Aquinox Pharmaceuticals, Inc. (NASDAQ:AQXP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and 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 equities analysts also recently commented on the company. Canaccord Genuity set a $22.00 price target on Aquinox Pharmaceuticals and gave the stock a “buy” rating in a research note on Tuesday, August 8th. BidaskClub raised shares of Aquinox Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Friday, August 4th. ValuEngine raised shares of Aquinox Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Cantor Fitzgerald set a $28.00 target price on shares of Aquinox Pharmaceuticals and gave the stock a “buy” rating in a report on Tuesday, May 9th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $22.25.

Aquinox Pharmaceuticals (NASDAQ AQXP) traded up 5.02% during mid-day trading on Tuesday, reaching $14.02. The company’s stock had a trading volume of 66,720 shares. The firm’s market capitalization is $328.39 million. The stock’s 50-day moving average is $14.44 and its 200-day moving average is $15.39. Aquinox Pharmaceuticals has a 12 month low of $8.76 and a 12 month high of $19.97.

Aquinox Pharmaceuticals (NASDAQ:AQXP) last posted its quarterly earnings results on Tuesday, August 8th. The company reported ($0.59) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.59). On average, equities analysts anticipate that Aquinox Pharmaceuticals will post ($2.15) EPS for the current year.

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

Institutional investors have recently modified their holdings of the company. Nexthera Capital LP acquired a new position in shares of Aquinox Pharmaceuticals during the second quarter worth about $1,276,000. Sphera Funds Management LTD. acquired a new position in shares of Aquinox Pharmaceuticals during the second quarter worth about $874,000. Vanguard Group Inc. boosted its position in shares of Aquinox Pharmaceuticals by 6.6% in the second quarter. Vanguard Group Inc. now owns 282,483 shares of the company’s stock worth $3,974,000 after buying an additional 17,455 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Aquinox Pharmaceuticals by 10.0% in the first quarter. Geode Capital Management LLC now owns 121,532 shares of the company’s stock worth $2,028,000 after buying an additional 11,035 shares in the last quarter. Finally, Investment Centers of America Inc. acquired a new position in shares of Aquinox Pharmaceuticals during the first quarter worth about $172,000. 98.20% of the stock is currently owned by hedge funds and other institutional investors.

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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