Aevi Genomic Medicine, Inc. (NASDAQ:GNMX) Rating Reiterated by Jefferies Group LLC
Aevi Genomic Medicine, Inc. (NASDAQ:GNMX)‘s stock had its “hold” rating reissued by analysts at Jefferies Group LLC in a report released on Monday. They currently have a $1.50 price target on the biotechnology company’s stock. Jefferies Group LLC’s price objective points to a potential upside of 27.12% from the company’s current price.
Other analysts have also recently issued reports about the company. UBS AG reissued a “positive” rating on shares of Aevi Genomic Medicine in a research note on Wednesday, May 10th. ValuEngine cut Aevi Genomic Medicine from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd.
Shares of Aevi Genomic Medicine (NASDAQ:GNMX) opened at 1.18 on Monday. Aevi Genomic Medicine has a 12-month low of $0.98 and a 12-month high of $6.89. The company’s 50 day moving average is $1.30 and its 200 day moving average is $2.56. The firm’s market capitalization is $43.79 million.
Aevi Genomic Medicine (NASDAQ:GNMX) last posted its earnings results on Wednesday, May 10th. The biotechnology company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by $0.02. On average, analysts forecast that Aevi Genomic Medicine will post ($1.08) earnings per share for the current year.
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Hedge funds have recently bought and sold shares of the company. Birchview Capital LP boosted its stake in Aevi Genomic Medicine by 41.7% in the first quarter. Birchview Capital LP now owns 68,000 shares of the biotechnology company’s stock worth $126,000 after buying an additional 20,000 shares during the last quarter. LMR Partners LLP acquired a new position in shares of Aevi Genomic Medicine during the second quarter valued at $149,000. TIAA CREF Investment Management LLC boosted its position in shares of Aevi Genomic Medicine by 16.7% in the first quarter. TIAA CREF Investment Management LLC now owns 97,719 shares of the biotechnology company’s stock valued at $182,000 after buying an additional 13,966 shares in the last quarter. Teachers Advisors LLC acquired a new position in shares of Aevi Genomic Medicine during the fourth quarter valued at $204,000. Finally, State Street Corp boosted its position in shares of Aevi Genomic Medicine by 15.4% in the fourth quarter. State Street Corp now owns 345,698 shares of the biotechnology company’s stock valued at $1,789,000 after buying an additional 46,149 shares in the last quarter. 27.97% of the stock is owned by institutional investors and hedge funds.
About Aevi Genomic Medicine
Aevi Genomic Medicine, Inc, a clinical stage biopharmaceutical company, researches and develops novel therapies for pediatric onset and life-altering diseases in the United States. Its lead product candidates include AEVI-001, a glutamatergic neuromodulator, which is in Phase II/III SAGA trial for a genetically-defined subset of adolescent attention deficit hyperactivity disorder patients with specific mutations in their metabotropic glutamate receptor gene network; and AEVI-002, an anti-light monoclonal antibody that is in Phase I clinical trial for use in severe pediatric onset crohns disease.
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