Flexion Therapeutics, Inc. (NASDAQ:FLXN)‘s stock had its “buy” rating restated by stock analysts at Needham & Company LLC in a research note issued on Sunday. They presently have a $36.00 price target on the specialty pharmaceutical company’s stock. Needham & Company LLC’s price target indicates a potential upside of 49.25% from the stock’s current price.

FLXN has been the subject of a number of other reports. Zacks Investment Research raised Flexion Therapeutics from a “sell” rating to a “hold” rating in a report on Monday, August 28th. Royal Bank Of Canada reissued an “outperform” rating and issued a $44.00 price target on shares of Flexion Therapeutics in a report on Thursday, August 10th. ValuEngine raised Flexion Therapeutics from a “sell” rating to a “hold” rating in a report on Friday, September 1st. BMO Capital Markets reaffirmed a “buy” rating on shares of Flexion Therapeutics in a research note on Friday, August 11th. Finally, Janney Montgomery Scott reaffirmed a “buy” rating and set a $35.00 target price (up from $30.00) on shares of Flexion Therapeutics in a research note on Wednesday, July 12th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $31.50.

Shares of Flexion Therapeutics (NASDAQ:FLXN) opened at 24.12 on Friday. Flexion Therapeutics has a 1-year low of $15.93 and a 1-year high of $29.41. The company’s market cap is $769.55 million. The firm’s 50-day moving average is $23.25 and its 200-day moving average is $22.01.

Flexion Therapeutics (NASDAQ:FLXN) last announced its quarterly earnings results on Tuesday, August 8th. The specialty pharmaceutical company reported ($0.91) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.80) by ($0.11). On average, equities analysts forecast that Flexion Therapeutics will post ($3.70) earnings per share for the current fiscal year.

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In other Flexion Therapeutics news, insider Yamo Deniz bought 3,000 shares of Flexion Therapeutics stock in a transaction dated Friday, September 1st. The stock was acquired at an average cost of $24.15 per share, with a total value of $72,450.00. Following the purchase, the insider now directly owns 5,000 shares in the company, valued at approximately $120,750. The acquisition was disclosed in a filing with the SEC, which is available at this link. Over the last ninety days, insiders have bought 5,375 shares of company stock valued at $131,575. Corporate insiders own 15.98% of the company’s stock.

Several hedge funds have recently made changes to their positions in FLXN. Fiduciary Trust Co. acquired a new position in shares of Flexion Therapeutics during the 2nd quarter worth approximately $101,000. IFP Advisors Inc raised its stake in Flexion Therapeutics by 24.5% in the 2nd quarter. IFP Advisors Inc now owns 5,080 shares of the specialty pharmaceutical company’s stock valued at $103,000 after purchasing an additional 1,000 shares during the last quarter. Advisor Group Inc. raised its stake in Flexion Therapeutics by 205.9% in the 2nd quarter. Advisor Group Inc. now owns 5,200 shares of the specialty pharmaceutical company’s stock valued at $105,000 after purchasing an additional 3,500 shares during the last quarter. Voya Investment Management LLC raised its stake in Flexion Therapeutics by 25.8% in the 2nd quarter. Voya Investment Management LLC now owns 12,914 shares of the specialty pharmaceutical company’s stock valued at $261,000 after purchasing an additional 2,651 shares during the last quarter. Finally, BB&T Securities LLC acquired a new position in Flexion Therapeutics in the 2nd quarter valued at $289,000. 82.75% of the stock is owned by institutional investors and hedge funds.

About Flexion Therapeutics

Flexion Therapeutics, Inc is a United States-based specialty pharmaceutical company. The Company is focused on the development and commercialization of local therapies for the treatment of patients with musculoskeletal conditions, beginning with osteoarthritis (OA), a type of degenerative arthritis. The Company’s lead product candidate, Zilretta, is a late-stage, injectable, extended-release, intra-articular (IA) investigational steroid.

Analyst Recommendations for Flexion Therapeutics (NASDAQ:FLXN)

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