Foamix Pharmaceuticals (FOMX) Given “Buy” Rating at Guggenheim
Guggenheim reiterated their buy rating on shares of Foamix Pharmaceuticals (NASDAQ:FOMX) in a research note published on Thursday. They currently have a $8.00 price target on the specialty pharmaceutical company’s stock.
FOMX has been the topic of several other research reports. HC Wainwright began coverage on shares of Foamix Pharmaceuticals in a report on Thursday, August 24th. They issued a buy rating and a $12.00 target price on the stock. Zacks Investment Research raised shares of Foamix Pharmaceuticals from a sell rating to a hold rating in a report on Wednesday, November 29th.
Foamix Pharmaceuticals (NASDAQ:FOMX) traded down $0.02 during midday trading on Thursday, reaching $5.94. 58,700 shares of the company’s stock were exchanged, compared to its average volume of 156,830. Foamix Pharmaceuticals has a one year low of $4.03 and a one year high of $11.27.
Several large investors have recently modified their holdings of FOMX. Renaissance Technologies LLC purchased a new stake in shares of Foamix Pharmaceuticals in the first quarter valued at about $307,000. Bank of New York Mellon Corp boosted its holdings in Foamix Pharmaceuticals by 38.6% during the second quarter. Bank of New York Mellon Corp now owns 544,853 shares of the specialty pharmaceutical company’s stock worth $2,528,000 after buying an additional 151,849 shares in the last quarter. Marshall Wace North America L.P. boosted its holdings in Foamix Pharmaceuticals by 42.7% during the second quarter. Marshall Wace North America L.P. now owns 632,819 shares of the specialty pharmaceutical company’s stock worth $3,164,000 after buying an additional 189,350 shares in the last quarter. AXA boosted its holdings in Foamix Pharmaceuticals by 14.1% during the second quarter. AXA now owns 942,735 shares of the specialty pharmaceutical company’s stock worth $4,374,000 after buying an additional 116,298 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its holdings in Foamix Pharmaceuticals by 1.6% during the second quarter. UBS Asset Management Americas Inc. now owns 106,312 shares of the specialty pharmaceutical company’s stock worth $493,000 after buying an additional 1,633 shares in the last quarter. 57.43% of the stock is currently owned by institutional investors and hedge funds.
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Foamix Pharmaceuticals Company Profile
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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