HC Wainwright restated their buy rating on shares of Alliqua Inc. (NASDAQ:ALQA) in a report released on Friday morning.
A number of other equities analysts also recently weighed in on ALQA. Chardan Capital reaffirmed a buy rating on shares of Alliqua in a research note on Sunday, July 10th. Zacks Investment Research raised shares of Alliqua from a hold rating to a buy rating and set a $1.25 target price for the company in a research note on Thursday, August 11th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Alliqua presently has a consensus rating of Buy and an average price target of $2.50.
Alliqua (NASDAQ:ALQA) opened at 0.82 on Friday. The firm’s market cap is $24.33 million. The company has a 50-day moving average of $0.89 and a 200-day moving average of $1.00. Alliqua has a 1-year low of $0.70 and a 1-year high of $3.82.
Alliqua (NASDAQ:ALQA) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.27) by $0.32. The firm had revenue of $5.50 million for the quarter, compared to analyst estimates of $5.38 million. Alliqua had a negative net margin of 73.41% and a negative return on equity of 53.07%. Analysts predict that Alliqua will post ($0.72) earnings per share for the current year.
Several large investors have recently bought and sold shares of ALQA. Suffolk Capital Management LLC increased its stake in Alliqua by 18.0% in the second quarter. Suffolk Capital Management LLC now owns 1,206,127 shares of the company’s stock worth $1,351,000 after buying an additional 184,274 shares during the period. Renaissance Technologies LLC increased its stake in Alliqua by 589.0% in the first quarter. Renaissance Technologies LLC now owns 137,800 shares of the company’s stock worth $113,000 after buying an additional 117,800 shares during the period. US Bancorp DE increased its stake in Alliqua by 29.8% in the second quarter. US Bancorp DE now owns 181,732 shares of the company’s stock worth $204,000 after buying an additional 41,732 shares during the period. Finally, Vanguard Group Inc. increased its stake in Alliqua by 1.1% in the second quarter. Vanguard Group Inc. now owns 524,296 shares of the company’s stock worth $587,000 after buying an additional 5,780 shares during the period. 29.89% of the stock is owned by institutional investors and hedge funds.