Inovio Pharmaceuticals, Inc. (NASDAQ:INO)‘s stock had its “buy” rating reissued by investment analysts at Maxim Group in a research note issued on Tuesday. They presently have a $12.00 price target on the biopharmaceutical company’s stock. Maxim Group’s target price points to a potential upside of 101.01% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. Piper Jaffray Companies upgraded shares of Inovio Pharmaceuticals from a “neutral” rating to an “overweight” rating and set a $14.00 price target on the stock in a research report on Thursday, June 8th. HC Wainwright set a $13.00 price target on shares of Inovio Pharmaceuticals and gave the company a “buy” rating in a research report on Saturday, June 3rd. Zacks Investment Research upgraded shares of Inovio Pharmaceuticals from a “hold” rating to a “buy” rating and set a $8.75 price target on the stock in a research report on Tuesday, July 11th. BidaskClub upgraded shares of Inovio Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Saturday, September 9th. Finally, Aegis boosted their price target on shares of Inovio Pharmaceuticals from $11.00 to $14.00 and gave the company a “buy” rating in a research report on Thursday, May 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $19.80.

Shares of Inovio Pharmaceuticals (NASDAQ INO) traded up 0.84% during mid-day trading on Tuesday, hitting $5.97. The stock had a trading volume of 4,351,989 shares. The firm’s market capitalization is $538.66 million. The stock’s 50-day moving average is $5.70 and its 200 day moving average is $6.67. Inovio Pharmaceuticals has a 1-year low of $5.28 and a 1-year high of $9.86.

Inovio Pharmaceuticals (NASDAQ:INO) last announced its quarterly earnings results on Tuesday, August 8th. The biopharmaceutical company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.08. Inovio Pharmaceuticals had a negative net margin of 153.46% and a negative return on equity of 63.67%. The company had revenue of $20.41 million for the quarter, compared to analysts’ expectations of $16.29 million. During the same quarter in the previous year, the company earned ($0.26) earnings per share. Inovio Pharmaceuticals’s quarterly revenue was up 229.2% on a year-over-year basis. Equities research analysts predict that Inovio Pharmaceuticals will post ($0.92) EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Inovio Pharmaceuticals by 4.2% in the second quarter. Vanguard Group Inc. now owns 3,227,219 shares of the biopharmaceutical company’s stock worth $25,301,000 after purchasing an additional 129,164 shares during the period. Wasatch Advisors Inc. grew its holdings in Inovio Pharmaceuticals by 43.6% in the second quarter. Wasatch Advisors Inc. now owns 2,610,818 shares of the biopharmaceutical company’s stock worth $20,469,000 after purchasing an additional 793,306 shares during the period. Northern Trust Corp grew its holdings in Inovio Pharmaceuticals by 2.8% in the second quarter. Northern Trust Corp now owns 896,472 shares of the biopharmaceutical company’s stock worth $7,028,000 after purchasing an additional 24,366 shares during the period. Geode Capital Management LLC grew its holdings in Inovio Pharmaceuticals by 12.5% in the first quarter. Geode Capital Management LLC now owns 560,164 shares of the biopharmaceutical company’s stock worth $3,708,000 after purchasing an additional 62,045 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Inovio Pharmaceuticals by 3.6% in the first quarter. Bank of New York Mellon Corp now owns 342,348 shares of the biopharmaceutical company’s stock worth $2,266,000 after purchasing an additional 11,765 shares during the period. Institutional investors and hedge funds own 24.83% of the company’s stock.

About Inovio Pharmaceuticals

Inovio Pharmaceuticals, Inc (Inovio) is a clinical-stage pharmaceutical company, which is involved in developing deoxyribonucleic acid (DNA) immunotherapies and vaccines focused on treating and preventing cancers and infectious diseases. The Company’s DNA-based immunotherapies, in combination with its electroporation delivery devices, generates immune responses, in particular T cells, in the body to fight target diseases.

Analyst Recommendations for Inovio Pharmaceuticals (NASDAQ:INO)

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