Syndax Pharmaceuticals Inc (NASDAQ:SNDX) CEO Briggs Morrison bought 20,400 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were purchased at an average cost of $7.46 per share, with a total value of $152,184.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of SNDX opened at $7.53 on Thursday. Syndax Pharmaceuticals Inc has a 52-week low of $3.39 and a 52-week high of $11.35. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.24 and a current ratio of 6.24. The firm has a market cap of $198.34 million, a price-to-earnings ratio of -2.58 and a beta of 2.61.

Syndax Pharmaceuticals (NASDAQ:SNDX) last announced its earnings results on Monday, May 6th. The company reported ($0.53) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.56) by $0.03. Syndax Pharmaceuticals had a negative net margin of 4,539.55% and a negative return on equity of 107.48%. The company had revenue of $0.38 million for the quarter, compared to analysts’ expectations of $0.38 million. As a group, analysts forecast that Syndax Pharmaceuticals Inc will post -1.98 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Oxford Asset Management LLP boosted its position in Syndax Pharmaceuticals by 49.4% during the 1st quarter. Oxford Asset Management LLP now owns 136,423 shares of the company’s stock valued at $716,000 after purchasing an additional 45,084 shares during the period. Wellington Management Group LLP boosted its position in Syndax Pharmaceuticals by 2.3% during the 1st quarter. Wellington Management Group LLP now owns 3,317,872 shares of the company’s stock worth $17,419,000 after acquiring an additional 76,090 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Syndax Pharmaceuticals by 28.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 37,217 shares of the company’s stock worth $196,000 after acquiring an additional 8,335 shares during the period. Renaissance Technologies LLC boosted its position in Syndax Pharmaceuticals by 37.3% during the 1st quarter. Renaissance Technologies LLC now owns 314,600 shares of the company’s stock worth $1,652,000 after acquiring an additional 85,500 shares during the period. Finally, State of Wisconsin Investment Board boosted its position in Syndax Pharmaceuticals by 30.6% during the 1st quarter. State of Wisconsin Investment Board now owns 18,800 shares of the company’s stock worth $99,000 after acquiring an additional 4,400 shares during the period. 56.99% of the stock is currently owned by institutional investors.

Several brokerages recently commented on SNDX. Zacks Investment Research raised shares of Syndax Pharmaceuticals from a “hold” rating to a “buy” rating and set a $8.25 price target for the company in a report on Wednesday, May 8th. BTIG Research cut their price target on shares of Syndax Pharmaceuticals to $19.00 and set a “buy” rating for the company in a report on Friday, March 8th. HC Wainwright reissued a “buy” rating and issued a $16.00 price target (down previously from $22.00) on shares of Syndax Pharmaceuticals in a report on Friday, March 8th. They noted that the move was a valuation call. ValuEngine lowered shares of Syndax Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Finally, Nomura boosted their price target on shares of Syndax Pharmaceuticals to $16.00 and gave the stock a “buy” rating in a report on Friday, March 8th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Syndax Pharmaceuticals currently has a consensus rating of “Buy” and an average target price of $14.61.

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Syndax Pharmaceuticals Company Profile

Syndax Pharmaceuticals, Inc, a clinical-stage biopharmaceutical company, develops therapies for the treatment of cancer. The company's lead product candidates include entinostat, which is in Phase III clinical trials for the treatment of advanced hormone receptor positive (HR+) and human epidermal growth factor receptor 2 negative (HER2-) breast cancer; and SNDX-5613 inhibitor that targets the binding interaction of Menin with mixed lineage leukemia-rearranged and acute myeloid leukemia with a mutated nucleophosmin 1.

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