Lexicon Pharmaceuticals (LXRX) Gets a Hold Rating from Needham

By Austin Angelo

Needham analyst Alan Carr maintained a Hold rating on Lexicon Pharmaceuticals (LXRXResearch Report) today. The company’s shares closed last Monday at $1.72, close to its 52-week low of $1.13.

According to TipRanks.com, Carr is a 3-star analyst with an average return of 1.8% and a 43.2% success rate. Carr covers the Healthcare sector, focusing on stocks such as Biohaven Pharmaceutical Holding Co Ltd, ACADIA Pharmaceuticals Inc, and Rhythm Pharmaceuticals Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lexicon Pharmaceuticals with a $10 average price target.

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Based on Lexicon Pharmaceuticals’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $23.02 million. In comparison, last year the company had a GAAP net loss of $34.71 million.

Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LXRX in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Lexicon Pharmaceuticals, Inc. engages in the discovery, development, and commercialization of pharmaceutical products for the treatment of human disease. It drug candidates include XERMELO, Sotagliflozin, LX2761, and LX9211. The company was founded by Brian P. Zambrowicz and Arthur T. Sands on July 7, 1995 and is headquartered in The Woodlands, TX.