Aldeyra Therapeutics, Inc. (NASDAQ:ALDX)‘s stock had its “outperform” rating reissued by analysts at Cowen and Company in a note issued to investors on Thursday. They presently have a $14.00 target price on the biotechnology company’s stock, up from their prior target price of $9.00. Cowen and Company’s price target would suggest a potential upside of 115.38% from the stock’s current price.

A number of other research firms have also recently weighed in on ALDX. Canaccord Genuity restated a “buy” rating and issued a $27.00 price target (up previously from $12.00) on shares of Aldeyra Therapeutics in a research note on Wednesday. ValuEngine upgraded Aldeyra Therapeutics from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Stifel Nicolaus reiterated a “buy” rating and set a $16.00 price objective on shares of Aldeyra Therapeutics in a research report on Wednesday, May 31st. Zacks Investment Research cut Aldeyra Therapeutics from a “buy” rating to a “hold” rating in a research report on Tuesday, May 30th. Finally, HC Wainwright set a $18.00 price objective on Aldeyra Therapeutics and gave the stock a “buy” rating in a research report on Thursday, June 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $15.95.

Shares of Aldeyra Therapeutics (NASDAQ ALDX) opened at 6.35 on Thursday. The firm’s market cap is $39.66 million. The stock has a 50 day moving average of $4.40 and a 200 day moving average of $4.66. Aldeyra Therapeutics has a 52 week low of $3.80 and a 52 week high of $8.19.

Aldeyra Therapeutics (NASDAQ:ALDX) last posted its quarterly earnings results on Tuesday, August 8th. The biotechnology company reported ($0.35) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.02. Equities analysts forecast that Aldeyra Therapeutics will post ($1.63) earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Aldeyra Therapeutics, Inc. (ALDX) Stock Rating Reaffirmed by Cowen and Company” was originally published by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this story can be viewed at https://www.dailypolitical.com/2017/09/14/aldeyra-therapeutics-inc-aldx-stock-rating-reaffirmed-by-cowen-and-company.html.

In other news, major shareholder Life Sciences Maste Perceptive acquired 296,007 shares of the stock in a transaction on Friday, June 30th. The shares were purchased at an average price of $4.60 per share, for a total transaction of $1,361,632.20. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 28.40% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu KCG Holdings LLC acquired a new stake in shares of Aldeyra Therapeutics during the 2nd quarter worth $104,000. Renaissance Technologies LLC acquired a new stake in shares of Aldeyra Therapeutics during the 1st quarter worth $132,000. Hikari Power Ltd grew its holdings in shares of Aldeyra Therapeutics by 186.4% during the 2nd quarter. Hikari Power Ltd now owns 107,858 shares of the biotechnology company’s stock worth $507,000 after purchasing an additional 70,196 shares in the last quarter. Sabby Management LLC acquired a new stake in shares of Aldeyra Therapeutics during the 1st quarter worth $898,000. Finally, Vanguard Group Inc. grew its holdings in shares of Aldeyra Therapeutics by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 304,633 shares of the biotechnology company’s stock worth $1,431,000 after purchasing an additional 9,407 shares in the last quarter. 49.09% of the stock is currently owned by institutional investors.

About Aldeyra Therapeutics

Aldeyra Therapeutics, Inc, formerly Aldexa Therapeutics, Inc, is a biotechnology company. The Company’s principal activities include raising capital and research and development activities. The Company’s segment is the identification and development of a treatment for diseases related to high levels of aldehydes.

Receive News & Ratings for Aldeyra Therapeutics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aldeyra Therapeutics Inc. and related companies with MarketBeat.com's FREE daily email newsletter.