Ladenburg Thalmann Financial Services Reaffirms Buy Rating for Lipocine (LPCN)

Lipocine (NASDAQ:LPCN)‘s stock had its “buy” rating reaffirmed by investment analysts at Ladenburg Thalmann Financial Services in a report released on Thursday, The Fly reports. They currently have a $11.00 price objective on the specialty pharmaceutical company’s stock. Ladenburg Thalmann Financial Services’ price target points to a potential upside of 217.92% from the stock’s current price.

Several other equities research analysts have also recently commented on LPCN. HC Wainwright reaffirmed a “buy” rating and issued a $10.00 price target on shares of Lipocine in a report on Friday, December 8th. Canaccord Genuity reaffirmed a “buy” rating and issued a $11.00 price target on shares of Lipocine in a report on Tuesday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $17.50.

Shares of Lipocine (NASDAQ:LPCN) opened at $3.46 on Thursday. Lipocine has a fifty-two week low of $2.90 and a fifty-two week high of $5.33. The company has a market capitalization of $73.34, a P/E ratio of -3.60 and a beta of 0.11.

Hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. acquired a new stake in Lipocine during the second quarter worth $300,000. Federated Investors Inc. PA increased its stake in Lipocine by 9.2% during the second quarter. Federated Investors Inc. PA now owns 88,083 shares of the specialty pharmaceutical company’s stock worth $354,000 after acquiring an additional 7,429 shares during the last quarter. P.A.W. Capital Corp acquired a new stake in Lipocine during the third quarter worth $397,000. Ameriprise Financial Inc. increased its stake in Lipocine by 18.2% during the second quarter. Ameriprise Financial Inc. now owns 155,600 shares of the specialty pharmaceutical company’s stock worth $626,000 after acquiring an additional 24,000 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Lipocine by 39.7% during the second quarter. Vanguard Group Inc. now owns 546,027 shares of the specialty pharmaceutical company’s stock worth $2,195,000 after acquiring an additional 155,110 shares during the last quarter. 22.06% of the stock is owned by institutional investors.

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About Lipocine

Lipocine Inc is a specialty pharmaceutical company. The Company is focused on applying its oral drug delivery technology for the development of pharmaceutical products in the area of men’s and women’s health. Its primary development programs are based on oral delivery solutions for bioavailable drugs.

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