Heat Biologics Inc. (NASDAQ:HTBX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “Heat Biologics, Inc. is a clinical-stage biopharmaceutical company. It focuses on the development and commercialization of various cellular therapeutic vaccines for a range of cancers and infectious diseases. The Company’s products under development include HS-110 for the treatment of non-small cell lung cancer, HS-410 for the bladder cancer treatment, HS-310 to treat ovarian cancer and HS-510 for treating triple negative breast cancer. Heat Biologics, Inc. is based in Chapel Hill, North Carolina. “

A number of other research firms also recently weighed in on HTBX. Roth Capital reaffirmed a “buy” rating and set a $2.75 price target on shares of Heat Biologics in a research report on Thursday, September 15th. Noble Financial reiterated a “buy” rating and set a $8.00 price objective on shares of Heat Biologics in a research note on Wednesday, August 17th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $6.38.

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Shares of Heat Biologics (NASDAQ:HTBX) traded down 0.85% during midday trading on Tuesday, hitting $1.17. 283,586 shares of the stock traded hands. The company’s market capitalization is $22.80 million. The firm’s 50 day moving average price is $1.34 and its 200 day moving average price is $0.95. Heat Biologics has a 12-month low of $0.40 and a 12-month high of $4.98.

Heat Biologics (NASDAQ:HTBX) last released its quarterly earnings results on Monday, August 15th. The biopharmaceutical company reported ($0.17) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.10. Analysts expect that Heat Biologics will post ($0.76) EPS for the current year.

A hedge fund recently raised its stake in Heat Biologics stock. Sabby Management LLC raised its position in shares of Heat Biologics Inc. (NASDAQ:HTBX) by 4,005.4% during the first quarter, according to its most recent filing with the SEC. The fund owned 902,007 shares of the biopharmaceutical company’s stock after buying an additional 880,036 shares during the period. Sabby Management LLC owned approximately 10.71% of Heat Biologics worth $626,000 at the end of the most recent quarter. 8.62% of the stock is owned by hedge funds and other institutional investors.

About Heat Biologics

Heat Biologics, Inc is a development-stage company focused on developing allogeneic, off-the-shelf cellular therapeutic vaccines to combat a range of cancers. The Company is an immuno-oncology company, which focuses on T cell-stimulating platform technologies, such as Immune Pan-Antigen Cytotoxic Therapy (ImPACT) and Combination Pan-Antigen Cytotoxic Therapy (ComPACT).

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