Aevi Genomic Medicine’s (NASDAQ:GNMX) Hold Rating Reaffirmed at Jefferies Group LLC

Jefferies Group LLC reaffirmed their hold rating on shares of Aevi Genomic Medicine, Inc. (NASDAQ:GNMX) in a research note issued to investors on Monday morning. Jefferies Group LLC currently has a $1.50 price objective on the biotechnology company’s stock.

GNMX has been the topic of several other reports. ValuEngine cut Aevi Genomic Medicine from a sell rating to a strong sell rating in a report on Friday, June 2nd. UBS AG reissued a positive rating on shares of Aevi Genomic Medicine in a report on Wednesday, May 10th.

Aevi Genomic Medicine (NASDAQ GNMX) remained flat at $1.18 during mid-day trading on Monday. The company’s stock had a trading volume of 12,747 shares. The firm’s market cap is $43.79 million. Aevi Genomic Medicine has a 52-week low of $0.98 and a 52-week high of $6.89. The company has a 50-day moving average price of $1.30 and a 200-day moving average price of $2.56.

Aevi Genomic Medicine (NASDAQ:GNMX) last released its quarterly earnings results on Wednesday, May 10th. The biotechnology company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.27) by $0.02. Analysts anticipate that Aevi Genomic Medicine will post ($1.08) earnings per share for the current year.

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Several institutional investors have recently added to or reduced their stakes in GNMX. Teachers Advisors LLC purchased a new position in Aevi Genomic Medicine during the fourth quarter valued at $204,000. LMR Partners LLP purchased a new position in Aevi Genomic Medicine during the second quarter valued at $149,000. TIAA CREF Investment Management LLC boosted its position in Aevi Genomic Medicine by 16.7% in the first quarter. TIAA CREF Investment Management LLC now owns 97,719 shares of the biotechnology company’s stock valued at $182,000 after buying an additional 13,966 shares during the last quarter. Birchview Capital LP boosted its position in Aevi Genomic Medicine by 41.7% in the first quarter. Birchview Capital LP now owns 68,000 shares of the biotechnology company’s stock valued at $126,000 after buying an additional 20,000 shares during the last quarter. Finally, State Street Corp boosted its position in Aevi Genomic Medicine by 15.4% in the fourth quarter. State Street Corp now owns 345,698 shares of the biotechnology company’s stock valued at $1,789,000 after buying an additional 46,149 shares during the last quarter. 27.97% of the stock is currently owned by hedge funds and other institutional investors.

About Aevi Genomic Medicine

Aevi Genomic Medicine, Inc, a clinical stage biopharmaceutical company, researches and develops novel therapies for pediatric onset and life-altering diseases in the United States. Its lead product candidates include AEVI-001, a glutamatergic neuromodulator, which is in Phase II/III SAGA trial for a genetically-defined subset of adolescent attention deficit hyperactivity disorder patients with specific mutations in their metabotropic glutamate receptor gene network; and AEVI-002, an anti-light monoclonal antibody that is in Phase I clinical trial for use in severe pediatric onset crohn’s disease.

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