16.00 price objective on the stock in a research report on Thursday, May 11th. Finally, ValuEngine upgraded shares of Aquinox Pharmaceuticals from a sell rating to a hold rating in a research report on Friday, June 2nd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Aquinox Pharmaceuticals currently has an average rating of Buy and an average target price of $22.50.

Aquinox Pharmaceuticals (AQXP) opened at 14.92 on Friday. Aquinox Pharmaceuticals has a 1-year low of $8.04 and a 1-year high of $19.97. The company has a 50 day moving average of $14.46 and a 200 day moving average of $15.62. The firm’s market capitalization is $349.47 million.

Aquinox Pharmaceuticals (NASDAQ:AQXP) last announced its earnings results on Tuesday, May 9th. The company reported ($0.36) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.51) by $0.15. During the same quarter in the previous year, the business earned ($0.39) EPS. Analysts forecast that Aquinox Pharmaceuticals will post ($2.05) EPS for the current year.

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In related news, insider David Main sold 15,625 shares of Aquinox Pharmaceuticals stock in a transaction on Monday, June 5th. The shares were sold at an average price of $13.26, for a total value of $207,187.50. Following the transaction, the insider now directly owns 77,530 shares in the company, valued at approximately $1,028,047.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.70% of the company’s stock.

A number of institutional investors have recently bought and sold shares of AQXP. Bank of New York Mellon Corp raised its position in Aquinox Pharmaceuticals by 16.5% in the second quarter. Bank of New York Mellon Corp now owns 23,260 shares of the company’s stock worth $327,000 after buying an additional 3,299 shares during the period. Alps Advisors Inc. increased its stake in Aquinox Pharmaceuticals by 4.7% in the second quarter. Alps Advisors Inc. now owns 21,090 shares of the company’s stock worth $297,000 after buying an additional 939 shares during the period. Investment Centers of America Inc. acquired a new stake in Aquinox Pharmaceuticals during the first quarter worth approximately $172,000. Finally, Geode Capital Management LLC increased its stake in Aquinox Pharmaceuticals by 10.0% in the first quarter. Geode Capital Management LLC now owns 121,532 shares of the company’s stock worth $2,028,000 after buying an additional 11,035 shares during the period. Hedge funds and other institutional investors own 98.32% of the company’s stock.

Aquinox Pharmaceuticals Company Profile

Aquinox Pharmaceuticals, Inc is a clinical-stage pharmaceutical company discovering and developing targeted therapeutics in disease areas of inflammation and immuno-oncology. The Company’s primary focus is anti-inflammatory product candidates targeting the Src Homology 2 (SH2)-containing inositol-5-phosphatase 1 (SHIP1) enzyme, which is a regulator of a cellular signaling pathway in immune cells, known as the phosphatidylinositol-4,5-bisphosphate 3-kinase (PI3K) pathway.

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