Xenon Pharmaceuticals Inc. (NASDAQ:XENE - Free Report) - Research analysts at Cantor Fitzgerald cut their FY2025 earnings per share (EPS) estimates for shares of Xenon Pharmaceuticals in a report released on Tuesday, August 12th. Cantor Fitzgerald analyst J. Schimmer now forecasts that the biopharmaceutical company will earn ($3.85) per share for the year, down from their previous estimate of ($3.43). The consensus estimate for Xenon Pharmaceuticals' current full-year earnings is ($3.10) per share. Cantor Fitzgerald also issued estimates for Xenon Pharmaceuticals' FY2026 earnings at ($4.08) EPS.
Xenon Pharmaceuticals (NASDAQ:XENE - Get Free Report) last issued its earnings results on Monday, August 11th. The biopharmaceutical company reported ($1.07) earnings per share for the quarter, missing the consensus estimate of ($1.03) by ($0.04). During the same quarter in the prior year, the firm posted ($0.75) earnings per share.
Several other research firms have also recently weighed in on XENE. Needham & Company LLC dropped their price objective on Xenon Pharmaceuticals from $60.00 to $55.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. William Blair reiterated an "outperform" rating on shares of Xenon Pharmaceuticals in a report on Monday, May 5th. Wells Fargo & Company dropped their price objective on Xenon Pharmaceuticals from $50.00 to $47.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. Royal Bank Of Canada lowered their target price on Xenon Pharmaceuticals from $57.00 to $55.00 and set an "outperform" rating for the company in a research note on Tuesday. Finally, Wall Street Zen cut Xenon Pharmaceuticals from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. One research analyst has rated the stock with a sell rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Xenon Pharmaceuticals currently has an average rating of "Moderate Buy" and a consensus target price of $53.20.
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Xenon Pharmaceuticals Stock Performance
NASDAQ XENE opened at $37.67 on Thursday. Xenon Pharmaceuticals has a fifty-two week low of $26.74 and a fifty-two week high of $46.00. The stock has a 50 day simple moving average of $32.31 and a two-hundred day simple moving average of $34.09. The stock has a market cap of $2.90 billion, a P/E ratio of -10.61 and a beta of 1.16.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in XENE. Geode Capital Management LLC increased its position in Xenon Pharmaceuticals by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 69,529 shares of the biopharmaceutical company's stock valued at $2,726,000 after buying an additional 720 shares in the last quarter. Raymond James Financial Inc. bought a new position in Xenon Pharmaceuticals during the 4th quarter valued at approximately $797,000. Barclays PLC increased its position in Xenon Pharmaceuticals by 20.9% during the 4th quarter. Barclays PLC now owns 18,127 shares of the biopharmaceutical company's stock valued at $711,000 after buying an additional 3,134 shares in the last quarter. XTX Topco Ltd bought a new position in Xenon Pharmaceuticals during the 4th quarter valued at approximately $316,000. Finally, Walleye Capital LLC increased its position in Xenon Pharmaceuticals by 111.5% during the 4th quarter. Walleye Capital LLC now owns 221,982 shares of the biopharmaceutical company's stock valued at $8,702,000 after buying an additional 117,022 shares in the last quarter. Institutional investors own 95.45% of the company's stock.
Xenon Pharmaceuticals Company Profile
(
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Xenon Pharmaceuticals Inc, a neuroscience-focused biopharmaceutical company, engages in the development of therapeutics to treat patients with neurological disorders in Canada. Its clinical development pipeline includes XEN1101, a novel and potent Kv7 potassium channel opener, which is in Phase 3 clinical trials for the treatment of epilepsy and other neurological disorders.
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