Flexion Therapeutics (FLXN) Receives a Buy from Northland Securities

In a report released today, Carl Byrnes from Northland Securities maintained a Buy rating on Flexion Therapeutics (FLXN), with a price target of $35.00. The company’s shares closed last Thursday at $10.88.

According to TipRanks.com, Byrnes is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -18.3% and a 25.4% success rate. Byrnes covers the Healthcare sector, focusing on stocks such as Opiant Pharmaceuticals, Aridis Pharmaceuticals, and Heron Therapeutics.

Currently, the analyst consensus on Flexion Therapeutics is a Strong Buy with an average price target of $26.25, representing a 151.2% upside. In a report issued on April 27, Raymond James also maintained a Buy rating on the stock with a $20.00 price target.

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Based on Flexion Therapeutics’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $23.65 million and GAAP net loss of $33.52 million. In comparison, last year the company earned revenue of $9.54 million and had a GAAP net loss of $40.58 million.

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Flexion Therapeutics, Inc. operates as a biopharmaceutical company, which engages in the development and commercialization of novel and local therapies. It specializes in the treatment of patients with musculoskeletal conditions including osteoarthritis. It offers products under the Zilretta brand. The company was founded by Michael D. Clayman and Neil Bodick in 2007 and is headquartered in Burlington, MA.

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