Zacks Investment Research lowered shares of Foamix Pharmaceuticals Ltd. (NASDAQ:FOMX) from a hold rating to a sell rating in a research report report published on Tuesday morning.

According to Zacks, “Foamix Pharmaceuticals Ltd. is a specialty pharmaceutical company. It develops and commercializes foam-based formulations acne, impetigo, and other skin conditions. The Company’s lead product candidates include FMX101, which has completed a dose-ranging Phase II clinical trial for the treatment of moderate-to-severe acne; and FMX102 that has completed a Phase II clinical trial for the treatment of impetigo. It has operations primarily in the United States, Germany, and Israel. Foamix Pharmaceuticals Ltd. is headquartered in Rehovot, Israel. “

Several other research analysts have also weighed in on the stock. Credit Suisse Group restated a buy rating and set a $9.00 target price on shares of Foamix Pharmaceuticals in a research report on Wednesday, July 19th. HC Wainwright initiated coverage on shares of Foamix Pharmaceuticals in a research report on Thursday, August 24th. They set a buy rating and a $12.00 target price on the stock.

Shares of Foamix Pharmaceuticals (FOMX) opened at 6.45 on Tuesday. Foamix Pharmaceuticals has a 12 month low of $4.03 and a 12 month high of $11.27. The firm’s 50-day moving average price is $5.28 and its 200 day moving average price is $4.99. The company’s market cap is $241.40 million.

Foamix Pharmaceuticals (NASDAQ:FOMX) last issued its earnings results on Tuesday, August 8th. The specialty pharmaceutical company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.39) by ($0.05). Foamix Pharmaceuticals had a negative return on equity of 39.20% and a negative net margin of 823.74%. The company had revenue of $0.80 million for the quarter, compared to analyst estimates of $1.50 million. During the same quarter in the previous year, the company posted ($0.27) earnings per share. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. Equities research analysts anticipate that Foamix Pharmaceuticals will post ($1.53) earnings per share for the current fiscal year.

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Several hedge funds have recently added to or reduced their stakes in FOMX. Baird Financial Group Inc. acquired a new stake in shares of Foamix Pharmaceuticals in the first quarter valued at approximately $188,000. AXA grew its position in shares of Foamix Pharmaceuticals by 19.3% in the first quarter. AXA now owns 826,437 shares of the specialty pharmaceutical company’s stock valued at $4,091,000 after purchasing an additional 133,602 shares during the last quarter. MARSHALL WACE ASIA Ltd acquired a new stake in shares of Foamix Pharmaceuticals in the first quarter valued at approximately $2,217,000. Marshall Wace North America L.P. acquired a new stake in shares of Foamix Pharmaceuticals in the first quarter valued at approximately $2,217,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Foamix Pharmaceuticals in the first quarter valued at approximately $307,000. Institutional investors and hedge funds own 57.60% of the company’s stock.

About Foamix Pharmaceuticals

Foamix Pharmaceuticals Ltd. is a clinical-stage pharmaceutical company. The Company is engaged in the development and commercialization of foam-based formulations, using its technology, which includes its foam platforms. It is focused on developing and commercializing its minocycline foam for the treatment of acne, rosacea and other skin conditions.

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