HC Wainwright Analysts Give AzurRx BioPharma (AZRX) a $8.00 Price Target

AzurRx BioPharma (NASDAQ:AZRX) received a $8.00 price target from equities researchers at HC Wainwright in a report released on Friday, November 17th. The brokerage presently has a “buy” rating on the stock. HC Wainwright’s price objective points to a potential upside of 160.59% from the company’s current price.

AzurRx BioPharma (AZRX) traded down $0.27 during mid-day trading on Friday, reaching $3.07. 38,283 shares of the company traded hands, compared to its average volume of 32,886. AzurRx BioPharma has a 52 week low of $2.40 and a 52 week high of $5.25.

A number of hedge funds have recently added to or reduced their stakes in AZRX. Susquehanna International Group LLP acquired a new stake in shares of AzurRx BioPharma during the 3rd quarter worth about $131,000. Parsons Capital Management Inc. RI lifted its stake in AzurRx BioPharma by 37.2% in the third quarter. Parsons Capital Management Inc. RI now owns 254,263 shares of the company’s stock valued at $1,015,000 after buying an additional 68,920 shares during the period. Ardsley Advisory Partners bought a new position in AzurRx BioPharma in the second quarter valued at approximately $141,000. Finally, IHT Wealth Management LLC boosted its stake in shares of AzurRx BioPharma by 15.3% during the 2nd quarter. IHT Wealth Management LLC now owns 3,498 shares of the company’s stock worth $486,000 after acquiring an additional 464 shares during the period. Hedge funds and other institutional investors own 8.18% of the company’s stock.

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About AzurRx BioPharma

AzurRx BioPharma, Inc is a clinical development-stage biopharmaceutical company. The Company is engaged in the research and development of non-systemic biologics for the treatment of patients with gastrointestinal (GI) disorders. The Company’s product pipeline consists of two therapeutic proteins, such as MS1819 and AZX1101.

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