Flexion Therapeutics (FLXN) Given Coverage Optimism Score of -0.12
Headlines about Flexion Therapeutics (NASDAQ:FLXN) have trended somewhat negative on Friday, AlphaOne Sentiment Analysis reports. AlphaOne, a service of Accern, identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Flexion Therapeutics earned a media sentiment score of -0.12 on AlphaOne’s scale. AlphaOne also assigned media stories about the specialty pharmaceutical company an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Alpha One’s rankings:
- As Flexion Therapeutics INC Com (FLXN) Market Value Declined, Shareholder Gilder Gagnon Howe & Co LLC Has … – KL Daily (kldaily.com)
- Flexion Therapeutics, Inc. (FLXN) Given a $40.00 Price Target by Cantor Fitzgerald Analysts (americanbankingnews.com)
- Flexion Therapeutics, Inc. (NasdaqGM:FLXN) Stock Analysis & Valuation Update – Ozark Times (ozarktimes.com)
- Flexion Therapeutics Inc (FLXN) Presented The Full Data Set From Their Phase 2 Study – Smаrt Stоck Nеws (smartstocknews.com)
- Flexion Therapeutics, Inc. (NASDAQ:FLXN) Shares Move -2.35% – Concord Register (concordregister.com)
Shares of Flexion Therapeutics (NASDAQ:FLXN) traded up 0.18% during trading on Friday, reaching $17.00. The company had a trading volume of 127,417 shares. The firm has a 50-day moving average of $18.38 and a 200-day moving average of $20.36. The company’s market cap is $539.87 million. Flexion Therapeutics has a 12-month low of $13.20 and a 12-month high of $29.41.
Flexion Therapeutics (NASDAQ:FLXN) last announced its earnings results on Thursday, May 4th. The specialty pharmaceutical company reported ($0.75) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.73) by $0.02. On average, equities research analysts anticipate that Flexion Therapeutics will post ($3.72) EPS for the current year.
Several research firms recently commented on FLXN. Wells Fargo & Company reiterated an “outperform” rating and issued a $30.00 target price on shares of Flexion Therapeutics in a research note on Saturday, March 25th. Royal Bank of Canada set a $44.00 price target on Flexion Therapeutics and gave the company a “buy” rating in a research report on Sunday, March 26th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $34.00 target price (down previously from $37.00) on shares of Flexion Therapeutics in a research report on Tuesday, March 14th. Janney Montgomery Scott reaffirmed a “buy” rating and issued a $30.00 target price on shares of Flexion Therapeutics in a research report on Saturday, March 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $34.00 target price on shares of Flexion Therapeutics in a research report on Monday, May 15th. One research analyst has rated the stock with a sell rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $30.60.
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In related news, insider Neil Bodick sold 5,000 shares of the stock in a transaction that occurred on Monday, April 17th. The shares were sold at an average price of $28.23, for a total transaction of $141,150.00. Following the sale, the insider now owns 46,137 shares in the company, valued at approximately $1,302,447.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Frederick W. Driscoll sold 3,000 shares of the stock in a transaction that occurred on Thursday, March 23rd. The shares were sold at an average price of $23.00, for a total transaction of $69,000.00. Following the completion of the transaction, the chief financial officer now directly owns 10,777 shares of the company’s stock, valued at approximately $247,871. The disclosure for this sale can be found here. Company insiders own 18.00% of the company’s stock.
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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