Foamix Pharmaceuticals (NASDAQ:FOMX) announced its quarterly earnings data on Tuesday. The specialty pharmaceutical company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.04), Morningstar.com reports. The company had revenue of $0.31 million during the quarter, compared to analyst estimates of $0.95 million. Foamix Pharmaceuticals had a negative net margin of 2,062.95% and a negative return on equity of 103.92%.
NASDAQ:FOMX traded down $0.02 during trading hours on Wednesday, hitting $3.13. The company’s stock had a trading volume of 313,967 shares, compared to its average volume of 332,429. The firm has a market capitalization of $174.52 million, a PE ratio of -1.84 and a beta of 1.60. Foamix Pharmaceuticals has a 52-week low of $3.06 and a 52-week high of $7.60.
In other Foamix Pharmaceuticals news, insider Matthew T. Wiley bought 13,440 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were purchased at an average price of $3.76 per share, with a total value of $50,534.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 9,311 shares of company stock worth $34,916 in the last three months. 2.95% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Worth Venture Partners LLC purchased a new position in Foamix Pharmaceuticals in the fourth quarter valued at $48,000. Steward Partners Investment Advisory LLC increased its holdings in Foamix Pharmaceuticals by 29.4% in the first quarter. Steward Partners Investment Advisory LLC now owns 17,155 shares of the specialty pharmaceutical company’s stock valued at $64,000 after buying an additional 3,900 shares during the last quarter. Van ECK Associates Corp increased its holdings in Foamix Pharmaceuticals by 75.1% in the fourth quarter. Van ECK Associates Corp now owns 19,752 shares of the specialty pharmaceutical company’s stock valued at $71,000 after buying an additional 8,474 shares during the last quarter. Credit Suisse AG purchased a new position in Foamix Pharmaceuticals in the third quarter valued at $194,000. Finally, Federated Investors Inc. PA purchased a new position in Foamix Pharmaceuticals in the third quarter valued at $287,000. 59.61% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently issued reports on FOMX. Cantor Fitzgerald reiterated a “buy” rating and issued a $15.00 price objective on shares of Foamix Pharmaceuticals in a research note on Tuesday, April 2nd. Cowen set a $30.00 price objective on Foamix Pharmaceuticals and gave the company a “buy” rating in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $14.75.
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Foamix Pharmaceuticals Company Profile
Foamix Pharmaceuticals Ltd., a late clinical-stage specialty pharmaceutical company, develops and commercializes foam-based formulations for dermatological therapy in the United States, France, Denmark, and Germany. Its lead product candidates include FMX101, a novel topical foam formulation of the antibiotic minocycline that has completed third pivotal Phase III clinical trial for the treatment of moderate-to-severe acne; and FMX103, which is in Phase III clinical trial for the treatment of moderate-to-severe papulopustular rosacea.
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