Cantor Fitzgerald Begins Coverage on Aldeyra Therapeutics, Inc. (ALDX)
Cantor Fitzgerald started coverage on shares of Aldeyra Therapeutics, Inc. (NASDAQ:ALDX) in a research report released on Tuesday, Marketbeat reports. The firm issued an overweight rating and a $22.00 target price on the biotechnology company’s stock. Cantor Fitzgerald also issued estimates for Aldeyra Therapeutics’ FY2017 earnings at ($1.30) EPS and FY2018 earnings at ($1.29) EPS.
Other analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Aldeyra Therapeutics from a hold rating to a buy rating and set a $4.75 price objective for the company in a report on Thursday, August 10th. Canaccord Genuity reaffirmed a buy rating and set a $27.00 price objective (up from $12.00) on shares of Aldeyra Therapeutics in a report on Wednesday, September 13th. Cowen and Company reaffirmed an outperform rating and set a $14.00 price objective (up from $9.00) on shares of Aldeyra Therapeutics in a report on Thursday, September 14th. ValuEngine raised shares of Aldeyra Therapeutics from a strong sell rating to a sell rating in a report on Tuesday, September 12th. Finally, HC Wainwright set a $18.00 price objective on shares of Aldeyra Therapeutics and gave the stock a buy rating in a report on Wednesday, August 9th. Two analysts have rated the stock with a sell rating and five have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $16.96.
Shares of Aldeyra Therapeutics (NASDAQ:ALDX) traded up 1.60% during trading on Tuesday, reaching $6.35. 163,819 shares of the company’s stock were exchanged. The company has a 50 day moving average of $7.01 and a 200 day moving average of $5.19. Aldeyra Therapeutics has a 52-week low of $3.80 and a 52-week high of $11.90. The firm’s market capitalization is $39.66 million.
Aldeyra Therapeutics (NASDAQ:ALDX) last announced its quarterly earnings results on Tuesday, August 8th. The biotechnology company reported ($0.35) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.37) by $0.02. Equities analysts anticipate that Aldeyra Therapeutics will post ($1.47) earnings per share for the current fiscal year.
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In other news, major shareholder Life Sciences Maste Perceptive acquired 200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The stock was acquired at an average cost of $7.25 per share, with a total value of $1,450,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 28.40% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the business. Sphera Funds Management LTD. boosted its holdings in Aldeyra Therapeutics by 31.0% in the 2nd quarter. Sphera Funds Management LTD. now owns 875,931 shares of the biotechnology company’s stock valued at $4,117,000 after purchasing an additional 207,431 shares during the period. Virtu KCG Holdings LLC bought a new stake in Aldeyra Therapeutics in the 2nd quarter valued at $104,000. Vanguard Group Inc. boosted its holdings in Aldeyra Therapeutics by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 304,633 shares of the biotechnology company’s stock valued at $1,431,000 after purchasing an additional 9,407 shares during the period. Hikari Power Ltd boosted its holdings in Aldeyra Therapeutics by 186.4% in the 2nd quarter. Hikari Power Ltd now owns 107,858 shares of the biotechnology company’s stock valued at $507,000 after purchasing an additional 70,196 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in Aldeyra Therapeutics in the 1st quarter valued at $132,000. 40.32% of the stock is owned by hedge funds and other institutional investors.
Aldeyra Therapeutics Company Profile
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.
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