Capnia (SLNO) Given a $4.00 Price Target at Maxim Group

Capnia (NASDAQ:SLNO) has been assigned a $4.00 price objective by stock analysts at Maxim Group in a research note issued on Monday. The brokerage presently has a “buy” rating on the stock. Maxim Group’s target price would suggest a potential upside of 138.10% from the company’s current price.

Separately, ValuEngine raised shares of Capnia from a “strong sell” rating to a “sell” rating in a research report on Friday, February 2nd.

Shares of SLNO traded down $0.13 during mid-day trading on Monday, hitting $1.68. The company had a trading volume of 32,188 shares, compared to its average volume of 60,496. Capnia has a 1-year low of $1.32 and a 1-year high of $3.75.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Birchview Capital LP acquired a new position in shares of Capnia during the fourth quarter worth $1,032,000. 683 Capital Management LLC lifted its position in shares of Capnia by 462.7% during the fourth quarter. 683 Capital Management LLC now owns 844,112 shares of the company’s stock worth $1,519,000 after purchasing an additional 694,112 shares in the last quarter. Finally, Sabby Management LLC acquired a new position in shares of Capnia during the fourth quarter worth $1,647,000. 46.56% of the stock is currently owned by institutional investors and hedge funds.

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Capnia Company Profile

Soleno Therapeutics, Inc focuses on the development and commercialization of novel therapeutics for the treatment of rare diseases. The company's lead candidate, diazoxide choline controlled-release (DCCR), a once-daily oral tablet for the treatment of Prader-Willi Syndrome (PWS), is entering into Phase II/III clinical development.

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