Rexahn Pharmaceuticals, Inc. (NYSEMKT:RNN)‘s stock had its “buy” rating reissued by research analysts at HC Wainwright in a report issued on Monday. They currently have a $19.50 price target on the stock.

RNN has been the topic of several other reports. ValuEngine upgraded shares of Rexahn Pharmaceuticals from a “strong sell” rating to a “sell” rating in a research report on Thursday. Ifs Securities reiterated an “outperform” rating on shares of Rexahn Pharmaceuticals in a research report on Monday, August 7th. Zacks Investment Research upgraded Rexahn Pharmaceuticals from a “hold” rating to a “buy” rating and set a $2.75 price objective on the stock in a report on Wednesday, October 4th. Finally, Seaport Global Securities reaffirmed a “buy” rating and set a $13.00 target price on shares of Rexahn Pharmaceuticals in a research note on Friday, October 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. Rexahn Pharmaceuticals has an average rating of “Buy” and a consensus target price of $13.75.

Rexahn Pharmaceuticals (NYSEMKT RNN) remained flat at $$1.93 during trading on Monday. The company’s stock had a trading volume of 137,955 shares, compared to its average volume of 625,748. Rexahn Pharmaceuticals has a twelve month low of $0.38 and a twelve month high of $7.10.

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Several hedge funds and other institutional investors have recently made changes to their positions in RNN. Sabby Management LLC acquired a new stake in Rexahn Pharmaceuticals in the 2nd quarter worth approximately $706,000. Susquehanna International Group LLP acquired a new stake in Rexahn Pharmaceuticals in the 2nd quarter worth approximately $2,905,000. Finally, Renaissance Technologies LLC lifted its holdings in Rexahn Pharmaceuticals by 17.6% in the 1st quarter. Renaissance Technologies LLC now owns 5,758,391 shares of the company’s stock worth $2,937,000 after purchasing an additional 862,000 shares during the last quarter.

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.

Analyst Recommendations for Rexahn Pharmaceuticals (NYSEMKT:RNN)

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