Foamix Pharmaceuticals Ltd (NASDAQ:FOMX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “Foamix Pharmaceuticals Ltd. is a specialty pharmaceutical company. It develops and commercializes foam-based formulations acne, impetigo, and other skin conditions. The Company’s lead product candidates include FMX101, which has completed a dose-ranging Phase II clinical trial for the treatment of moderate-to-severe acne; and FMX102 that has completed a Phase II clinical trial for the treatment of impetigo. It has operations primarily in the United States, Germany, and Israel. Foamix Pharmaceuticals Ltd. is headquartered in Rehovot, Israel. “

Separately, Credit Suisse Group AG began coverage on shares of Foamix Pharmaceuticals in a report on Wednesday, February 15th. They set an “outperform” rating and a $22.00 target price for the company.

Shares of Foamix Pharmaceuticals (NASDAQ:FOMX) traded up 0.21% during midday trading on Tuesday, hitting $4.83. 99,615 shares of the company’s stock were exchanged. Foamix Pharmaceuticals has a 52 week low of $4.03 and a 52 week high of $11.27. The firm’s market cap is $179.52 million. The company has a 50-day moving average of $4.55 and a 200-day moving average of $8.44.

Foamix Pharmaceuticals (NASDAQ:FOMX) last announced its earnings results on Tuesday, February 21st. The specialty pharmaceutical company reported ($0.31) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by $0.05. Foamix Pharmaceuticals had a negative return on equity of 22.55% and a negative net margin of 554.14%. The business had revenue of $1.49 million for the quarter. Equities research analysts expect that Foamix Pharmaceuticals will post ($1.38) EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in FOMX. Baird Financial Group Inc. acquired a new position in shares of Foamix Pharmaceuticals during the first quarter valued at approximately $188,000. Trexquant Investment LP acquired a new position in shares of Foamix Pharmaceuticals during the fourth quarter valued at approximately $244,000. Renaissance Technologies LLC acquired a new position in shares of Foamix Pharmaceuticals during the first quarter valued at approximately $307,000. Emory University acquired a new position in shares of Foamix Pharmaceuticals during the first quarter valued at approximately $1,007,000. Finally, UBS Asset Management Americas Inc. boosted its position in shares of Foamix Pharmaceuticals by 0.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 123,235 shares of the specialty pharmaceutical company’s stock valued at $1,368,000 after buying an additional 1,059 shares during the last quarter. Institutional investors and hedge funds own 64.94% of the company’s stock.

Foamix Pharmaceuticals Company Profile

Foamix Pharmaceuticals Ltd. is a clinical-stage pharmaceutical company. The Company is engaged in the development and commercialization of foam-based formulations, using its technology, which includes its foam platforms. It is focused on developing and commercializing its minocycline foam for the treatment of acne, rosacea and other skin conditions.

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