Analysts Set Lexicon Pharmaceuticals, Inc. (LXRX) Price Target at $25.33
Shares of Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX) have earned a consensus rating of “Hold” from the eight research firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $25.33.
A number of research firms have recently issued reports on LXRX. Wedbush reissued an “outperform” rating on shares of Lexicon Pharmaceuticals in a research report on Thursday, October 5th. Needham & Company LLC reissued a “buy” rating and issued a $21.00 price target on shares of Lexicon Pharmaceuticals in a research report on Sunday, September 17th. Cowen and Company reissued a “hold” rating on shares of Lexicon Pharmaceuticals in a research report on Tuesday, August 1st. Zacks Investment Research raised shares of Lexicon Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, BidaskClub lowered shares of Lexicon Pharmaceuticals from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th.
Lexicon Pharmaceuticals (NASDAQ:LXRX) traded up $0.18 during midday trading on Friday, hitting $9.75. 833,396 shares of the stock were exchanged, compared to its average volume of 811,913. The company has a quick ratio of 1.65, a current ratio of 1.66 and a debt-to-equity ratio of 1.09. Lexicon Pharmaceuticals has a 1-year low of $8.07 and a 1-year high of $18.00.
Lexicon Pharmaceuticals (NASDAQ:LXRX) last posted its quarterly earnings results on Wednesday, November 8th. The biopharmaceutical company reported ($0.29) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.07. The business had revenue of $26.94 million during the quarter, compared to analyst estimates of $27.97 million. Lexicon Pharmaceuticals had a negative net margin of 165.69% and a negative return on equity of 111.68%. The firm’s revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.35) earnings per share. sell-side analysts predict that Lexicon Pharmaceuticals will post -1.45 EPS for the current fiscal year.
In other Lexicon Pharmaceuticals news, Director Public Equities L.P. Invus acquired 145,680 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were purchased at an average price of $9.74 per share, with a total value of $1,418,923.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lonnel Coats acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were acquired at an average cost of $9.91 per share, for a total transaction of $99,100.00. Following the transaction, the chief executive officer now owns 42,985 shares of the company’s stock, valued at approximately $425,981.35. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 945,353 shares of company stock worth $9,304,953. Insiders own 5.77% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. grew its holdings in Lexicon Pharmaceuticals by 0.3% during the first quarter. Principal Financial Group Inc. now owns 22,684 shares of the biopharmaceutical company’s stock valued at $325,000 after purchasing an additional 70 shares during the last quarter. Vanguard Group Inc. grew its holdings in Lexicon Pharmaceuticals by 16.3% during the first quarter. Vanguard Group Inc. now owns 4,168,301 shares of the biopharmaceutical company’s stock valued at $59,773,000 after purchasing an additional 585,222 shares during the last quarter. Geode Capital Management LLC grew its holdings in Lexicon Pharmaceuticals by 1.0% during the first quarter. Geode Capital Management LLC now owns 433,420 shares of the biopharmaceutical company’s stock valued at $6,215,000 after purchasing an additional 4,141 shares during the last quarter. Morgan Stanley grew its holdings in Lexicon Pharmaceuticals by 22.7% during the first quarter. Morgan Stanley now owns 174,765 shares of the biopharmaceutical company’s stock valued at $2,505,000 after purchasing an additional 32,276 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Lexicon Pharmaceuticals during the first quarter valued at approximately $3,750,000.
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About Lexicon Pharmaceuticals
Lexicon Pharmaceuticals, Inc is a biopharmaceutical company. The Company focuses on the development and commercialization of breakthrough treatments for human disease. Its drug programs include XERMELO (telotristat ethyl), sotagliflozin, LX2761 and LX9211. It also has a number of additional compounds into various stages of clinical and preclinical development.
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