Lexicon Pharmaceuticals (LXRX) is Initiated by H.C. Wainwright to Buy, Price Target at $26

Lexicon Pharmaceuticals (LXRX) was Initiated by H.C. Wainwright to “Buy” and the brokerage firm has set the Price Target at $26. H.C. Wainwright advised their investors in a research report released on Oct 7, 2016.

Many Wall Street Analysts have commented on Lexicon Pharmaceuticals. Company shares were Reiterated by Wedbush on Aug 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 31 from a previous price target of $30 .Citigroup Initiated Lexicon Pharmaceuticals on Aug 2, 2016 to “Buy”, Price Target of the shares are set at $21.

On the company’s financial health, Lexicon Pharmaceuticals reported $-0.37 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.38. The company had revenue of $20.09 million for the quarter, compared to analysts expectations of $14.77 million. The company’s revenue was up 5186.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.27 EPS.

Lexicon Pharmaceuticals closed down -0.17 points or -0.94% at $17.85 with 3,25,296 shares getting traded on Tuesday. Post opening the session at $18, the shares hit an intraday low of $17.61 and an intraday high of $18.1799 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Jun 8, 2016, James F Tessmer (VP, Finance & Accounting) sold 1,500 shares at $15.00 per share price.

Lexicon Pharmaceuticals Inc. (Lexicon) is a biopharmaceutical company. The Company is focused on the development of treatments for human disease. The Company is engaged in the development of two drug candidates: telotristat etiprate (LX1032) and sotagliflozin (LX4211). The Company’s telotristat etiprate is an orally delivered small molecule drug candidate as a treatment for carcinoid syndrome. It has completed two Phase II clinical trials and is conducting a single Phase III clinical trial of telotristat etiprate in carcinoid syndrome patients. The Company’s sotagliflozin is an orally delivered small molecule drug candidate as a treatment for type 1 and type 2 diabetes. The Company has completed two Phase II clinical trials of sotagliflozin in type 2 diabetes patients and an additional clinical trial of sotagliflozin in type 2 diabetes patients with renal impairment. It has also completed a Phase II clinical trial of sotagliflozin in type 1 diabetes patients.

Lexicon Pharmaceuticals

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