Aquinox Pharmaceuticals (AQXP) Upgraded at BidaskClub

Aquinox Pharmaceuticals (NASDAQ:AQXP) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Monday, February 5th.

Several other research firms have also recently commented on AQXP. Canaccord Genuity set a $22.00 target price on Aquinox Pharmaceuticals and gave the stock a “buy” rating in a research note on Monday, December 11th. Zacks Investment Research cut Aquinox Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 target price on shares of Aquinox Pharmaceuticals in a research note on Thursday, November 9th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $28.00 target price on shares of Aquinox Pharmaceuticals in a research note on Thursday, November 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Aquinox Pharmaceuticals presently has a consensus rating of “Hold” and a consensus price target of $22.80.

Aquinox Pharmaceuticals (NASDAQ AQXP) opened at $16.00 on Monday. Aquinox Pharmaceuticals has a 1 year low of $10.02 and a 1 year high of $19.97.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AQXP. Alyeska Investment Group L.P. grew its stake in Aquinox Pharmaceuticals by 1.8% in the third quarter. Alyeska Investment Group L.P. now owns 282,569 shares of the company’s stock valued at $4,010,000 after acquiring an additional 5,046 shares during the period. Vanguard Group Inc. grew its stake in Aquinox Pharmaceuticals by 6.6% in the second quarter. Vanguard Group Inc. now owns 282,483 shares of the company’s stock valued at $3,974,000 after acquiring an additional 17,455 shares during the period. University of Notre Dame DU Lac grew its stake in Aquinox Pharmaceuticals by 32.0% in the fourth quarter. University of Notre Dame DU Lac now owns 251,091 shares of the company’s stock valued at $2,953,000 after acquiring an additional 60,808 shares during the period. Emory University grew its stake in Aquinox Pharmaceuticals by 38.3% in the fourth quarter. Emory University now owns 170,404 shares of the company’s stock valued at $2,004,000 after acquiring an additional 47,154 shares during the period. Finally, Northern Trust Corp grew its stake in Aquinox Pharmaceuticals by 3.3% in the second quarter. Northern Trust Corp now owns 83,207 shares of the company’s stock valued at $1,171,000 after acquiring an additional 2,691 shares during the period. 96.21% 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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