Genocea Biosciences, Inc. (GNCA) Receives “Overweight” Rating from Piper Jaffray Companies
Genocea Biosciences, Inc. (NASDAQ:GNCA)‘s stock had its “overweight” rating reiterated by stock analysts at Piper Jaffray Companies in a note issued to investors on Tuesday. They presently have a $18.00 price target on the biotechnology company’s stock, up from their previous price target of $17.00. Piper Jaffray Companies’ price target would indicate a potential upside of 208.75% from the company’s current price.
GNCA has been the topic of a number of other reports. Zacks Investment Research raised shares of Genocea Biosciences from a “hold” rating to a “buy” rating and set a $6.75 price target on the stock in a report on Tuesday, May 16th. Needham & Company LLC raised shares of Genocea Biosciences from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Monday. Finally, ValuEngine raised shares of Genocea Biosciences from a “sell” rating to a “hold” rating in a report on Monday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $16.52.
Shares of Genocea Biosciences (GNCA) traded up 9.5489% during trading on Tuesday, hitting $6.3867. 3,940,918 shares of the stock traded hands. Genocea Biosciences has a 1-year low of $3.28 and a 1-year high of $7.29. The stock has a 50 day moving average price of $5.34 and a 200-day moving average price of $5.43. The stock’s market cap is $182.03 million.
Genocea Biosciences (NASDAQ:GNCA) last posted its quarterly earnings data on Thursday, May 4th. The biotechnology company reported ($0.48) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.54) by $0.06. Equities analysts forecast that Genocea Biosciences will post ($1.89) EPS for the current year.
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In related news, CFO Jonathan Poole sold 45,000 shares of the business’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $6.00, for a total value of $270,000.00. Following the transaction, the chief financial officer now directly owns 84,247 shares of the company’s stock, valued at approximately $505,482. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 6.70% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in GNCA. Geode Capital Management LLC boosted its stake in shares of Genocea Biosciences by 1.3% in the first quarter. Geode Capital Management LLC now owns 136,990 shares of the biotechnology company’s stock worth $1,060,000 after buying an additional 1,743 shares in the last quarter. Alyeska Investment Group L.P. boosted its stake in shares of Genocea Biosciences by 0.8% in the fourth quarter. Alyeska Investment Group L.P. now owns 225,569 shares of the biotechnology company’s stock worth $929,000 after buying an additional 1,798 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Genocea Biosciences by 34.1% in the first quarter. Ameriprise Financial Inc. now owns 19,933 shares of the biotechnology company’s stock worth $121,000 after buying an additional 5,068 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Genocea Biosciences during the first quarter worth about $103,000. Finally, FMR LLC boosted its stake in shares of Genocea Biosciences by 0.4% in the first quarter. FMR LLC now owns 4,274,804 shares of the biotechnology company’s stock worth $26,033,000 after buying an additional 18,574 shares in the last quarter. Institutional investors and hedge funds own 54.23% of the company’s stock.
Genocea Biosciences Company Profile
Genocea Biosciences, Inc, is harnessing the power of T cell immunity to develop vaccines and immunotherapies company. The Company uses its discovery platform, AnTigen Lead Acquisition System (ATLAS), to design vaccines and immunotherapies that act, in part, through T cell (or cellular) immune responses.
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