Aldeyra Therapeutics (ALDX) Stock Rating Lowered by Zacks Investment Research

Aldeyra Therapeutics (NASDAQ:ALDX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “Aldeyra Therapeutics, Inc. is a biotechnology company. The company’s products target immune-mediated, inflammatory, orphan, and other diseases. It is developing NS2, a compound that binds and traps free aldehydes. Aldeyra Therapeutics, Inc. is based in Burlington, Massachusetts. “

Several other equities analysts have also commented on ALDX. ValuEngine lowered Aldeyra Therapeutics from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Cowen reiterated an “outperform” rating and issued a $14.00 target price (up from $9.00) on shares of Aldeyra Therapeutics in a research note on Thursday, September 14th. Cantor Fitzgerald assumed coverage on Aldeyra Therapeutics in a research note on Tuesday, October 24th. They set an “overweight” rating and a $22.00 price target for the company. Finally, Canaccord Genuity restated a “buy” rating and set a $27.00 price target (up from $12.00) on shares of Aldeyra Therapeutics in a research note on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. Aldeyra Therapeutics presently has a consensus rating of “Buy” and an average price target of $17.42.

Aldeyra Therapeutics (ALDX) traded down $0.55 during trading on Tuesday, reaching $6.55. The company had a trading volume of 277,200 shares, compared to its average volume of 115,220. The firm has a market capitalization of $125.70, a price-to-earnings ratio of -4.65 and a beta of 0.53. Aldeyra Therapeutics has a 52-week low of $3.80 and a 52-week high of $11.90. The company has a debt-to-equity ratio of 0.02, a current ratio of 20.35 and a quick ratio of 20.35.

Aldeyra Therapeutics (NASDAQ:ALDX) last released its earnings results on Thursday, November 9th. The biotechnology company reported ($0.32) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.41) by $0.09. equities research analysts forecast that Aldeyra Therapeutics will post -1.39 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in ALDX. Vanguard Group Inc. increased its stake in Aldeyra Therapeutics by 3.2% during the second quarter. Vanguard Group Inc. now owns 304,633 shares of the biotechnology company’s stock worth $1,431,000 after acquiring an additional 9,407 shares during the last quarter. Virtu KCG Holdings LLC acquired a new stake in Aldeyra Therapeutics during the second quarter worth about $104,000. Bank of New York Mellon Corp acquired a new stake in Aldeyra Therapeutics during the third quarter worth about $134,000. Sphera Funds Management LTD. increased its stake in Aldeyra Therapeutics by 19.2% during the third quarter. Sphera Funds Management LTD. now owns 1,044,131 shares of the biotechnology company’s stock worth $7,518,000 after acquiring an additional 168,200 shares during the last quarter. Finally, Perceptive Advisors LLC increased its stake in Aldeyra Therapeutics by 6.9% during the third quarter. Perceptive Advisors LLC now owns 3,085,458 shares of the biotechnology company’s stock worth $22,215,000 after acquiring an additional 200,000 shares during the last quarter. Institutional investors own 47.89% of the company’s stock.

TRADEMARK VIOLATION WARNING: This report was posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The legal version of this report can be viewed at https://www.com-unik.info/2018/01/09/aldeyra-therapeutics-aldx-stock-rating-lowered-by-zacks-investment-research.html.

Aldeyra Therapeutics Company Profile

Aldeyra Therapeutics, Inc, formerly Aldexa Therapeutics, Inc, is a biotechnology company. The Company’s principal activities include raising capital and research and development activities. The Company’s segment is the identification and development of a treatment for diseases related to high levels of aldehydes.

Get a free copy of the Zacks research report on Aldeyra Therapeutics (ALDX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Aldeyra Therapeutics (NASDAQ:ALDX)

What are top analysts saying about Aldeyra Therapeutics? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Aldeyra Therapeutics and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit