Lexicon Pharmaceuticals, Inc. (LXRX) Given Consensus Recommendation of “Hold” by Analysts
Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX) has received an average rating of “Hold” from the nine research firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $25.33.
LXRX has been the subject of several recent research reports. Zacks Investment Research raised Lexicon Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Wedbush reissued an “ourperform” rating and issued a $39.00 price objective on shares of Lexicon Pharmaceuticals in a report on Monday, August 7th. BidaskClub lowered Lexicon Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Cowen and Company reissued a “hold” rating on shares of Lexicon Pharmaceuticals in a report on Tuesday, August 1st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $21.00 price objective on shares of Lexicon Pharmaceuticals in a report on Sunday, September 17th.
In other news, insider Lonnel Coats acquired 30,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was bought at an average price of $12.54 per share, with a total value of $376,200.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 5.77% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in LXRX. Parametric Portfolio Associates LLC purchased a new position in Lexicon Pharmaceuticals during the 2nd quarter valued at about $182,000. First Mercantile Trust Co. grew its holdings in Lexicon Pharmaceuticals by 11.2% during the 2nd quarter. First Mercantile Trust Co. now owns 12,212 shares of the biopharmaceutical company’s stock valued at $201,000 after buying an additional 1,227 shares in the last quarter. Cim Investment Mangement Inc. purchased a new position in Lexicon Pharmaceuticals during the 2nd quarter valued at about $262,000. Pacad Investment Ltd. purchased a new position in Lexicon Pharmaceuticals during the 2nd quarter valued at about $265,000. Finally, Legal & General Group Plc grew its holdings in Lexicon Pharmaceuticals by 2.6% during the 2nd quarter. Legal & General Group Plc now owns 18,570 shares of the biopharmaceutical company’s stock valued at $305,000 after buying an additional 465 shares in the last quarter.
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Lexicon Pharmaceuticals (NASDAQ:LXRX) opened at 10.57 on Wednesday. The firm has a 50 day moving average of $12.39 and a 200 day moving average of $14.72. The firm’s market capitalization is $1.12 billion. Lexicon Pharmaceuticals has a 12-month low of $10.55 and a 12-month high of $18.00.
Lexicon Pharmaceuticals (NASDAQ:LXRX) last released its earnings results on Tuesday, August 1st. The biopharmaceutical company reported ($0.33) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.45) by $0.12. The company had revenue of $12.00 million for the quarter, compared to analysts’ expectations of $18.34 million. Lexicon Pharmaceuticals had a negative return on equity of 94.87% and a negative net margin of 170.63%. The business’s revenue for the quarter was down 40.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.37) EPS. On average, analysts forecast that Lexicon Pharmaceuticals will post ($1.47) EPS for the current fiscal year.
About Lexicon Pharmaceuticals
Lexicon Pharmaceuticals, Inc is a biopharmaceutical company. The Company focuses on the development and commercialization of breakthrough treatments for human disease. Its drug programs include XERMELO (telotristat ethyl), sotagliflozin, LX2761 and LX9211. It also has a number of additional compounds into various stages of clinical and preclinical development.
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