Roth Capital Reiterates Sell Rating for Dendreon (DNDN)
A number of other firms have also recently commented on DNDN. Analysts at Cowen and Company cut their price target on shares of Dendreon from $2.55 to $2.33 in a research note on Tuesday. Separately, analysts at Jefferies Group cut their price target on shares of Dendreon from $2.00 to $1.50 in a research note on Tuesday. They now have an “underperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Dendreon in a research note on Friday, July 18th. They now have a $2.25 price target on the stock. Eight research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $2.73.
Dendreon (NASDAQ:DNDN) traded down 33.96% during mid-day trading on Tuesday, hitting $1.40. 21,470,044 shares of the company’s stock traded hands. Dendreon has a one year low of $1.81 and a one year high of $3.52. The stock’s 50-day moving average is $2.16 and its 200-day moving average is $2.49. The company’s market cap is $217.2 million.
Dendreon (NASDAQ:DNDN) last issued its quarterly earnings data on Monday, August 11th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.15. The company had revenue of $82.16 million for the quarter, compared to the consensus estimate of $73.37 million. During the same quarter in the previous year, the company posted ($0.45) earnings per share. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, analysts predict that Dendreon will post $-0.79 earnings per share for the current fiscal year.
Dendreon Corporation (NASDAQ:DNDN) is a biotechnology company focused on the discovery, development and commercialization of therapeutics that may significantly improve cancer treatment options for patients.
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