Heat Biologics, Inc. (HTBX) Forecasted to Earn Q3 2017 Earnings of ($0.09) Per Share
Heat Biologics, Inc. (NASDAQ:HTBX) – Stock analysts at Griffin Securities issued their Q3 2017 earnings estimates for shares of Heat Biologics in a research note issued on Tuesday. Griffin Securities analyst K. Markey anticipates that the biopharmaceutical company will earn ($0.09) per share for the quarter. Griffin Securities has a “Buy” rating and a $2.25 price target on the stock. Griffin Securities also issued estimates for Heat Biologics’ Q4 2017 earnings at ($0.07) EPS, FY2017 earnings at ($0.35) EPS, Q1 2018 earnings at ($0.07) EPS, Q2 2018 earnings at ($0.07) EPS, Q3 2018 earnings at ($0.05) EPS, Q4 2018 earnings at ($0.05) EPS, FY2018 earnings at ($0.23) EPS, FY2019 earnings at ($0.19) EPS, FY2020 earnings at ($0.25) EPS and FY2021 earnings at $0.17 EPS.
Several other equities analysts have also weighed in on the company. ValuEngine lowered Heat Biologics from a “sell” rating to a “strong sell” rating in a report on Thursday, July 13th. Zacks Investment Research lowered Heat Biologics from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Noble Financial reissued a “buy” rating on shares of Heat Biologics in a report on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $1.67.
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Shares of Heat Biologics (HTBX) opened at 0.6269 on Friday. The company has a 50-day moving average price of $0.52 and a 200 day moving average price of $0.68. The company’s market capitalization is $22.44 million. Heat Biologics has a 1-year low of $0.46 and a 1-year high of $3.35.
Several institutional investors have recently bought and sold shares of HTBX. KCG Holdings Inc. boosted its holdings 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 worth $156,000 after acquiring an additional 45,831 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Heat Biologics by 11.9% in the second quarter. Vanguard Group Inc. now owns 661,388 shares of the biopharmaceutical company’s stock worth $403,000 after acquiring an additional 70,290 shares during the period. Finally, Sabby Management LLC bought a new position in shares of Heat Biologics in the first quarter worth $2,176,000. 8.74% of the stock is owned by hedge funds and other institutional investors.
Heat Biologics Company Profile
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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