Equities research analysts expect Flexion Therapeutics Inc (NASDAQ:FLXN) to report sales of $1.29 million for the current quarter, according to Zacks. Two analysts have issued estimates for Flexion Therapeutics’ earnings, with estimates ranging from $900,000.00 to $1.68 million. The company is expected to issue its next quarterly earnings report on Thursday, March 8th.

According to Zacks, analysts expect that Flexion Therapeutics will report full-year sales of $1.29 million for the current year, with estimates ranging from $900,000.00 to $1.68 million. For the next fiscal year, analysts expect that the firm will post sales of $25.45 million per share, with estimates ranging from $17.50 million to $41.70 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Flexion Therapeutics.

A number of research firms have recently commented on FLXN. BMO Capital Markets reaffirmed an “outperform” rating and set a $37.00 price target (up previously from $35.00) on shares of Flexion Therapeutics in a research report on Monday, October 9th. Needham & Company LLC raised their price target on Flexion Therapeutics from $36.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, October 9th. Wells Fargo & Company set a $39.00 price target on Flexion Therapeutics and gave the stock a “buy” rating in a research report on Friday, October 6th. Laidlaw reaffirmed a “buy” rating and set a $38.00 price target (up previously from $35.00) on shares of Flexion Therapeutics in a research report on Tuesday, October 10th. Finally, Janney Montgomery Scott raised their price target on Flexion Therapeutics to $570.00 and gave the stock a “fair value” rating in a research report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $98.33.

Shares of Flexion Therapeutics (NASDAQ:FLXN) opened at $24.33 on Wednesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 12.93 and a current ratio of 12.93. Flexion Therapeutics has a 1 year low of $16.51 and a 1 year high of $32.25.

In related news, insider Michael D. Clayman purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was purchased at an average cost of $23.60 per share, for a total transaction of $118,000.00. Following the completion of the purchase, the insider now directly owns 35,395 shares in the company, valued at $835,322. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Neil Bodick purchased 2,700 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was bought at an average price of $24.49 per share, with a total value of $66,123.00. Following the completion of the purchase, the insider now owns 64,605 shares of the company’s stock, valued at $1,582,176.45. The disclosure for this purchase can be found here. 15.98% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of FLXN. Bank of New York Mellon Corp boosted its stake in shares of Flexion Therapeutics by 27.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,716,189 shares of the specialty pharmaceutical company’s stock worth $54,921,000 after acquiring an additional 591,981 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Flexion Therapeutics by 32.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 17,970 shares of the specialty pharmaceutical company’s stock worth $363,000 after acquiring an additional 4,395 shares during the period. Teachers Advisors LLC lifted its holdings in Flexion Therapeutics by 3.1% during the 1st quarter. Teachers Advisors LLC now owns 44,796 shares of the specialty pharmaceutical company’s stock worth $1,205,000 after purchasing an additional 1,328 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Flexion Therapeutics by 5.9% during the 2nd quarter. Vanguard Group Inc. now owns 1,054,464 shares of the specialty pharmaceutical company’s stock worth $21,321,000 after purchasing an additional 59,143 shares during the last quarter. Finally, Scholtz & Company LLC acquired a new stake in Flexion Therapeutics during the 2nd quarter worth approximately $1,131,000. Hedge funds and other institutional investors own 72.78% of the company’s stock.

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About Flexion Therapeutics

Flexion Therapeutics, Inc is a United States-based specialty pharmaceutical company. The Company is focused on the development and commercialization of local therapies for the treatment of patients with musculoskeletal conditions, beginning with osteoarthritis (OA), a type of degenerative arthritis. The Company’s lead product candidate, Zilretta, is a late-stage, injectable, extended-release, intra-articular (IA) investigational steroid.

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