Aquinox Pharmaceuticals (AQXP) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Aquinox Pharmaceuticals (NASDAQ:AQXP) from a hold rating to a buy rating in a research note released on Tuesday. They currently have $13.00 price target on the stock.

According to Zacks, “Aquinox Pharmaceuticals, Inc. is a clinical-stage pharmaceutical company. The Company discovers and develops oral drug candidates to treat inflammation and cancer. Aquinox Pharmaceuticals, Inc. is headquartered in Vancouver, Canada. “

Other analysts have also recently issued research reports about the company. Canaccord Genuity set a $22.00 price target on Aquinox Pharmaceuticals and gave the stock a buy rating in a research report on Tuesday, December 19th. Cantor Fitzgerald reaffirmed a buy rating and set a $28.00 price target on shares of Aquinox Pharmaceuticals in a research report on Thursday, November 9th. Needham & Company LLC reaffirmed a buy rating and set a $25.00 price target on shares of Aquinox Pharmaceuticals in a research report on Thursday, November 9th. Finally, ValuEngine cut Aquinox Pharmaceuticals from a hold rating to a sell rating in a research report on Friday, September 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $22.00.

Shares of Aquinox Pharmaceuticals (NASDAQ:AQXP) opened at $11.51 on Tuesday. Aquinox Pharmaceuticals has a 52-week low of $10.02 and a 52-week high of $19.97.

Several hedge funds have recently modified their holdings of AQXP. Nexthera Capital LP acquired a new position in shares of Aquinox Pharmaceuticals in the 2nd quarter valued at about $1,276,000. University of Notre Dame DU Lac lifted its holdings in shares of Aquinox Pharmaceuticals by 11.1% in the 3rd quarter. University of Notre Dame DU Lac now owns 190,283 shares of the company’s stock valued at $2,700,000 after buying an additional 19,066 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Aquinox Pharmaceuticals by 6.6% in the 2nd quarter. Vanguard Group Inc. now owns 282,483 shares of the company’s stock valued at $3,974,000 after buying an additional 17,455 shares during the period. Citadel Advisors LLC acquired a new position in shares of Aquinox Pharmaceuticals in the 3rd quarter valued at about $194,000. Finally, Sphera Funds Management LTD. lifted its holdings in shares of Aquinox Pharmaceuticals by 21.7% in the 3rd quarter. Sphera Funds Management LTD. now owns 75,535 shares of the company’s stock valued at $1,072,000 after buying an additional 13,450 shares during the period. 96.25% of the stock is owned by institutional investors and hedge funds.

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About Aquinox Pharmaceuticals

Aquinox Pharmaceuticals, Inc is a clinical-stage pharmaceutical company discovering and developing targeted therapeutics in disease areas of inflammation and immuno-oncology. The Company’s primary focus is anti-inflammatory product candidates targeting the Src Homology 2 (SH2)-containing inositol-5-phosphatase 1 (SHIP1) enzyme, which is a regulator of a cellular signaling pathway in immune cells, known as the phosphatidylinositol-4,5-bisphosphate 3-kinase (PI3K) pathway.

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