Griffin Securities Initiates Coverage on Heat Biologics, Inc. (HTBX)
Equities researchers at Griffin Securities assumed coverage on shares of Heat Biologics, Inc. (NASDAQ:HTBX) in a research note issued on Tuesday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $2.25 price target on the biopharmaceutical company’s stock. Griffin Securities’ target price would indicate a potential upside of 263.43% from the company’s current price. Griffin Securities also issued estimates for Heat Biologics’ Q3 2017 earnings at ($0.09) EPS, 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.
A number of other equities analysts have also recently commented on the company. Zacks Investment Research upgraded Heat Biologics from a “hold” rating to a “buy” rating and set a $0.75 target price for the company in a report on Thursday, May 25th. ValuEngine cut Heat Biologics from a “sell” rating to a “strong sell” rating in a report on Thursday, July 13th. Finally, Noble Financial restated a “buy” rating on shares of Heat Biologics in a report on Tuesday, July 4th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $1.67.
Heat Biologics (HTBX) traded down 0.3220% during mid-day trading on Tuesday, hitting $0.6191. The company had a trading volume of 1,007,001 shares. The company’s market capitalization is $22.16 million. Heat Biologics has a 52-week low of $0.46 and a 52-week high of $3.35. The company has a 50-day moving average price of $0.53 and a 200 day moving average price of $0.68.
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Institutional investors have recently made changes to their positions in the stock. KCG Holdings Inc. boosted its holdings in Heat Biologics by 35.3% during the 1st quarter. KCG Holdings Inc. now owns 175,769 shares of the biopharmaceutical company’s stock valued at $156,000 after acquiring an additional 45,831 shares during the period. Vanguard Group Inc. boosted its holdings in Heat Biologics by 11.9% during the 2nd quarter. Vanguard Group Inc. now owns 661,388 shares of the biopharmaceutical company’s stock valued at $403,000 after acquiring an additional 70,290 shares during the period. Finally, Sabby Management LLC purchased a new position in Heat Biologics during the 1st quarter valued at about $2,176,000. Institutional investors own 8.74% of the company’s stock.
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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