Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX)’s share price traded down 7.9% during mid-day trading on Monday after ValuEngine downgraded the stock from a hold rating to a sell rating. The company traded as low as $4.25 and last traded at $5.71. 65,709 shares were traded during mid-day trading, a decline of 95% from the average session volume of 1,361,117 shares. The stock had previously closed at $6.20.

A number of other equities analysts also recently issued reports on the company. Gabelli upgraded Lexicon Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Monday. Stifel Nicolaus dropped their price target on Lexicon Pharmaceuticals from $14.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday. Needham & Company LLC reiterated a “hold” rating on shares of Lexicon Pharmaceuticals in a research report on Monday. BidaskClub upgraded Lexicon Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Thursday, March 14th. Finally, Wedbush lifted their target price on Lexicon Pharmaceuticals from $36.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, March 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $17.13.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LXRX. Clearbridge Investments LLC lifted its position in Lexicon Pharmaceuticals by 974,268.4% during the third quarter. Clearbridge Investments LLC now owns 1,295,910 shares of the biopharmaceutical company’s stock valued at $13,827,000 after purchasing an additional 1,295,777 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in Lexicon Pharmaceuticals by 181.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 268,476 shares of the biopharmaceutical company’s stock valued at $1,783,000 after purchasing an additional 173,096 shares in the last quarter. Norges Bank purchased a new position in Lexicon Pharmaceuticals during the fourth quarter valued at $1,005,000. First Trust Advisors LP purchased a new position in Lexicon Pharmaceuticals during the third quarter valued at $1,525,000. Finally, Two Sigma Investments LP raised its holdings in Lexicon Pharmaceuticals by 70.0% during the fourth quarter. Two Sigma Investments LP now owns 313,877 shares of the biopharmaceutical company’s stock valued at $2,084,000 after acquiring an additional 129,215 shares during the period. Institutional investors own 99.16% of the company’s stock.

The firm has a market cap of $658.89 million, a P/E ratio of -4.75 and a beta of 0.70.

Lexicon Pharmaceuticals (NASDAQ:LXRX) last posted its quarterly earnings results on Wednesday, March 13th. The biopharmaceutical company reported ($0.16) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.28) by $0.12. The business had revenue of $17.10 million for the quarter, compared to analysts’ expectations of $13.33 million. Lexicon Pharmaceuticals had a negative return on equity of 911.43% and a negative net margin of 192.53%. The business’s quarterly revenue was down 49.7% on a year-over-year basis. During the same period last year, the firm earned ($0.27) earnings per share. Sell-side analysts expect that Lexicon Pharmaceuticals, Inc. will post -0.26 EPS for the current fiscal year.

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About Lexicon Pharmaceuticals (NASDAQ:LXRX)

Lexicon Pharmaceuticals, Inc, a biopharmaceutical company, focuses on the development and commercialization of pharmaceutical products for the treatment of human diseases. The company offers XERMELO, an orally-delivered small molecule drug candidate for the treatment of carcinoid syndrome diarrhea in combination with somatostatin analog therapy in adults.

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