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Alpha Cognition (NASDAQ:ACOG) Lowered to "Sell" Rating by Wall Street Zen
Wall Street Zen downgraded Alpha Cognition (NASDAQ:ACOG) from a “hold” to a “sell” rating, despite HC Wainwright maintaining a “buy” rating with an $18 price target. The company reported an earnings miss, with Q4 EPS of ($0.30) against an expected ($0.27) and revenue of $2.6M versus an anticipated $4.41M, along with negative ROE and net margin. However, several hedge funds, including Opaleye Management and AWM Investment Company, significantly increased their positions in the company during the fourth quarter.