Rexahn Pharmaceuticals (RNN) Given a $20.00 Price Target at HC Wainwright

Rexahn Pharmaceuticals (NYSEAMERICAN:RNN) has been assigned a $20.00 price target by investment analysts at HC Wainwright in a research note issued to investors on Monday. The brokerage presently has a “buy” rating on the stock.

Several other analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Rexahn Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. ValuEngine raised shares of Rexahn Pharmaceuticals from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. Rexahn Pharmaceuticals currently has an average rating of “Buy” and an average target price of $13.75.

Rexahn Pharmaceuticals (NYSEAMERICAN RNN) traded down $0.01 on Monday, reaching $1.89. 478,458 shares of the company were exchanged, compared to its average volume of 469,961. Rexahn Pharmaceuticals has a 12-month low of $1.69 and a 12-month high of $7.10. The firm has a market cap of $57.54, a P/E ratio of -2.05 and a beta of -0.65.

An institutional investor recently bought a new position in Rexahn Pharmaceuticals stock. Sabby Management LLC acquired a new position in shares of Rexahn Pharmaceuticals, Inc. (NYSEAMERICAN:RNN) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 246,946 shares of the company’s stock, valued at approximately $706,000. Sabby Management LLC owned about 0.87% of Rexahn Pharmaceuticals at the end of the most recent reporting period.

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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.

Analyst Recommendations for Rexahn Pharmaceuticals (NYSEAMERICAN:RNN)

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