VBI Vaccines Inc. (VBIV) Now Covered by Laidlaw
Stock analysts at Laidlaw initiated coverage on shares of VBI Vaccines Inc. (NASDAQ:VBIV) in a note issued to investors on Monday. The firm set a “buy” rating and a $6.00 price target on the biopharmaceutical company’s stock. Laidlaw’s price objective indicates a potential upside of 88.09% from the stock’s current price.
Separately, Ladenburg Thalmann assumed coverage on VBI Vaccines in a research report on Tuesday, July 26th. They set a “buy” rating on the stock.
Shares of VBI Vaccines (NASDAQ:VBIV) opened at 3.19 on Monday. The company’s 50 day moving average price is $3.70 and its 200 day moving average price is $3.83. The firm’s market capitalization is $115.26 million. VBI Vaccines has a one year low of $3.07 and a one year high of $4.40.
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A hedge fund recently raised its stake in VBI Vaccines stock. BlackRock Fund Advisors boosted its position in shares of VBI Vaccines Inc. (NASDAQ:VBIV) by 1,701.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,789 shares of the biopharmaceutical company’s stock after buying an additional 42,303 shares during the period. BlackRock Fund Advisors owned about 0.14% of VBI Vaccines worth $177,000 as of its most recent filing with the SEC. Institutional investors own 12.26% of the company’s stock.
About VBI Vaccines
VBI Vaccines Inc, formerly SciVac Therapeutics Inc, is a biotechnology company. The Company is engaged in developing various technologies that focus on vaccine protection. It has developed an enveloped virus like particle (eVLP) vaccine platform that allows for the design of enveloped VLP vaccines. It is involved in various projects related to human cytomegalovirus (CMV) and other antigens.
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