Aquinox Pharmaceuticals, Inc. (NASDAQ:AQXP) – Stock analysts at Leerink Swann upped their FY2017 earnings per share (EPS) estimates for Aquinox Pharmaceuticals in a research report issued on Tuesday. Leerink Swann analyst P. Matteis now forecasts that the company will earn ($2.21) per share for the year, up from their previous forecast of ($2.22).

Other equities analysts have also recently issued reports about the stock. BidaskClub cut shares of Aquinox Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Zacks Investment Research lowered shares of Aquinox Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. Canaccord Genuity set a $22.00 price objective on shares of Aquinox Pharmaceuticals and gave the company a “buy” rating in a research report on Tuesday. ValuEngine upgraded shares of Aquinox Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Cantor Fitzgerald set a $28.00 price objective on shares of Aquinox Pharmaceuticals and gave the company a “buy” rating in a research report on Tuesday, May 9th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Aquinox Pharmaceuticals currently has an average rating of “Buy” and a consensus target price of $22.50.

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Shares of Aquinox Pharmaceuticals (NASDAQ:AQXP) opened at 13.55 on Thursday. Aquinox Pharmaceuticals has a 12-month low of $8.76 and a 12-month high of $19.97. The company’s market capitalization is $317.67 million. The stock’s 50 day moving average is $14.58 and its 200-day moving average is $15.51.

Aquinox Pharmaceuticals (NASDAQ:AQXP) last posted its quarterly earnings data on Tuesday, August 8th. The company reported ($0.59) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.59).

Several large investors have recently added to or reduced their stakes in the company. Sphera Funds Management LTD. purchased a new stake in Aquinox Pharmaceuticals during the second quarter valued at about $874,000. Archon Partners LLC raised its stake in Aquinox Pharmaceuticals by 44.0% in the second quarter. Archon Partners LLC now owns 18,000 shares of the company’s stock valued at $253,000 after buying an additional 5,500 shares during the period. Bank of New York Mellon Corp raised its stake 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 valued at $327,000 after buying an additional 3,299 shares during the period. Alps Advisors Inc. raised 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 valued at $297,000 after buying an additional 939 shares during the period. Finally, Investment Centers of America Inc. purchased a new stake in Aquinox Pharmaceuticals during the first quarter valued at about $172,000. Hedge funds and other institutional investors own 98.32% of the company’s stock.

In other news, insider David Main sold 15,625 shares of the firm’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $13.26, for a total value of $207,187.50. Following the completion of the sale, the insider now owns 77,530 shares in the company, valued at approximately $1,028,047.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.70% of the stock is owned by company insiders.

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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