Ilan Hadar Sells 9,420 Shares of Foamix Pharmaceuticals Ltd (NASDAQ:FOMX) Stock

Foamix Pharmaceuticals Ltd (NASDAQ:FOMX) CFO Ilan Hadar sold 9,420 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $3.50, for a total value of $32,970.00. Following the sale, the chief financial officer now directly owns 123,671 shares of the company’s stock, valued at $432,848.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Shares of FOMX stock traded down $0.04 on Wednesday, hitting $3.61. 894,300 shares of the stock were exchanged, compared to its average volume of 460,191. The firm has a market capitalization of $222.65 million, a P/E ratio of -2.11 and a beta of 1.53. Foamix Pharmaceuticals Ltd has a fifty-two week low of $1.97 and a fifty-two week high of $7.60. The business has a 50-day moving average of $2.81 and a 200 day moving average of $3.02.

Foamix Pharmaceuticals (NASDAQ:FOMX) last announced its earnings results on Wednesday, August 7th. The specialty pharmaceutical company reported ($0.35) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.28) by ($0.07). Foamix Pharmaceuticals had a negative net margin of 2,115.11% and a negative return on equity of 75.99%. As a group, equities research analysts expect that Foamix Pharmaceuticals Ltd will post -1.64 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. IPG Investment Advisors LLC bought a new position in shares of Foamix Pharmaceuticals during the 1st quarter worth approximately $231,000. Handelsbanken Fonder AB boosted its stake in shares of Foamix Pharmaceuticals by 6.3% during the 1st quarter. Handelsbanken Fonder AB now owns 680,000 shares of the specialty pharmaceutical company’s stock worth $2,550,000 after acquiring an additional 40,000 shares during the period. ARK Investment Management LLC boosted its stake in shares of Foamix Pharmaceuticals by 24.4% during the 1st quarter. ARK Investment Management LLC now owns 117,367 shares of the specialty pharmaceutical company’s stock worth $440,000 after acquiring an additional 22,989 shares during the period. Knott David M increased its holdings in shares of Foamix Pharmaceuticals by 68.0% during the 1st quarter. Knott David M now owns 346,346 shares of the specialty pharmaceutical company’s stock worth $1,299,000 after acquiring an additional 140,146 shares during the last quarter. Finally, Delek Group Ltd. acquired a new position in shares of Foamix Pharmaceuticals during the 1st quarter worth approximately $189,000. 47.19% of the stock is owned by hedge funds and other institutional investors.

Several analysts have commented on FOMX shares. Bank of America restated a “buy” rating and set a $11.00 target price on shares of Foamix Pharmaceuticals in a report on Friday, August 9th. Zacks Investment Research cut shares of Foamix Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Thursday, August 22nd. ValuEngine raised shares of Foamix Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. HC Wainwright set a $12.00 price objective on shares of Foamix Pharmaceuticals and gave the stock a “buy” rating in a report on Tuesday, May 28th. Finally, Barclays started coverage on shares of Foamix Pharmaceuticals in a research report on Tuesday, June 11th. They issued an “overweight” rating and a $10.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $13.96.

About Foamix Pharmaceuticals

Foamix Pharmaceuticals Ltd., a late clinical-stage specialty pharmaceutical company, develops and commercializes foam-based formulations for dermatological therapy in the United States, France, Denmark, and Germany. Its lead product candidates include FMX101, a novel topical foam formulation of the antibiotic minocycline that has completed third pivotal Phase III clinical trial for the treatment of moderate-to-severe acne; and FMX103, which is in Phase III clinical trial for the treatment of moderate-to-severe papulopustular rosacea.

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