Aquinox Pharmaceuticals, Inc. (NASDAQ:AQXP) has been assigned a consensus recommendation of “Hold” from the seven brokerages that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $24.67.

A number of equities analysts have recently weighed in on AQXP shares. Zacks Investment Research cut Aquinox Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. ValuEngine cut Aquinox Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Friday, September 15th. Canaccord Genuity set a $22.00 price target on Aquinox Pharmaceuticals and gave the stock a “buy” rating in a report on Tuesday, August 8th. Finally, BidaskClub cut Aquinox Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Friday, July 28th.

Aquinox Pharmaceuticals (NASDAQ AQXP) traded down 0.28% on Wednesday, reaching $14.01. 25,133 shares of the company’s stock traded hands. The stock’s market capitalization is $328.74 million. Aquinox Pharmaceuticals has a 52 week low of $9.83 and a 52 week high of $19.97. The firm has a 50-day moving average price of $14.24 and a 200-day moving average price of $14.41.

Aquinox Pharmaceuticals (NASDAQ:AQXP) last released its quarterly earnings results on Tuesday, August 8th. The company reported ($0.59) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.59). On average, analysts predict that Aquinox Pharmaceuticals will post ($2.15) earnings per share for the current year.

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A number of institutional investors have recently made changes to their positions in the stock. Alps Advisors Inc. boosted its holdings in Aquinox Pharmaceuticals by 4.7% during the 2nd quarter. Alps Advisors Inc. now owns 21,090 shares of the company’s stock valued at $297,000 after acquiring an additional 939 shares during the period. Northern Trust Corp boosted its holdings in Aquinox Pharmaceuticals by 3.3% during the 2nd quarter. Northern Trust Corp now owns 83,207 shares of the company’s stock valued at $1,171,000 after acquiring an additional 2,691 shares during the period. Bank of New York Mellon Corp boosted its holdings in Aquinox Pharmaceuticals by 16.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 23,260 shares of the company’s stock valued at $327,000 after acquiring an additional 3,299 shares during the period. Archon Partners LLC boosted its holdings in Aquinox Pharmaceuticals by 44.0% during the 2nd quarter. Archon Partners LLC now owns 18,000 shares of the company’s stock valued at $253,000 after acquiring an additional 5,500 shares during the period. Finally, Investment Centers of America Inc. purchased a new position in Aquinox Pharmaceuticals during the 1st quarter valued at about $172,000. Institutional investors own 95.15% of the company’s stock.

Aquinox Pharmaceuticals Company Profile

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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