Lipocine (LPCN) Given a $3.00 Price Target by HC Wainwright Analysts

Lipocine (NASDAQ:LPCN) has been given a $3.00 target price by equities researchers at HC Wainwright in a research report issued to clients and investors on Friday. The brokerage currently has a “buy” rating on the specialty pharmaceutical company’s stock. HC Wainwright’s price target would suggest a potential upside of 60.43% from the stock’s previous close.

LPCN has been the topic of a number of other research reports. Ladenburg Thalmann Financial Services reissued a “buy” rating and set a $11.00 price objective on shares of Lipocine in a research note on Thursday. Canaccord Genuity downgraded Lipocine from a “buy” rating to a “hold” rating in a report on Thursday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $13.50.

Lipocine (LPCN) opened at $1.87 on Friday. The firm has a market capitalization of $39.64, a P/E ratio of -1.95 and a beta of 0.11. Lipocine has a 12-month low of $1.67 and a 12-month high of $5.33.

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Lipocine by 39.7% during the 2nd 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 period. P.A.W. Capital Corp acquired a new stake in Lipocine during the 3rd quarter worth approximately $397,000. Goldman Sachs Group Inc. acquired a new stake in Lipocine during the 2nd quarter worth approximately $300,000. Federated Investors Inc. PA lifted its position in Lipocine by 9.2% during the 2nd 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 period. Finally, Ameriprise Financial Inc. lifted its position in Lipocine by 18.2% during the 2nd 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 period. 22.06% of the stock is owned by institutional investors.

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Lipocine Company Profile

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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