Lexicon Pharmaceuticals (LXRX) Lowered to Sell at BidaskClub
Lexicon Pharmaceuticals (NASDAQ:LXRX) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.
A number of other equities analysts also recently weighed in on the stock. ValuEngine downgraded shares of Lexicon Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Friday. Zacks Investment Research upgraded shares of Lexicon Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. Stifel Nicolaus restated a “buy” rating and set a $23.00 target price (down from $24.00) on shares of Lexicon Pharmaceuticals in a report on Tuesday, July 31st. Needham & Company LLC restated a “hold” rating on shares of Lexicon Pharmaceuticals in a report on Monday, July 30th. Finally, Wedbush restated a “buy” rating and set a $42.00 target price on shares of Lexicon Pharmaceuticals in a report on Monday, June 18th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $24.60.
Shares of LXRX stock opened at $10.39 on Friday. The company has a debt-to-equity ratio of -45.80, a quick ratio of 2.68 and a current ratio of 2.71. The firm has a market capitalization of $1.16 billion, a PE ratio of -8.18 and a beta of 0.33. Lexicon Pharmaceuticals has a 12 month low of $7.67 and a 12 month high of $15.16.
In other Lexicon Pharmaceuticals news, VP James F. Tessmer sold 10,000 shares of the company’s stock in a transaction on Friday, June 8th. The shares were sold at an average price of $12.91, for a total value of $129,100.00. Following the transaction, the vice president now directly owns 35,643 shares in the company, valued at $460,151.13. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Public Equities L.P. Invus acquired 138,700 shares of the firm’s stock in a transaction on Friday, May 25th. The stock was bought at an average price of $9.62 per share, for a total transaction of $1,334,294.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 1,924,615 shares of company stock worth $22,552,542. 6.10% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd acquired a new position in shares of Lexicon Pharmaceuticals in the second quarter valued at $205,000. Tocqueville Asset Management L.P. acquired a new position in shares of Lexicon Pharmaceuticals in the second quarter valued at $164,000. BlackRock Inc. increased its holdings in shares of Lexicon Pharmaceuticals by 4.6% in the second quarter. BlackRock Inc. now owns 4,422,293 shares of the biopharmaceutical company’s stock valued at $53,066,000 after purchasing an additional 195,461 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Lexicon Pharmaceuticals by 6.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 241,061 shares of the biopharmaceutical company’s stock valued at $2,893,000 after purchasing an additional 14,426 shares during the last quarter. Finally, Price Capital Management Inc. acquired a new position in shares of Lexicon Pharmaceuticals in the second quarter valued at $1,352,000.
Lexicon Pharmaceuticals Company Profile
Lexicon Pharmaceuticals, Inc, a biopharmaceutical company, focuses on the development and commercialization of pharmaceutical products for the treatment of human diseases. The company offers XERMELO, an orally-delivered small molecule drug candidate for the treatment of carcinoid syndrome diarrhea in combination with somatostatin analog therapy in adults.
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