Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX – Get Free Report)’s share price shot up 9.7% during trading on Tuesday . The stock traded as high as $2.04 and last traded at $2.04. 3,281,414 shares changed hands during trading, a decline of 3% from the average session volume of 3,369,921 shares. The stock had previously closed at $1.86.
Analyst Ratings Changes
Several research firms recently commented on LXRX. Leerink Partners set a $6.00 price objective on Lexicon Pharmaceuticals and gave the company an “outperform” rating in a research report on Friday, October 18th. Needham & Company LLC reaffirmed a “hold” rating on shares of Lexicon Pharmaceuticals in a research report on Wednesday. HC Wainwright reaffirmed a “buy” rating and set a $10.00 price objective on shares of Lexicon Pharmaceuticals in a research report on Wednesday. Finally, StockNews.com raised Lexicon Pharmaceuticals to a “sell” rating in a report on Tuesday, July 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Lexicon Pharmaceuticals currently has a consensus rating of “Hold” and an average price target of $8.00.
Get Our Latest Stock Report on Lexicon Pharmaceuticals
Lexicon Pharmaceuticals Stock Performance
Lexicon Pharmaceuticals (NASDAQ:LXRX – Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The biopharmaceutical company reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.01. Lexicon Pharmaceuticals had a negative return on equity of 105.38% and a negative net margin of 5,509.34%. The firm had revenue of $1.65 million for the quarter, compared to the consensus estimate of $2.74 million. During the same quarter last year, the company earned ($0.22) earnings per share. On average, sell-side analysts anticipate that Lexicon Pharmaceuticals, Inc. will post -0.69 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in LXRX. CVI Holdings LLC bought a new position in shares of Lexicon Pharmaceuticals in the second quarter worth about $34,000. Principal Financial Group Inc. raised its stake in Lexicon Pharmaceuticals by 116.1% during the 2nd quarter. Principal Financial Group Inc. now owns 22,759 shares of the biopharmaceutical company’s stock valued at $38,000 after purchasing an additional 12,225 shares during the period. Great Point Partners LLC bought a new stake in Lexicon Pharmaceuticals during the 2nd quarter valued at approximately $50,000. SG Americas Securities LLC raised its stake in Lexicon Pharmaceuticals by 107.6% during the 3rd quarter. SG Americas Securities LLC now owns 46,090 shares of the biopharmaceutical company’s stock valued at $72,000 after purchasing an additional 23,893 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Lexicon Pharmaceuticals by 44.5% during the 2nd quarter. Victory Capital Management Inc. now owns 45,341 shares of the biopharmaceutical company’s stock valued at $76,000 after purchasing an additional 13,972 shares during the period. Institutional investors own 74.70% of the company’s stock.
Lexicon Pharmaceuticals Company Profile
Lexicon Pharmaceuticals, Inc, a biopharmaceutical company, focuses on the discovery, development, and commercialization of pharmaceutical products. Its orally-delivered small molecule drug candidates under development comprise Sotagliflozin that completed Phase III clinical trials for the for the treatment of heart failure and type 1 diabetes; and LX9211, which is in Phase II clinical development for the treatment of neuropathic pain and LX2761, which is in Phase I clinical development for gastrointestinal tract.
Further Reading
- Five stocks we like better than Lexicon Pharmaceuticals
- Profitably Trade Stocks at 52-Week Highs
- Microsoft Can Hit New All-Time Highs This Year – Here’s Why
- Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance
- Zillow Stock’s Bull Case: Why This Recent Sell-Off Could Be a Buy
- How to Use Stock Screeners to Find Stocks
- IonQ’s Quantum Surge: Ride the Wave or Cash Out?
Receive News & Ratings for Lexicon Pharmaceuticals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lexicon Pharmaceuticals and related companies with MarketBeat.com's FREE daily email newsletter.