Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

According to Zacks, “Vanda Pharmaceuticals Inc. is a biopharmaceutical company focused on the development and commercialization of clinical-stage product candidates for central nervous system disorders. It is developing important new medicines to improve the lives of patients. It uses new technologies, including genetics & genomics, to inform our drug discovery, our clinical trials, and our commercial positioning of our compounds. The Company has three product candidates in clinical development. It’s lead product candidate, iloperidone, is a compound for the treatment of schizophrenia & bipolar disorder & is in a Phase III clinical trial for schizophrenia. It’s second product candidate, is a compound for the treatment of insomnia & depression which is currently in a Phase III clinical trial for insomnia. It’s third product candidate, is a compound for the treatment of excessive sleepiness & is ready for a Phase II clinical trial. “

Several other equities research analysts also recently weighed in on the stock. HC Wainwright assumed coverage on shares of Vanda Pharmaceuticals in a report on Friday, May 26th. They issued a “buy” rating and a $18.00 price objective for the company. Jefferies Group LLC reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Vanda Pharmaceuticals in a report on Thursday, May 25th. TheStreet raised shares of Vanda Pharmaceuticals from a “d+” rating to a “c-” rating in a report on Friday, May 12th. CIBC reissued an “outperform” rating and issued a $21.00 price target on shares of Vanda Pharmaceuticals in a report on Wednesday, April 12th. Finally, Oppenheimer Holdings, Inc. initiated coverage on shares of Vanda Pharmaceuticals in a report on Wednesday, April 12th. They issued an “outperform” rating and a $21.00 price target for the company. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $20.78.

Analyst Recommendations for Vanda Pharmaceuticals (NASDAQ:VNDA)

Shares of Vanda Pharmaceuticals (NASDAQ:VNDA) remained flat at $13.90 during trading on Wednesday. 243,347 shares of the stock traded hands. The company’s 50-day moving average is $14.28 and its 200-day moving average is $14.54. The firm’s market cap is $619.27 million. Vanda Pharmaceuticals has a 52 week low of $10.40 and a 52 week high of $18.00.

Vanda Pharmaceuticals (NASDAQ:VNDA) last posted its quarterly earnings data on Tuesday, May 2nd. The biopharmaceutical company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.13) by $0.04. The company had revenue of $37.42 million during the quarter, compared to analyst estimates of $38.35 million. Vanda Pharmaceuticals had a negative return on equity of 10.42% and a negative net margin of 8.85%. Equities research analysts anticipate that Vanda Pharmaceuticals will post ($0.70) EPS for the current year.

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A number of large investors have recently modified their holdings of VNDA. Russell Investments Group Ltd. bought a new stake in Vanda Pharmaceuticals during the fourth quarter valued at about $6,196,000. State Street Corp increased its stake in Vanda Pharmaceuticals by 27.2% in the fourth quarter. State Street Corp now owns 1,751,605 shares of the biopharmaceutical company’s stock valued at $27,935,000 after buying an additional 374,095 shares during the last quarter. Federated Investors Inc. PA increased its stake in Vanda Pharmaceuticals by 1,102.3% in the fourth quarter. Federated Investors Inc. PA now owns 70,961 shares of the biopharmaceutical company’s stock valued at $1,132,000 after buying an additional 65,059 shares during the last quarter. FMR LLC increased its stake in Vanda Pharmaceuticals by 928.0% in the fourth quarter. FMR LLC now owns 996,271 shares of the biopharmaceutical company’s stock valued at $15,891,000 after buying an additional 899,358 shares during the last quarter. Finally, Axiom International Investors LLC DE bought a new stake in Vanda Pharmaceuticals during the fourth quarter valued at about $2,357,000. 93.57% of the stock is owned by institutional investors.

Vanda Pharmaceuticals Company Profile

Vanda Pharmaceuticals Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of therapies to address unmet medical needs. Its product portfolio includes HETLIOZ (tasimelteon), Fanapt (iloperidone), Tradipitant (VLY-686), Trichostatin A and AQW051. It offers HETLIOZ for the treatment of Non-24-Hour Sleep-Wake Disorder (Non-24).

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