Lipocine (NASDAQ:LPCN – Get Free Report) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Thursday.
Separately, Alliance Global Partners began coverage on Lipocine in a report on Tuesday, September 24th. They issued a “buy” rating and a $10.00 price target on the stock.
Get Our Latest Analysis on Lipocine
Lipocine Price Performance
Lipocine (NASDAQ:LPCN – Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The specialty pharmaceutical company reported ($0.56) EPS for the quarter. The company had revenue of $0.09 million during the quarter. Sell-side analysts predict that Lipocine will post -0.92 EPS for the current year.
Institutional Trading of Lipocine
A hedge fund recently raised its stake in Lipocine stock. Renaissance Technologies LLC grew its position in Lipocine Inc. (NASDAQ:LPCN – Free Report) by 21.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,697 shares of the specialty pharmaceutical company’s stock after acquiring an additional 4,600 shares during the quarter. Renaissance Technologies LLC owned 0.48% of Lipocine worth $212,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 9.11% of the stock is owned by institutional investors.
About Lipocine
Lipocine Inc, a clinical-stage biopharmaceutical company, engages in the research and development for the delivery of drugs for the treatment of central nervous system (CNS) disorders. Its lead product candidate is TLANDO, an oral testosterone replacement therapy (TRT) comprising testosterone undecanoate.
Further Reading
- Five stocks we like better than Lipocine
- Trading Stocks: RSI and Why it’s Useful
- Gilead’s Stock Surge: What’s Fueling the Momentum?
- What Are the U.K. Market Holidays? How to Invest and Trade
- Breakout Alert: Qualcomm Just Hit The Rally Button
- Dividend Capture Strategy: What You Need to Know
- Mercado Libre Shares Go on Sale: Is Now the Time to Buy?
Receive News & Ratings for Lipocine Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lipocine and related companies with MarketBeat.com's FREE daily email newsletter.