Seaport Global Securities Reaffirms “Buy” Rating for Rexahn Pharmaceuticals, Inc. (NYSEMKT:RNN)

Seaport Global Securities restated their buy rating on shares of Rexahn Pharmaceuticals, Inc. (NYSEMKT:RNN) in a research note published on Friday, October 6th, MarketBeat Ratings reports. The firm currently has a $13.00 target price on the stock.

A number of other brokerages have also commented on RNN. HC Wainwright set a $20.00 target price on Rexahn Pharmaceuticals and gave the company a buy rating in a research report on Monday, September 11th. Zacks Investment Research downgraded Rexahn Pharmaceuticals from a hold rating to a sell rating in a report on Tuesday, July 18th. Rodman & Renshaw reissued a buy rating and issued a $19.50 price target on shares of Rexahn Pharmaceuticals in a report on Friday, June 9th. Finally, Ifs Securities reaffirmed an outperform rating on shares of Rexahn Pharmaceuticals in a research note on Monday, August 7th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $13.85.

Rexahn Pharmaceuticals (NYSEMKT:RNN) opened at 2.17 on Friday. The company’s market cap is $61.76 million. Rexahn Pharmaceuticals has a 52 week low of $0.13 and a 52 week high of $4.74. The stock has a 50 day moving average of $2.49 and a 200 day moving average of $2.32.

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A number of hedge funds and other institutional investors have recently bought and sold shares of RNN. Sabby Management LLC acquired a new position in Rexahn Pharmaceuticals in the 2nd quarter valued at $706,000. Susquehanna International Group LLP purchased a new stake in Rexahn Pharmaceuticals in the 2nd quarter valued at $2,905,000. Finally, Renaissance Technologies LLC grew its holdings in Rexahn Pharmaceuticals by 17.6% in the 1st quarter. Renaissance Technologies LLC now owns 5,758,391 shares of the company’s stock valued at $2,937,000 after buying an additional 862,000 shares in the last quarter.

Rexahn Pharmaceuticals Company Profile

Rexahn Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company engaged in the discovery, development and commercialization of treatments for cancer. The Company’s clinical-stage drug candidates in active development include Archexin, RX-3117 and Supinoxin (RX-5902). Archexin is a potent inhibitor of the protein kinase Akt-1, which focuses on cancer cell proliferation, survival, angiogenesis, metastasis and drug resistance.

Analyst Recommendations for Rexahn Pharmaceuticals (NYSEMKT:RNN)

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