Aldeyra Therapeutics (NASDAQ:ALDX) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Aldeyra Therapeutics (NASDAQ:ALDXFree Report) from a sell rating to a hold rating in a research report report published on Saturday morning.

Other research analysts also recently issued research reports about the stock. BTIG Research restated a “buy” rating on shares of Aldeyra Therapeutics in a report on Tuesday, March 17th. HC Wainwright restated a “neutral” rating and set a $2.00 price objective (down from $10.00) on shares of Aldeyra Therapeutics in a report on Wednesday, March 18th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $5.50.

Get Our Latest Report on ALDX

Aldeyra Therapeutics Price Performance

Aldeyra Therapeutics stock opened at $1.80 on Friday. The firm has a market cap of $108.33 million, a price-to-earnings ratio of -3.16 and a beta of 1.34. Aldeyra Therapeutics has a fifty-two week low of $1.07 and a fifty-two week high of $6.18. The firm has a fifty day moving average price of $3.48 and a two-hundred day moving average price of $4.51.

Aldeyra Therapeutics (NASDAQ:ALDXGet Free Report) last released its earnings results on Friday, February 27th. The biotechnology company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.03. As a group, sell-side analysts expect that Aldeyra Therapeutics will post -0.92 earnings per share for the current year.

Insider Activity

In related news, Director Richard Douglas acquired 70,000 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were bought at an average price of $1.40 per share, for a total transaction of $98,000.00. Following the acquisition, the director owned 195,000 shares in the company, valued at $273,000. This trade represents a 56.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 9.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ALDX. Krilogy Financial LLC bought a new stake in Aldeyra Therapeutics in the first quarter valued at about $26,000. Invesco Ltd. increased its stake in Aldeyra Therapeutics by 22.0% in the fourth quarter. Invesco Ltd. now owns 163,087 shares of the biotechnology company’s stock valued at $845,000 after acquiring an additional 29,382 shares during the period. XTX Topco Ltd increased its stake in Aldeyra Therapeutics by 22.5% in the fourth quarter. XTX Topco Ltd now owns 42,227 shares of the biotechnology company’s stock valued at $219,000 after acquiring an additional 7,761 shares during the period. Caption Management LLC bought a new stake in Aldeyra Therapeutics in the fourth quarter valued at about $181,000. Finally, 683 Capital Management LLC increased its stake in Aldeyra Therapeutics by 86.6% in the fourth quarter. 683 Capital Management LLC now owns 1,530,000 shares of the biotechnology company’s stock valued at $7,925,000 after acquiring an additional 710,000 shares during the period. Institutional investors own 59.71% of the company’s stock.

Trending Headlines about Aldeyra Therapeutics

Here are the key news stories impacting Aldeyra Therapeutics this week:

About Aldeyra Therapeutics

(Get Free Report)

Aldeyra Therapeutics, Inc is a clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of novel small molecule therapies for immune-mediated diseases. The company’s research efforts center on targeted alkenals, a class of reactive aldehyde species that play a key role in inflammatory pathways. By selectively modulating these pathways, Aldeyra aims to address both ocular and systemic indications with high unmet medical need.

The company’s lead product candidate, reproxalap, is being investigated in several ophthalmic disorders, including dry eye disease, allergic conjunctivitis and non-infectious anterior uveitis.

Featured Stories

Receive News & Ratings for Aldeyra Therapeutics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aldeyra Therapeutics and related companies with MarketBeat.com's FREE daily email newsletter.