Equities research analysts at Guggenheim began coverage on shares of Aquinox Pharmaceuticals (NASDAQ:AQXP) in a research report issued on Thursday, The Fly reports. The firm set a “buy” rating on the stock.
A number of other brokerages have also recently issued reports on AQXP. BidaskClub raised shares of Aquinox Pharmaceuticals from a “strong sell” rating to a “sell” rating in a research note on Monday. Zacks Investment Research raised shares of Aquinox Pharmaceuticals from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Tuesday, January 9th. Canaccord Genuity set a $22.00 price objective on shares of Aquinox Pharmaceuticals and gave the company a “buy” rating in a research note on Tuesday, December 19th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Aquinox Pharmaceuticals in a research note on Thursday, November 9th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Aquinox Pharmaceuticals in a research note on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $22.00.
Aquinox Pharmaceuticals (NASDAQ:AQXP) traded down $0.22 on Thursday, hitting $13.40. 185,511 shares of the stock traded hands, compared to its average volume of 93,519. Aquinox Pharmaceuticals has a twelve month low of $10.02 and a twelve month high of $19.97. The company has a market capitalization of $314.43, a PE ratio of -6.94 and a beta of -15.97.
Hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp raised its holdings in Aquinox Pharmaceuticals by 16.5% in the second quarter. Bank of New York Mellon Corp now owns 23,260 shares of the company’s stock worth $327,000 after purchasing an additional 3,299 shares during the period. Northern Trust Corp raised its holdings in Aquinox Pharmaceuticals by 3.3% in the second quarter. Northern Trust Corp now owns 83,207 shares of the company’s stock worth $1,171,000 after purchasing an additional 2,691 shares during the period. Vanguard Group Inc. raised its holdings in Aquinox Pharmaceuticals by 6.6% in the second quarter. Vanguard Group Inc. now owns 282,483 shares of the company’s stock worth $3,974,000 after purchasing an additional 17,455 shares during the period. Sphera Funds Management LTD. raised its holdings in Aquinox Pharmaceuticals by 21.7% in the third quarter. Sphera Funds Management LTD. now owns 75,535 shares of the company’s stock worth $1,072,000 after purchasing an additional 13,450 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in Aquinox Pharmaceuticals in the third quarter worth $194,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.
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About Aquinox Pharmaceuticals
Aquinox Pharmaceuticals, Inc is a clinical-stage pharmaceutical company discovering and developing targeted therapeutics in disease areas of inflammation and immuno-oncology. The Company’s primary focus is anti-inflammatory product candidates targeting the Src Homology 2 (SH2)-containing inositol-5-phosphatase 1 (SHIP1) enzyme, which is a regulator of a cellular signaling pathway in immune cells, known as the phosphatidylinositol-4,5-bisphosphate 3-kinase (PI3K) pathway.
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