Flexion Therapeutics, Inc. (FLXN) Given a $44.00 Price Target by Royal Bank Of Canada Analysts

Royal Bank Of Canada set a $44.00 price target on Flexion Therapeutics, Inc. (NASDAQ:FLXN) in a research report sent to investors on Sunday morning. The firm currently has a buy rating on the specialty pharmaceutical company’s stock.

FLXN has been the topic of several other research reports. Zacks Investment Research upgraded Flexion Therapeutics from a sell rating to a hold rating in a report on Monday, August 28th. ValuEngine upgraded Flexion Therapeutics from a sell rating to a hold rating in a report on Friday, September 1st. Needham & Company LLC restated a buy rating and set a $36.00 price objective on shares of Flexion Therapeutics in a report on Sunday, September 17th. Wells Fargo & Company set a $39.00 price objective on Flexion Therapeutics and gave the stock a buy rating in a report on Friday, October 6th. Finally, BMO Capital Markets restated a buy rating on shares of Flexion Therapeutics in a report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of $88.50.

Flexion Therapeutics (NASDAQ:FLXN) last posted its quarterly earnings data on Tuesday, August 8th. The specialty pharmaceutical company reported ($0.91) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.80) by ($0.11).

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In other news, insider Yamo Deniz bought 3,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were acquired at an average cost of $24.15 per share, with a total value of $72,450.00. Following the transaction, the insider now owns 5,000 shares of the company’s stock, valued at approximately $120,750. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders purchased a total of 5,375 shares of company stock worth $131,575 over the last ninety days. Corporate insiders own 15.98% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Fiduciary Trust Co. purchased a new position in shares of Flexion Therapeutics in the 2nd quarter worth $101,000. IFP Advisors Inc raised its position in shares of Flexion Therapeutics by 24.5% in the 2nd quarter. IFP Advisors Inc now owns 5,080 shares of the specialty pharmaceutical company’s stock worth $103,000 after buying an additional 1,000 shares during the period. Advisor Group Inc. raised its position in shares of Flexion Therapeutics by 205.9% in the 2nd quarter. Advisor Group Inc. now owns 5,200 shares of the specialty pharmaceutical company’s stock worth $105,000 after buying an additional 3,500 shares during the period. State Board of Administration of Florida Retirement System purchased a new position in shares of Flexion Therapeutics in the 3rd quarter worth $235,000. Finally, Voya Investment Management LLC raised its position in shares of Flexion Therapeutics by 25.8% in the 2nd quarter. Voya Investment Management LLC now owns 12,914 shares of the specialty pharmaceutical company’s stock worth $261,000 after buying an additional 2,651 shares during the period. 72.31% of the stock is currently owned by institutional investors and hedge funds.

Flexion Therapeutics Company Profile

Flexion Therapeutics, Inc is a United States-based specialty pharmaceutical company. The Company is focused on the development and commercialization of local therapies for the treatment of patients with musculoskeletal conditions, beginning with osteoarthritis (OA), a type of degenerative arthritis. The Company’s lead product candidate, Zilretta, is a late-stage, injectable, extended-release, intra-articular (IA) investigational steroid.

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