Aldeyra Therapeutics, Inc. (ALDX) Given Consensus Rating of “Buy” by Analysts
Shares of Aldeyra Therapeutics, Inc. (NASDAQ:ALDX) have been assigned an average recommendation of “Buy” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $17.29.
ALDX has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Aldeyra Therapeutics from a “hold” rating to a “buy” rating and set a $4.75 target price on the stock in a research report on Thursday, August 10th. Canaccord Genuity reissued a “buy” rating and set a $27.00 target price (up previously from $12.00) on shares of Aldeyra Therapeutics in a research report on Wednesday, September 13th. Cantor Fitzgerald initiated coverage on shares of Aldeyra Therapeutics in a research report on Tuesday, October 24th. They set an “overweight” rating and a $22.00 target price on the stock. Cowen and Company reissued an “outperform” rating and set a $14.00 target price (up previously from $9.00) on shares of Aldeyra Therapeutics in a research report on Thursday, September 14th. Finally, ValuEngine raised shares of Aldeyra Therapeutics from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 12th.
In related news, major shareholder Life Sciences Maste Perceptive purchased 200,000 shares of the stock in a transaction that occurred on Tuesday, September 19th. The shares were bought at an average price of $7.25 per share, with a total value of $1,450,000.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 28.40% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Perceptive Advisors LLC raised its holdings in shares of Aldeyra Therapeutics by 6.9% in the 3rd quarter. Perceptive Advisors LLC now owns 3,085,458 shares of the biotechnology company’s stock worth $22,215,000 after purchasing an additional 200,000 shares during the period. Sphera Funds Management LTD. raised its holdings in Aldeyra Therapeutics by 19.2% during the 3rd quarter. Sphera Funds Management LTD. now owns 1,044,131 shares of the biotechnology company’s stock valued at $7,518,000 after acquiring an additional 168,200 shares during the period. Bank of New York Mellon Corp bought a new stake in Aldeyra Therapeutics during the 3rd quarter valued at $134,000. Virtu KCG Holdings LLC bought a new stake in Aldeyra Therapeutics during the 2nd quarter valued at $104,000. Finally, Vanguard Group Inc. raised its holdings in Aldeyra Therapeutics by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 304,633 shares of the biotechnology company’s stock valued at $1,431,000 after acquiring an additional 9,407 shares during the period. 40.06% of the stock is currently owned by institutional investors.
Aldeyra Therapeutics (NASDAQ:ALDX) opened at $6.15 on Monday. Aldeyra Therapeutics has a 1 year low of $3.80 and a 1 year high of $11.90. The company has a debt-to-equity ratio of 0.02, a quick ratio of 20.35 and a current ratio of 20.35.
Aldeyra Therapeutics (NASDAQ:ALDX) last posted its earnings results on Thursday, November 9th. The biotechnology company reported ($0.32) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.41) by $0.09. research analysts expect that Aldeyra Therapeutics will post -1.39 earnings per share for the current year.
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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.
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