Foamix Pharma Receives a Buy from H.C. Wainwright


H.C. Wainwright analyst Ram Selvaraju reiterated a Buy rating on Foamix Pharma (NASDAQ: FOMX) today and set a price target of $12. The company’s shares closed yesterday at $5.33.

According to TipRanks.com, Selvaraju ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -6.6% and a 37.6% success rate. Selvaraju covers the Healthcare sector, focusing on stocks such as IntelliPharmaCeutics International, Biospecifics Technologies Corp, and EyePoint Pharmaceuticals Inc.

Currently, the analyst consensus on Foamix Pharma is Moderate Buy and the average price target is $10, representing an 87.6% upside.

In a report issued on May 9, Guggenheim also maintained a Buy rating on the stock with a $8 price target.

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The company has a one-year high of $7.45 and a one-year low of $4.15. Currently, Foamix Pharma has an average volume of 129.2K.

Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock.

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Foamix Pharmaceuticals Ltd. is a pharmaceutical company, which focuses on the development and commercialization of proprietary, innovative and differentiated topical drugs for dermatological therapy. Its product portfolios include minocycline foam, minocycline gel, mometasone foam, calcipotriene foam, triamcinolone acetonide foam, betamethasone valerate foam, and betamethasone dipropionate. The company was founded by Dov Tamarkin and Meir Eini on January 19, 2003 and is headquartered in Rehovot, Israel.

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