Analysts Anticipate Xenon Pharmaceuticals Inc. (XENE) Will Announce Quarterly Sales of $6.38 Million
Equities analysts predict that Xenon Pharmaceuticals Inc. (NASDAQ:XENE) will announce $6.38 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Xenon Pharmaceuticals’ earnings, with estimates ranging from $250,000.00 to $12.50 million. Xenon Pharmaceuticals posted sales of $380,000.00 in the same quarter last year, which would indicate a positive year-over-year growth rate of 1,578.9%. The firm is expected to report its next quarterly earnings report on Wednesday, March 14th.
On average, analysts expect that Xenon Pharmaceuticals will report full year sales of $6.38 million for the current financial year, with estimates ranging from $550,000.00 to $12.80 million. For the next year, analysts expect that the business will report sales of $13.50 million per share. Zacks’ sales calculations are an average based on a survey of analysts that follow Xenon Pharmaceuticals.
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Xenon Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. Jefferies Group set a $5.00 target price on shares of Xenon Pharmaceuticals and gave the company a “buy” rating in a research report on Friday, August 4th.
In other news, Director Mohammad Azab bought 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was bought at an average price of $2.22 per share, with a total value of $33,300.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 9.40% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Scotia Capital Inc. raised its holdings in shares of Xenon Pharmaceuticals by 36.0% in the second quarter. Scotia Capital Inc. now owns 35,629 shares of the biopharmaceutical company’s stock worth $112,000 after buying an additional 9,426 shares during the last quarter. KCG Holdings Inc. purchased a new position in shares of Xenon Pharmaceuticals in the first quarter worth $122,000. K2 Principal Fund L.P. raised its holdings in shares of Xenon Pharmaceuticals by 40.6% in the second quarter. K2 Principal Fund L.P. now owns 164,510 shares of the biopharmaceutical company’s stock worth $518,000 after buying an additional 47,535 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Xenon Pharmaceuticals by 90.1% in the first quarter. Renaissance Technologies LLC now owns 217,090 shares of the biopharmaceutical company’s stock worth $868,000 after buying an additional 102,890 shares during the last quarter. Finally, DAFNA Capital Management LLC raised its holdings in shares of Xenon Pharmaceuticals by 11.2% in the second quarter. DAFNA Capital Management LLC now owns 377,695 shares of the biopharmaceutical company’s stock worth $1,190,000 after buying an additional 38,081 shares during the last quarter. 51.95% of the stock is owned by institutional investors.
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About Xenon Pharmaceuticals
Xenon Pharmaceuticals Inc is a Canada-based clinical-stage biopharmaceutical company. It is engaged in discovering and developing a pipeline of differentiated therapeutics for orphan indications. Its product pipeline includes: Glybera, TV-45070, GDC-0310, XEN901 (Nav1.6 inhibitor) and XEN1101. Glybera is used for the treatment of lipoprotein lipase deficiency (LPLD).
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