Lipocine (LPCN) Stock Rating Reaffirmed by HC Wainwright

Lipocine (NASDAQ:LPCN)‘s stock had its “buy” rating reaffirmed by research analysts at HC Wainwright in a research note issued to investors on Friday. They presently have a $10.00 price objective on the specialty pharmaceutical company’s stock. HC Wainwright’s price objective indicates a potential upside of 180.11% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Roth Capital set a $38.00 price target on Lipocine and gave the company a “buy” rating in a report on Thursday, August 10th. ValuEngine downgraded Lipocine from a “hold” rating to a “sell” rating in a report on Thursday, August 10th.

Shares of Lipocine (LPCN) opened at $3.57 on Friday. Lipocine has a twelve month low of $3.25 and a twelve month high of $5.33.

A number of institutional investors have recently made changes to their positions in the business. LMR Partners LLP acquired a new stake in shares of Lipocine during the second quarter worth $173,000. Goldman Sachs Group Inc. acquired a new stake in shares of Lipocine during the second quarter worth $300,000. Federated Investors Inc. PA lifted its holdings in shares of Lipocine by 9.2% during the second quarter. Federated Investors Inc. PA now owns 88,083 shares of the specialty pharmaceutical company’s stock worth $354,000 after buying an additional 7,429 shares in the last quarter. P.A.W. Capital Corp acquired a new stake in shares of Lipocine during the third quarter worth $397,000. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Lipocine by 18.2% during the second quarter. Ameriprise Financial Inc. now owns 155,600 shares of the specialty pharmaceutical company’s stock worth $626,000 after buying an additional 24,000 shares in the last quarter. 22.06% of the stock is owned by institutional investors and hedge funds.

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About Lipocine

Lipocine Inc is a specialty pharmaceutical company. The Company is focused on applying its oral drug delivery technology for the development of pharmaceutical products in the area of men’s and women’s health. Its primary development programs are based on oral delivery solutions for bioavailable drugs.

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