Aptinyx (NASDAQ:APTX) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, March 21st. Analysts expect the company to announce earnings of ($0.50) per share for the quarter.
APTX opened at $4.06 on Friday. Aptinyx has a 1-year low of $4.04 and a 1-year high of $32.25.
APTX has been the subject of several research analyst reports. Leerink Swann dropped their target price on shares of Aptinyx from $35.00 to $22.00 and set an “outperform” rating for the company in a research report on Thursday, January 17th. Cantor Fitzgerald reissued a “buy” rating and issued a $40.00 target price on shares of Aptinyx in a research report on Monday, December 3rd. JPMorgan Chase & Co. downgraded shares of Aptinyx from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $30.00 to $8.00 in a research report on Thursday, January 17th. Zacks Investment Research raised shares of Aptinyx from a “hold” rating to a “buy” rating and set a $6.00 target price for the company in a research report on Monday, January 21st. Finally, BMO Capital Markets decreased their price target on shares of Aptinyx to $18.00 and set an “outperform” rating for the company in a report on Friday, January 18th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Aptinyx presently has an average rating of “Buy” and a consensus target price of $18.80.
In other Aptinyx news, Director Robert J. Hombach purchased 25,000 shares of the firm’s stock in a transaction dated Friday, January 25th. The stock was acquired at an average cost of $5.53 per share, with a total value of $138,250.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Ashish Khanna purchased 10,000 shares of the firm’s stock in a transaction dated Friday, January 18th. The stock was acquired at an average cost of $5.45 per share, with a total value of $54,500.00. The disclosure for this purchase can be found here. Insiders bought a total of 36,050 shares of company stock valued at $198,284 over the last ninety days.
A hedge fund recently raised its stake in Aptinyx stock. Geode Capital Management LLC raised its position in shares of Aptinyx Inc (NASDAQ:APTX) by 20.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 107,464 shares of the company’s stock after purchasing an additional 17,914 shares during the period. Geode Capital Management LLC owned 0.32% of Aptinyx worth $1,777,000 at the end of the most recent quarter. 63.11% of the stock is owned by institutional investors.
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Aptinyx Inc, a clinical-stage biopharmaceutical company, focuses on the discovery, development, and commercialization of novel, proprietary, and synthetic small molecules for the treatment of brain and nervous system disorders. It is developing NYX-2925 that is in Phase II clinical trial for the treatment of painful diabetic peripheral neuropathy, as well as in Phase II exploratory clinical trial for fibromyalgia; and NYX-783, an NMDAr receptor that is in Phase I clinical trial for the treatment of post-traumatic stress disorder.
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