Jefferies Group Equities Analysts Reduce Earnings Estimates for Vanda Pharmaceuticals Inc. (VNDA)
Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) – Equities research analysts at Jefferies Group lowered their FY2017 earnings per share estimates for Vanda Pharmaceuticals in a research note issued to investors on Tuesday. Jefferies Group analyst M. Andrews now anticipates that the biopharmaceutical company will earn ($0.52) per share for the year, down from their prior forecast of ($0.51). Jefferies Group currently has a “Buy” rating and a $21.00 target price on the stock. Jefferies Group also issued estimates for Vanda Pharmaceuticals’ FY2018 earnings at ($0.33) EPS.
Other equities research analysts have also issued reports about the company. Zacks Investment Research raised Vanda Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. HC Wainwright started coverage on Vanda Pharmaceuticals in a report on Friday, May 26th. They issued a “buy” rating and a $18.00 target price for the company. BidaskClub lowered Vanda Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Piper Jaffray Companies set a $23.00 target price on Vanda Pharmaceuticals and gave the company a “buy” rating in a report on Thursday, August 3rd. Finally, Oppenheimer Holdings, Inc. set a $21.00 target price on Vanda Pharmaceuticals and gave the company a “buy” rating in a report on Thursday, August 3rd. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $21.25.
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Shares of Vanda Pharmaceuticals (NASDAQ VNDA) opened at 16.85 on Thursday. The firm has a 50-day moving average price of $16.10 and a 200 day moving average price of $14.88. The stock’s market capitalization is $755.86 million. Vanda Pharmaceuticals has a one year low of $12.70 and a one year high of $18.00.
Vanda Pharmaceuticals (NASDAQ:VNDA) last posted its quarterly earnings data on Wednesday, August 2nd. The biopharmaceutical company reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.21) by $0.18. Vanda Pharmaceuticals had a negative return on equity of 7.85% and a negative net margin of 6.54%. The firm had revenue of $42.06 million during the quarter, compared to the consensus estimate of $40.31 million. During the same period in the prior year, the company earned $0.01 EPS. The firm’s revenue was up 16.7% compared to the same quarter last year.
Hedge funds have recently made changes to their positions in the company. Rice Hall James & Associates LLC raised its stake in shares of Vanda Pharmaceuticals by 1.0% in the second quarter. Rice Hall James & Associates LLC now owns 27,903 shares of the biopharmaceutical company’s stock valued at $455,000 after buying an additional 279 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Vanda Pharmaceuticals by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 45,562 shares of the biopharmaceutical company’s stock valued at $638,000 after buying an additional 541 shares in the last quarter. American International Group Inc. raised its stake in shares of Vanda Pharmaceuticals by 7.1% in the first quarter. American International Group Inc. now owns 22,563 shares of the biopharmaceutical company’s stock valued at $316,000 after buying an additional 1,491 shares in the last quarter. Algert Global LLC raised its stake in shares of Vanda Pharmaceuticals by 11.8% in the first quarter. Algert Global LLC now owns 18,223 shares of the biopharmaceutical company’s stock valued at $255,000 after buying an additional 1,927 shares in the last quarter. Finally, Strs Ohio raised its stake in shares of Vanda Pharmaceuticals by 4.6% in the first quarter. Strs Ohio now owns 49,600 shares of the biopharmaceutical company’s stock valued at $694,000 after buying an additional 2,200 shares in the last quarter. Institutional investors and hedge funds own 86.49% of the company’s stock.
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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