Aptinyx (NASDAQ:APTX) Downgraded by Cowen to Market Perform

Cowen cut shares of Aptinyx (NASDAQ:APTXGet Rating) to a market perform rating in a research report sent to investors on Monday morning, Stock Target Advisor reports.

Other research analysts also recently issued research reports about the stock. Truist Financial downgraded shares of Aptinyx from a buy rating to a hold rating in a report on Monday. Cowen downgraded shares of Aptinyx from an outperform rating to a market perform rating in a report on Monday. SVB Leerink dropped their price objective on shares of Aptinyx from $4.00 to $3.00 and set an outperform rating on the stock in a report on Friday, August 5th. Piper Sandler downgraded shares of Aptinyx from an overweight rating to a neutral rating and dropped their price objective for the stock from $6.00 to $2.00 in a report on Friday, August 12th. Finally, BMO Capital Markets dropped their price objective on shares of Aptinyx from $6.00 to $2.00 and set an outperform rating on the stock in a report on Monday. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Hold and an average price target of $3.17.

Aptinyx Stock Performance

Shares of APTX opened at $0.35 on Monday. The company has a market capitalization of $23.82 million, a PE ratio of -0.31 and a beta of 1.24. Aptinyx has a one year low of $0.33 and a one year high of $3.76. The company has a debt-to-equity ratio of 0.39, a current ratio of 16.22 and a quick ratio of 16.22. The company’s fifty day moving average price is $0.53 and its 200 day moving average price is $1.44.

Aptinyx (NASDAQ:APTXGet Rating) last announced its earnings results on Thursday, August 4th. The company reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.29) by $0.03. During the same quarter in the prior year, the company posted ($0.29) earnings per share. As a group, analysts expect that Aptinyx will post -0.96 earnings per share for the current year.

Institutional Trading of Aptinyx

Institutional investors have recently made changes to their positions in the business. Commonwealth Equity Services LLC acquired a new stake in shares of Aptinyx during the 4th quarter valued at about $29,000. Blair William & Co. IL acquired a new position in Aptinyx in the fourth quarter valued at about $51,000. LGL Partners LLC acquired a new position in Aptinyx in the first quarter valued at about $44,000. Jane Street Group LLC boosted its position in Aptinyx by 84.9% in the first quarter. Jane Street Group LLC now owns 38,129 shares of the company’s stock valued at $87,000 after buying an additional 17,504 shares in the last quarter. Finally, Cetera Advisor Networks LLC acquired a new position in Aptinyx in the first quarter valued at about $92,000. 55.97% of the stock is currently owned by institutional investors and hedge funds.

About Aptinyx

(Get Rating)

Aptinyx Inc, a clinical-stage biopharmaceutical company, focuses on the discovery, development, and commercialization of novel, proprietary, and synthetic small molecules for the treatment of brain and nervous system disorders. The company is developing NYX-2925, which is in Phase II clinical development for the treatment of painful diabetic peripheral neuropathy, as well as in Phase II/b clinical trial for treating fibromyalgia.

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Analyst Recommendations for Aptinyx (NASDAQ:APTX)

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