Tocagen Inc (TOCA) Raised to “Hold” at Zacks Investment Research
Tocagen Inc (NASDAQ:TOCA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.
According to Zacks, “Tocagen, Inc. is a clinical-stage, cancer-selective gene therapy company which focuses on retroviral gene therapy platforms. The company’s lead product candidate consists of Toca 511 & Toca FC, initially for the treatment of recurrent high grade glioma, a disease with a significant unmet medical need. Tocagen, Inc. is based in San Diego, United States. “
Several other equities analysts also recently weighed in on TOCA. Stifel Nicolaus began coverage on shares of Tocagen in a research note on Monday, May 15th. They issued a “buy” rating and a $24.00 price target on the stock. Leerink Swann began coverage on shares of Tocagen in a research note on Monday, May 15th. They issued a “mkt perform” rating and a $19.00 price target on the stock.
Shares of Tocagen (TOCA) traded down 5.05% during mid-day trading on Friday, hitting $12.60. 81,668 shares of the stock traded hands. The firm has a 50 day moving average of $12.04 and a 200 day moving average of $13.45. The company’s market cap is $249.59 million. Tocagen has a 12 month low of $9.68 and a 12 month high of $17.95.
Tocagen (NASDAQ:TOCA) last posted its quarterly earnings results on Wednesday, August 9th. The company reported ($0.56) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.52) by $0.04. The firm had revenue of $0.01 million for the quarter, compared to analysts’ expectations of $0.01 million. Equities analysts anticipate that Tocagen will post ($2.51) EPS for the current fiscal year.
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Hedge funds have recently modified their holdings of the business. New York State Common Retirement Fund purchased a new position in Tocagen during the second quarter worth about $108,000. TD Asset Management Inc. purchased a new position in Tocagen during the second quarter worth about $158,000. Schwab Charles Investment Management Inc. purchased a new position in Tocagen during the second quarter worth about $165,000. California State Teachers Retirement System purchased a new position in Tocagen during the second quarter worth about $179,000. Finally, Teachers Advisors LLC purchased a new position in Tocagen during the second quarter worth about $181,000. 37.87% of the stock is currently owned by institutional investors.
Tocagen Inc (Tocagen) is a clinical-stage, cancer-selective gene therapy company. The Company is focused on developing product candidates designed to activate a patient’s immune system against their own cancer. Its cancer-selective gene therapy platform is built on retroviral replicating vectors (RRVs), which are designed to selectively deliver therapeutic genes into the deoxyribonucleic acid (DNA) of cancer cells.
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