Foamix Pharmaceuticals (FOMX) Given a $12.00 Price Target by HC Wainwright Analysts
HC Wainwright set a $12.00 price target on Foamix Pharmaceuticals (NASDAQ:FOMX) in a research note published on Friday. The brokerage currently has a buy rating on the specialty pharmaceutical company’s stock.
Other equities research analysts have also recently issued research reports about the stock. Guggenheim began coverage on shares of Foamix Pharmaceuticals in a research note on Tuesday, December 5th. They issued a buy rating and a $8.00 price objective for the company. Zacks Investment Research raised shares of Foamix Pharmaceuticals from a sell rating to a hold rating in a research note on Wednesday, November 29th.
Shares of Foamix Pharmaceuticals (FOMX) traded down $0.36 during trading on Friday, hitting $6.28. 129,430 shares of the stock were exchanged, compared to its average volume of 84,826. Foamix Pharmaceuticals has a 12 month low of $4.03 and a 12 month high of $11.27. The stock has a market cap of $248.56, a PE ratio of -3.90 and a beta of 1.62.
Institutional investors have recently made changes to their positions in the company. AXA boosted its stake in shares of Foamix Pharmaceuticals by 14.1% in the 2nd quarter. AXA now owns 942,735 shares of the specialty pharmaceutical company’s stock valued at $4,374,000 after purchasing an additional 116,298 shares in the last quarter. DAFNA Capital Management LLC raised its holdings in Foamix Pharmaceuticals by 9.2% during the 2nd quarter. DAFNA Capital Management LLC now owns 355,667 shares of the specialty pharmaceutical company’s stock valued at $1,650,000 after buying an additional 30,000 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Foamix Pharmaceuticals by 38.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 544,853 shares of the specialty pharmaceutical company’s stock valued at $2,528,000 after buying an additional 151,849 shares during the last quarter. PDT Partners LLC bought a new stake in Foamix Pharmaceuticals during the 2nd quarter valued at $304,000. Finally, UBS Asset Management Americas Inc. raised its holdings in Foamix Pharmaceuticals by 1.6% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 106,312 shares of the specialty pharmaceutical company’s stock valued at $493,000 after buying an additional 1,633 shares during the last quarter. 57.43% of the stock is owned by institutional investors.
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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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