ValuEngine Upgrades Rexahn Pharmaceuticals, Inc. (RNN) to “Sell”
Rexahn Pharmaceuticals, Inc. (NYSEMKT:RNN) was upgraded by investment analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued on Thursday.
Several other research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Rexahn Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Friday, October 13th. Seaport Global Securities reaffirmed a “buy” rating and issued a $13.00 target price on shares of Rexahn Pharmaceuticals in a report on Friday, October 6th. HC Wainwright set a $20.00 target price on shares of Rexahn Pharmaceuticals and gave the stock a “buy” rating in a report on Monday, September 11th. Finally, Ifs Securities reaffirmed an “outperform” rating on shares of Rexahn Pharmaceuticals in a report on Monday, August 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $13.85.
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Hedge funds have recently made changes to their positions in the business. Sabby Management LLC purchased a new stake in Rexahn Pharmaceuticals in the 2nd quarter worth $706,000. Susquehanna International Group LLP purchased a new stake in Rexahn Pharmaceuticals in the 2nd quarter worth $2,905,000. Finally, Renaissance Technologies LLC lifted its stake in Rexahn Pharmaceuticals by 17.6% in the 1st quarter. Renaissance Technologies LLC now owns 5,758,391 shares of the company’s stock worth $2,937,000 after purchasing an additional 862,000 shares in the last quarter.
About Rexahn Pharmaceuticals
Rexahn Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company engaged in the discovery, development and commercialization of treatments for cancer. The Company’s clinical-stage drug candidates in active development include Archexin, RX-3117 and Supinoxin (RX-5902). Archexin is a potent inhibitor of the protein kinase Akt-1, which focuses on cancer cell proliferation, survival, angiogenesis, metastasis and drug resistance.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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