Wall Street brokerages expect Aevi Genomic Medicine, Inc. (NASDAQ:GNMX) to announce ($0.17) earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have made estimates for Aevi Genomic Medicine’s earnings, with estimates ranging from ($0.18) to ($0.15). Aevi Genomic Medicine posted earnings per share of ($0.22) during the same quarter last year, which indicates a positive year-over-year growth rate of 22.7%. The company is expected to report its next quarterly earnings results on Thursday, March 8th.

According to Zacks, analysts expect that Aevi Genomic Medicine will report full year earnings of ($0.88) per share for the current financial year, with EPS estimates ranging from ($0.91) to ($0.85). For the next financial year, analysts expect that the business will report earnings of ($0.81) per share, with EPS estimates ranging from ($0.90) to ($0.71). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Aevi Genomic Medicine.

Aevi Genomic Medicine (NASDAQ:GNMX) last issued its earnings results on Thursday, November 2nd. The biotechnology company reported ($0.23) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.01). During the same period in the previous year, the company earned ($0.29) earnings per share.

A number of equities research analysts have recently weighed in on GNMX shares. Jefferies Group reissued a “hold” rating and set a $1.50 price objective on shares of Aevi Genomic Medicine in a report on Thursday, September 28th. Needham & Company LLC cut their price objective on shares of Aevi Genomic Medicine from $9.00 to $7.00 and set a “buy” rating for the company in a report on Wednesday, August 16th.

In other Aevi Genomic Medicine news, insider Garry Arthur Neil acquired 75,000 shares of the firm’s stock in a transaction on Tuesday, October 17th. The stock was bought at an average cost of $1.26 per share, for a total transaction of $94,500.00. Following the completion of the purchase, the insider now directly owns 114,774 shares in the company, valued at $144,615.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sol J. Barer acquired 421,032 shares of the firm’s stock in a transaction on Tuesday, October 17th. The shares were acquired at an average price of $1.26 per share, with a total value of $530,500.32. Following the completion of the purchase, the director now owns 1,028,032 shares of the company’s stock, valued at $1,295,320.32. The disclosure for this purchase can be found here. In the last three months, insiders bought 615,079 shares of company stock valued at $775,000. Company insiders own 15.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. LMR Partners LLP acquired a new stake in shares of Aevi Genomic Medicine during the second quarter worth $149,000. Wells Fargo & Company MN raised its position in Aevi Genomic Medicine by 433.7% during the third quarter. Wells Fargo & Company MN now owns 130,662 shares of the biotechnology company’s stock valued at $165,000 after acquiring an additional 106,178 shares in the last quarter. Northern Capital Management LLC raised its position in shares of Aevi Genomic Medicine by 317.9% in the second quarter. Northern Capital Management LLC now owns 106,050 shares of the biotechnology company’s stock valued at $141,000 after purchasing an additional 80,675 shares during the period. Birchview Capital LP grew its stake in shares of Aevi Genomic Medicine by 88.2% in the second quarter. Birchview Capital LP now owns 128,000 shares of the biotechnology company’s stock worth $170,000 after acquiring an additional 60,000 shares during the last quarter. Finally, TIAA CREF Investment Management LLC grew its stake in shares of Aevi Genomic Medicine by 16.7% in the first quarter. TIAA CREF Investment Management LLC now owns 97,719 shares of the biotechnology company’s stock worth $182,000 after acquiring an additional 13,966 shares during the last quarter. Hedge funds and other institutional investors own 16.90% of the company’s stock.

Shares of Aevi Genomic Medicine (NASDAQ:GNMX) opened at $1.18 on Friday. Aevi Genomic Medicine has a twelve month low of $0.98 and a twelve month high of $6.89.

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About Aevi Genomic Medicine

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 crohnÂ’s disease.

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