Rexahn Pharmaceuticals, Inc. (RNN) Given Consensus Recommendation of “Buy” by Analysts
Rexahn Pharmaceuticals, Inc. (NYSEMKT:RNN) has been assigned a consensus recommendation of “Buy” from the seven research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $16.50.
A number of research firms recently commented on RNN. HC Wainwright reaffirmed a “buy” rating and issued a $19.50 target price on shares of Rexahn Pharmaceuticals in a research report on Monday. Ifs Securities reaffirmed an “outperform” rating on shares of Rexahn Pharmaceuticals in a research report on Monday, August 7th. Zacks Investment Research downgraded shares of Rexahn Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. ValuEngine raised shares of Rexahn Pharmaceuticals from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 2nd. Finally, Seaport Global Securities reaffirmed a “buy” rating and issued a $13.00 target price on shares of Rexahn Pharmaceuticals in a research report on Friday, October 6th.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Sabby Management LLC purchased a new position in shares of Rexahn Pharmaceuticals in the 2nd quarter valued at about $706,000. Susquehanna International Group LLP purchased a new position in shares of Rexahn Pharmaceuticals in the 2nd quarter valued at about $2,905,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Rexahn Pharmaceuticals by 17.6% in the 1st quarter. Renaissance Technologies LLC now owns 5,758,391 shares of the company’s stock valued at $2,937,000 after purchasing an additional 862,000 shares in the last quarter.
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Rexahn Pharmaceuticals (RNN) traded down $0.09 during midday trading on Tuesday, hitting $1.85. 240,696 shares of the company were exchanged, compared to its average volume of 629,507. Rexahn Pharmaceuticals has a 1 year low of $0.38 and a 1 year high of $7.10.
Rexahn Pharmaceuticals Company Profile
Rexahn Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company engaged in the discovery, development and commercialization of treatments for cancer. The Company’s clinical-stage drug candidates in active development include Archexin, RX-3117 and Supinoxin (RX-5902). Archexin is a potent inhibitor of the protein kinase Akt-1, which focuses on cancer cell proliferation, survival, angiogenesis, metastasis and drug resistance.
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