Dynavax Technologies Corp. (NASDAQ:DVAX)’s share price dropped 2.8% during mid-day trading on Wednesday . The stock traded as low as $11.50 and last traded at $11.67, with a volume of 441,029 shares. The stock had previously closed at $12.00.

DVAX has been the topic of several research reports. S&P Equity Research increased their target price on Dynavax Technologies Corp. from $11.28 to $16.01 in a research note on Friday, September 2nd. William Blair reissued a “buy” rating and set a $45.00 target price on shares of Dynavax Technologies Corp. in a research note on Tuesday, September 6th. Zacks Investment Research raised Dynavax Technologies Corp. from a “sell” rating to a “hold” rating in a research note on Friday, July 8th. Cowen and Company reissued an “outperform” rating and set a $45.00 target price on shares of Dynavax Technologies Corp. in a research note on Tuesday, September 6th. Finally, RBC Capital Markets reissued a “sector perform” rating and set a $16.00 target price on shares of Dynavax Technologies Corp. in a research note on Wednesday, September 7th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $25.86.

The stock’s 50 day moving average price is $14.69 and its 200-day moving average price is $16.23. The company’s market cap is $449.26 million.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/dynavax-technologies-corp-dvax-trading-down-2-8.html

Dynavax Technologies Corp. (NASDAQ:DVAX) last issued its earnings results on Friday, August 5th. The biopharmaceutical company reported ($0.75) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.68) by $0.07. Dynavax Technologies Corp. had a negative return on equity of 64.43% and a negative net margin of 2,068.75%. The company earned $2.65 million during the quarter, compared to analysts’ expectations of $1.58 million. During the same period in the previous year, the company earned ($0.80) EPS. Dynavax Technologies Corp.’s quarterly revenue was up 70.8% on a year-over-year basis. On average, equities research analysts expect that Dynavax Technologies Corp. will post ($2.96) earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the company. Legal & General Group Plc increased its stake in shares of Dynavax Technologies Corp. by 19.2% in the first quarter. Legal & General Group Plc now owns 6,235 shares of the biopharmaceutical company’s stock valued at $117,000 after buying an additional 1,003 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in Dynavax Technologies Corp. during the second quarter valued at approximately $107,000. Alpine Partners VI LLC acquired a new position in Dynavax Technologies Corp. during the first quarter valued at approximately $192,000. Boston Advisors LLC boosted its position in Dynavax Technologies Corp. by 1.3% in the second quarter. Boston Advisors LLC now owns 12,330 shares of the biopharmaceutical company’s stock valued at $180,000 after buying an additional 155 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its position in Dynavax Technologies Corp. by 12.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 15,836 shares of the biopharmaceutical company’s stock valued at $231,000 after buying an additional 1,779 shares during the period. 83.82% of the stock is owned by institutional investors.

About Dynavax Technologies Corp.

Dynavax Technologies Corporation (Dynavax) is a clinical-stage biopharmaceutical company. The Company uses toll-like receptor (TLR) biology to discover and develop vaccines and therapeutics. Its development programs are focused on vaccines and cancer immunotherapy. The Company’s lead vaccine product candidate is HEPLISAV-B, an investigational adult hepatitis B vaccine, which combines its TLR9 agonist adjuvant and recombinant hepatitis B surface antigen (rHBsAg).

5 Day Chart for NASDAQ:DVAX

Receive News & Ratings for Dynavax Technologies Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynavax Technologies Corp. and related companies with MarketBeat.com's FREE daily email newsletter.