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

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. “

Separately, Noble Financial restated a “buy” rating on shares of Heat Biologics in a research note on Sunday, May 14th.

Shares of Heat Biologics (NASDAQ:HTBX) opened at 0.67 on Friday. The company’s market cap is $23.86 million. Heat Biologics has a 52-week low of $0.57 and a 52-week high of $3.35. The stock’s 50 day moving average price is $0.72 and its 200-day moving average price is $0.93.

Heat Biologics (NASDAQ:HTBX) last issued its quarterly earnings results on Friday, March 31st. The biopharmaceutical company reported ($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by $0.05. The business had revenue of $0.12 million during the quarter, compared to analysts’ expectations of $0.13 million. Equities analysts expect that Heat Biologics will post ($0.63) EPS for the current year.

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Hedge funds have recently modified their holdings of the stock. KCG Holdings Inc. increased its stake in shares of Heat Biologics by 35.3% in the first quarter. KCG Holdings Inc. now owns 175,769 shares of the biopharmaceutical company’s stock valued at $156,000 after buying an additional 45,831 shares in the last quarter. Oxford Asset Management purchased a new stake in shares of Heat Biologics during the fourth quarter valued at approximately $274,000. Vanguard Group Inc. increased its stake in shares of Heat Biologics by 132.4% in the first quarter. Vanguard Group Inc. now owns 591,098 shares of the biopharmaceutical company’s stock valued at $526,000 after buying an additional 336,744 shares in the last quarter. Finally, Sabby Management LLC purchased a new stake in shares of Heat Biologics during the first quarter valued at approximately $2,176,000. Institutional investors own 1.78% of the company’s stock.

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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