Bionomics Limited (NASDAQ:BNOX) Receives Average Rating of “Buy” from Brokerages

Bionomics Limited (NASDAQ:BNOXGet Rating) has been assigned a consensus recommendation of “Buy” from the six research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $21.00.

Several research firms have weighed in on BNOX. Evercore ISI downgraded Bionomics to an “outperform” rating in a research note on Monday, May 16th. Zacks Investment Research cut Bionomics from a “buy” rating to a “hold” rating in a report on Friday, May 13th.

An institutional investor recently bought a new position in Bionomics stock. Woodline Partners LP bought a new position in Bionomics Limited (NASDAQ:BNOXGet Rating) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 161,943 shares of the company’s stock, valued at approximately $2,032,000. Woodline Partners LP owned 2.89% of Bionomics as of its most recent SEC filing. 7.86% of the stock is owned by hedge funds and other institutional investors.

BNOX stock remained flat at $$7.56 during midday trading on Friday. The company’s stock had a trading volume of 5 shares, compared to its average volume of 5,999. Bionomics has a 1-year low of $5.70 and a 1-year high of $22.00. The firm’s 50 day simple moving average is $8.30.

Bionomics Company Profile (Get Rating)

Bionomics Limited, a clinical-stage biopharmaceutical company, discovers and develops novel drug candidates for the treatment of central nervous system disorders and cancers in Australia and the United States. The company's lead drug candidate includes BNC210, a negative allosteric modulator of the a7 nicotinic acetylcholine receptor, which has completed phase 2 clinical trial for the treatment of social anxiety disorder and post-traumatic stress disorder.

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Analyst Recommendations for Bionomics (NASDAQ:BNOX)

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