TOCAGEN INC (NASDAQ:TOCA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

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. “

Separately, Stifel Nicolaus reaffirmed a “buy” rating and set a $24.00 price target on shares of TOCAGEN INC in a research report on Tuesday, July 25th.

Shares of TOCAGEN INC (NASDAQ:TOCA) traded down 0.86% during midday trading on Thursday, reaching $12.64. The company had a trading volume of 158,697 shares. The stock’s market capitalization is $250.39 million. TOCAGEN INC has a 52-week low of $9.68 and a 52-week high of $17.95. The company’s 50 day moving average price is $12.27 and its 200 day moving average price is $13.40.

TOCAGEN INC (NASDAQ:TOCA) last released its quarterly earnings results on Wednesday, August 9th. The company reported ($0.56) EPS for the quarter, missing the consensus estimate of ($0.52) by ($0.04). The business had revenue of $0.01 million during the quarter, compared to the consensus estimate of $0.01 million. Equities research analysts expect that TOCAGEN INC will post ($2.51) earnings per share for the current year.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System acquired a new position in TOCAGEN INC during the second quarter worth approximately $179,000. EcoR1 Capital LLC acquired a new position in shares of TOCAGEN INC in the second quarter valued at approximately $18,074,000. State Street Corp acquired a new position in shares of TOCAGEN INC in the second quarter valued at approximately $1,083,000. Goldman Sachs Group Inc. acquired a new position in shares of TOCAGEN INC in the second quarter valued at approximately $366,000. Finally, Farallon Capital Management LLC acquired a new position in shares of TOCAGEN INC in the second quarter valued at approximately $1,203,000. 37.87% of the stock is currently owned by institutional investors.

TOCAGEN INC Company Profile

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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