Flexion Therapeutics, Inc. (FLXN) Earns “Outperform” Rating from BMO Capital Markets

BMO Capital Markets reaffirmed their outperform rating on shares of Flexion Therapeutics, Inc. (NASDAQ:FLXN) in a report released on Monday. BMO Capital Markets currently has a $37.00 price objective on the specialty pharmaceutical company’s stock, up from their prior price objective of $35.00.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Flexion Therapeutics from a sell rating to a hold rating in a research report on Monday, August 28th. Needham & Company LLC reiterated a buy rating and set a $36.00 target price (up previously from $34.00) on shares of Flexion Therapeutics in a research report on Thursday, August 10th. Cantor Fitzgerald set a $40.00 target price on shares of Flexion Therapeutics and gave the company a buy rating in a research report on Monday, June 12th. Janney Montgomery Scott restated a buy rating and set a $35.00 price objective (up previously from $30.00) on shares of Flexion Therapeutics in a report on Wednesday, July 12th. Finally, ValuEngine upgraded shares of Flexion Therapeutics from a sell rating to a hold rating in a report on Wednesday, June 21st. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $88.50.

Shares of Flexion Therapeutics (NASDAQ:FLXN) traded up 1.68% during midday trading on Monday, hitting $26.65. 3,436,353 shares of the company were exchanged. Flexion Therapeutics has a one year low of $15.93 and a one year high of $32.25. The firm’s market capitalization is $850.27 million. The firm’s 50 day moving average price is $25.08 and its 200 day moving average price is $22.65.

Flexion Therapeutics (NASDAQ:FLXN) last released its earnings results on Tuesday, August 8th. The specialty pharmaceutical company reported ($0.91) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.80) by ($0.11). Analysts forecast that Flexion Therapeutics will post ($3.78) EPS for the current fiscal year.

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In other Flexion Therapeutics news, insider Yamo Deniz acquired 3,000 shares of the stock in a transaction on Friday, September 1st. The shares were purchased at an average price of $24.15 per share, for a total transaction of $72,450.00. Following the completion of the acquisition, the insider now owns 5,000 shares in the company, valued at approximately $120,750. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders have acquired 5,375 shares of company stock worth $131,575. Corporate insiders own 15.98% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fiduciary Trust Co. acquired a new position in Flexion Therapeutics during the second quarter worth $101,000. IFP Advisors Inc raised its holdings in shares of Flexion Therapeutics by 24.5% in the second quarter. IFP Advisors Inc now owns 5,080 shares of the specialty pharmaceutical company’s stock valued at $103,000 after purchasing an additional 1,000 shares during the last quarter. Advisor Group Inc. raised its holdings in shares of Flexion Therapeutics by 205.9% in the second quarter. Advisor Group Inc. now owns 5,200 shares of the specialty pharmaceutical company’s stock valued at $105,000 after purchasing an additional 3,500 shares during the last quarter. Asset Management One Co. Ltd. purchased a new stake in shares of Flexion Therapeutics in the first quarter valued at about $319,000. Finally, Voya Investment Management LLC raised its holdings in shares of Flexion Therapeutics by 25.8% in the second quarter. Voya Investment Management LLC now owns 12,914 shares of the specialty pharmaceutical company’s stock valued at $261,000 after purchasing an additional 2,651 shares during the last quarter. Hedge funds and other institutional investors own 83.26% of the company’s stock.

About Flexion Therapeutics

Flexion Therapeutics, Inc is a United States-based specialty pharmaceutical company. The Company is focused on the development and commercialization of local therapies for the treatment of patients with musculoskeletal conditions, beginning with osteoarthritis (OA), a type of degenerative arthritis. The Company’s lead product candidate, Zilretta, is a late-stage, injectable, extended-release, intra-articular (IA) investigational steroid.

Analyst Recommendations for Flexion Therapeutics (NASDAQ:FLXN)

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