Ardelyx, Inc. (ARDX) Rating Reiterated by Cantor Fitzgerald

NY now owns 22,824 shares of the biopharmaceutical company's stock worth $324,000 after buying an additional 2,382 shares in the last quarter.

Several large investors have recently modified their holdings of the company. ValuEngine lowered shares of Ardelyx from a "sell" rating to a "strong sell" rating in a research note on Friday, June 2nd. Finally, Bank of America Corp DE raised its stake in Ardelyx by 52.6% in the first quarter. The company has a 50-day moving average price of $7.47 and a 200-day moving average price of $11.88. Finally, Citigroup Inc. reiterated a "buy" rating and set a $12.00 target price (down from $17.00) on shares of Ardelyx in a report on Monday, May 15th. Zacks Investment Research upgraded shares of Ardelyx from a "hold" rating to a "buy" rating and set a $6.75 price target on the stock in a research note on Tuesday, May 23rd. Ardelyx Inc (NASDAQ:ARDX) has declined 19.22% since June 16, 2016 and is downtrending.

WARNING: This piece of content was first posted by Transcript Daily and is owned by of Transcript Daily. American International Group Inc. now owns 18,926 shares of the biopharmaceutical company's stock valued at $239,000 after buying an additional 5,765 shares during the period. Renaissance Technologies LLC raised its stake in shares of Ardelyx by 41.1% in the fourth quarter. Acuta Capital Partners LLC raised its stake in Ardelyx by 3.1% in the fourth quarter. The fund owned 47,230 shares of the biopharmaceutical company's stock after buying an additional 14,690 shares during the period. Ardelyx has a 1-year low of $4.05 and a 1-year high of $16.30. BTIG Research initiated the shares of ARDX in report on Friday, December 18 with "Buy" rating. Its up 5.44% from 991,400 shares, reported previously. Cantor Fitzgerald maintained the shares of ARDX in report on Wednesday, May 31 with "Buy" rating. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of USA & worldwide copyright & trademark legislation. Perceptive Advisors LLC purchased a new stake in shares of Ardelyx during the fourth quarter valued at $26,073,000. On average, equities research analysts anticipate that Ardelyx will post ($2.46) earnings per share for the current year. Alliancebernstein L.P. now owns 13,700 shares of the biopharmaceutical company's stock worth $173,000 after buying an additional 1,000 shares during the period. 667,078 shares of the stock were exchanged. The company has market cap of $198.62 million.

A number of other brokerages have also recently commented on ARDX.

Ardelyx (NASDAQ:ARDX) last released its quarterly earnings results on Friday, May 5th. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/06/16/sphera-funds-management-ltd-buys-193187-shares-of-ardelyx-inc-ardx-updated-updated.html. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The Company's therapeutics focuses on addressing cardiorenal and gastrointestinal diseases. The stock now has an average rating of "Buy" and an average target price of $14.13. It operates through the research, development and commercialization of biopharmaceutical products segment.

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