Aevi Genomic Medicine, Inc. (GNMX) Posts Earnings Results, Misses Estimates By $0.01 EPS
Aevi Genomic Medicine, Inc. (NASDAQ:GNMX) released its quarterly earnings results on Thursday. The biotechnology company reported ($0.23) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.01), Briefing.com reports. During the same period in the prior year, the business earned ($0.29) earnings per share.
In other Aevi Genomic Medicine news, Director Sol J. Barer bought 421,032 shares of Aevi Genomic Medicine stock in a transaction dated Tuesday, October 17th. The stock was bought at an average price of $1.26 per share, for a total transaction of $530,500.32. Following the completion of the acquisition, the director now directly owns 1,028,032 shares of the company’s stock, valued at $1,295,320.32. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael F. Cola bought 119,047 shares of Aevi Genomic Medicine stock in a transaction dated Tuesday, October 17th. The stock was acquired at an average price of $1.26 per share, with a total value of $149,999.22. Following the acquisition, the chief executive officer now directly owns 218,483 shares of the company’s stock, valued at $275,288.58. The disclosure for this purchase can be found here. Insiders bought 645,910 shares of company stock valued at $811,792 in the last 90 days. Corporate insiders own 15.20% of the company’s stock.
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A number of equities analysts have recently weighed in on GNMX shares. Needham & Company LLC cut their price target on Aevi Genomic Medicine from $9.00 to $7.00 and set a “buy” rating for the company in a report on Wednesday, August 16th. Jefferies Group LLC reissued a “hold” rating and issued a $1.50 price target on shares of Aevi Genomic Medicine in a report on Thursday, September 28th.
Aevi Genomic Medicine Company Profile
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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