Foamix Pharmaceuticals Ltd. (NASDAQ:FOMX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

According to Zacks, “Foamix Pharmaceuticals Ltd. is a specialty pharmaceutical company. It develops and commercializes foam-based formulations acne, impetigo, and other skin conditions. The Company’s lead product candidates include FMX101, which has completed a dose-ranging Phase II clinical trial for the treatment of moderate-to-severe acne; and FMX102 that has completed a Phase II clinical trial for the treatment of impetigo. It has operations primarily in the United States, Germany, and Israel. Foamix Pharmaceuticals Ltd. is headquartered in Rehovot, Israel. “

Several other research analysts also recently commented on the stock. HC Wainwright initiated coverage on shares of Foamix Pharmaceuticals in a research note on Thursday, August 24th. They set a “buy” rating and a $12.00 price target on the stock. Credit Suisse Group reaffirmed a “buy” rating and issued a $9.00 price objective on shares of Foamix Pharmaceuticals in a research note on Wednesday, July 19th.

Shares of Foamix Pharmaceuticals (NASDAQ:FOMX) remained flat at $5.50 during trading on Tuesday. The company’s stock had a trading volume of 122,945 shares. The firm has a 50 day moving average of $5.14 and a 200 day moving average of $5.00. Foamix Pharmaceuticals has a one year low of $4.03 and a one year high of $11.27. The stock’s market capitalization is $205.84 million.

Foamix Pharmaceuticals (NASDAQ:FOMX) last issued its earnings results on Tuesday, August 8th. The specialty pharmaceutical company reported ($0.44) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.39) by ($0.05). Foamix Pharmaceuticals had a negative return on equity of 39.20% and a negative net margin of 823.74%. The firm had revenue of $0.80 million during the quarter, compared to analysts’ expectations of $1.50 million. During the same period in the prior year, the company earned ($0.27) EPS. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. On average, equities research analysts forecast that Foamix Pharmaceuticals will post ($1.53) EPS for the current year.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in FOMX. Baird Financial Group Inc. purchased a new position in shares of Foamix Pharmaceuticals in the first quarter worth about $188,000. AXA increased its stake in Foamix Pharmaceuticals by 19.3% in the 1st quarter. AXA now owns 826,437 shares of the specialty pharmaceutical company’s stock worth $4,091,000 after purchasing an additional 133,602 shares during the period. MARSHALL WACE ASIA Ltd purchased a new position in Foamix Pharmaceuticals in the 1st quarter worth approximately $2,217,000. Marshall Wace North America L.P. purchased a new position in Foamix Pharmaceuticals in the 1st quarter worth approximately $2,217,000. Finally, Renaissance Technologies LLC purchased a new position in Foamix Pharmaceuticals in the 1st quarter worth approximately $307,000. Hedge funds and other institutional investors own 57.60% of the company’s stock.

About Foamix Pharmaceuticals

Foamix Pharmaceuticals Ltd. is a clinical-stage pharmaceutical company. The Company is engaged in the development and commercialization of foam-based formulations, using its technology, which includes its foam platforms. It is focused on developing and commercializing its minocycline foam for the treatment of acne, rosacea and other skin conditions.

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