Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX) shares hit a new 52-week low during trading on Friday . The company traded as low as $5.29 and last traded at $6.00, with a volume of 82300 shares trading hands. The stock had previously closed at $7.70.
A number of research analysts have commented on LXRX shares. BidaskClub lowered Lexicon Pharmaceuticals from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 4th. Citigroup reduced their price target on Lexicon Pharmaceuticals from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday, November 2nd. Cowen restated a “hold” rating on shares of Lexicon Pharmaceuticals in a research report on Friday, November 2nd. Gabelli restated a “hold” rating on shares of Lexicon Pharmaceuticals in a research report on Friday, November 2nd. Finally, Zacks Investment Research lowered Lexicon Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $21.85.
The stock has a market capitalization of $815.63 million, a PE ratio of -4.69 and a beta of 1.00.
Institutional investors have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd acquired a new stake in Lexicon Pharmaceuticals during the 2nd quarter worth $205,000. MetLife Investment Advisors LLC raised its stake in shares of Lexicon Pharmaceuticals by 49.8% in the 3rd quarter. MetLife Investment Advisors LLC now owns 35,705 shares of the biopharmaceutical company’s stock valued at $381,000 after purchasing an additional 11,862 shares during the period. Tekla Capital Management LLC acquired a new stake in shares of Lexicon Pharmaceuticals in the 3rd quarter valued at about $747,000. GSA Capital Partners LLP raised its stake in shares of Lexicon Pharmaceuticals by 321.7% in the 3rd quarter. GSA Capital Partners LLP now owns 74,586 shares of the biopharmaceutical company’s stock valued at $796,000 after purchasing an additional 56,900 shares during the period. Finally, Bank of Montreal Can raised its stake in shares of Lexicon Pharmaceuticals by 8,364.1% in the 3rd quarter. Bank of Montreal Can now owns 122,053 shares of the biopharmaceutical company’s stock valued at $1,302,000 after purchasing an additional 120,611 shares during the period.
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About Lexicon Pharmaceuticals (NASDAQ:LXRX)
Lexicon Pharmaceuticals, Inc, a biopharmaceutical company, focuses on the development and commercialization of pharmaceutical products for the treatment of human diseases. The company offers XERMELO, an orally-delivered small molecule drug candidate for the treatment of carcinoid syndrome diarrhea in combination with somatostatin analog therapy in adults.
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