Tonix Pharmaceuticals (NASDAQ:TNXP) was downgraded by investment analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued to investors on Friday.

Other equities research analysts have also issued reports about the company. Dawson James reaffirmed a “buy” rating and issued a $9.00 price objective on shares of Tonix Pharmaceuticals in a research note on Wednesday, August 23rd. Drexel Hamilton initiated coverage on Tonix Pharmaceuticals in a research report on Tuesday, August 22nd. They set a “buy” rating on the stock. Finally, Roth Capital raised Tonix Pharmaceuticals from a “neutral” rating to a “buy” rating and set a $6.00 price objective for the company in a research report on Friday, August 18th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $8.33.

Tonix Pharmaceuticals (NASDAQ:TNXP) opened at $4.05 on Friday. Tonix Pharmaceuticals has a one year low of $2.85 and a one year high of $9.40.

A hedge fund recently raised its stake in Tonix Pharmaceuticals stock. Vanguard Group Inc. lifted its holdings in Tonix Pharmaceuticals Holding Corp. (NASDAQ:TNXP) by 28.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 184,377 shares of the company’s stock after purchasing an additional 41,264 shares during the period. Vanguard Group Inc. owned about 2.46% of Tonix Pharmaceuticals worth $799,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 17.51% of the company’s stock.

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About Tonix Pharmaceuticals

Tonix Pharmaceuticals Holding Corp., a clinical-stage pharmaceutical company, engages in developing pharmaceutical products for central nervous system disorders. The company’s lead program focuses on post-traumatic stress disorder (PTSD) that is characterized by chronic disability, inadequate treatment options, high utilization of healthcare services, and economic burden.

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Analyst Recommendations for Tonix Pharmaceuticals (NASDAQ:TNXP)

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