Aquinox Pharmaceuticals, Inc. (NASDAQ:AQXP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

According to Zacks, “Aquinox Pharmaceuticals, Inc. is a clinical-stage pharmaceutical company. The Company discovers and develops oral drug candidates to treat inflammation and cancer. Aquinox Pharmaceuticals, Inc. is headquartered in Vancouver, Canada. “

A number of other analysts have also commented on AQXP. ValuEngine raised Aquinox Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Cantor Fitzgerald set a $28.00 price target on Aquinox Pharmaceuticals and gave the company a “buy” rating in a research note on Tuesday, May 9th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Aquinox Pharmaceuticals has an average rating of “Buy” and an average target price of $19.80.

Shares of Aquinox Pharmaceuticals (NASDAQ:AQXP) traded down 0.48% during midday trading on Tuesday, hitting $14.44. 34,910 shares of the stock traded hands. Aquinox Pharmaceuticals has a 1-year low of $6.87 and a 1-year high of $19.97. The company’s market capitalization is $338.23 million. The stock has a 50 day moving average of $14.02 and a 200 day moving average of $15.95.

Aquinox Pharmaceuticals (NASDAQ:AQXP) last announced its quarterly earnings results on Tuesday, May 9th. The company reported ($0.36) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.51) by $0.15. During the same period last year, the business earned ($0.39) EPS. Equities research analysts predict that Aquinox Pharmaceuticals will post ($2.05) earnings per share for the current fiscal year.

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In other news, insider David Main sold 15,625 shares of the firm’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $13.26, for a total transaction of $207,187.50. Following the completion of the transaction, the insider now directly owns 77,530 shares in the company, valued at $1,028,047.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.70% of the stock is owned by company insiders.

An institutional investor recently bought a new position in Aquinox Pharmaceuticals stock. Investment Centers of America Inc. bought a new position in Aquinox Pharmaceuticals, Inc. (NASDAQ:AQXP) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,363 shares of the company’s stock, valued at approximately $172,000. Institutional investors and hedge funds own 98.36% of the company’s stock.

About Aquinox Pharmaceuticals

Aquinox Pharmaceuticals, Inc is a clinical-stage pharmaceutical company discovering and developing targeted therapeutics in disease areas of inflammation and immuno-oncology. The Company’s primary focus is anti-inflammatory product candidates targeting the Src Homology 2 (SH2)-containing inositol-5-phosphatase 1 (SHIP1) enzyme, which is a regulator of a cellular signaling pathway in immune cells, known as the phosphatidylinositol-4,5-bisphosphate 3-kinase (PI3K) pathway.

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Analyst Recommendations for Aquinox Pharmaceuticals (NASDAQ:AQXP)

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