NewLink Genetics Corporation (NASDAQ:NLNK) major shareholder Stine Seed Farm, Inc. purchased 780,487 shares of the firm’s stock in a transaction that occurred on Friday, October 6th. The stock was bought at an average cost of $10.25 per share, for a total transaction of $7,999,991.75. Following the completion of the purchase, the insider now directly owns 7,857,732 shares in the company, valued at approximately $80,541,753. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

NewLink Genetics Corporation (NLNK) traded down 7.20% during mid-day trading on Friday, reaching $10.70. 2,394,761 shares of the company’s stock were exchanged. The stock’s market capitalization is $314.80 million. NewLink Genetics Corporation has a 1-year low of $5.90 and a 1-year high of $25.17. The firm’s 50-day moving average is $10.02 and its 200 day moving average is $11.87.

NewLink Genetics Corporation (NASDAQ:NLNK) last posted its quarterly earnings data on Friday, July 28th. The biotechnology company reported ($0.57) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.78) by $0.21. The business had revenue of $10.37 million during the quarter, compared to analyst estimates of $2.65 million. NewLink Genetics Corporation had a negative net margin of 161.94% and a negative return on equity of 55.03%. Analysts forecast that NewLink Genetics Corporation will post ($2.82) earnings per share for the current fiscal year.

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Several large investors have recently bought and sold shares of NLNK. Columbus Circle Investors raised its position in shares of NewLink Genetics Corporation by 72.5% in the second quarter. Columbus Circle Investors now owns 591,765 shares of the biotechnology company’s stock valued at $4,349,000 after buying an additional 248,724 shares during the last quarter. Driehaus Capital Management LLC acquired a new position in shares of NewLink Genetics Corporation in the first quarter valued at approximately $5,127,000. Ameriprise Financial Inc. acquired a new position in NewLink Genetics Corporation during the first quarter worth approximately $3,453,000. Marshall Wace North America L.P. acquired a new position in NewLink Genetics Corporation during the first quarter worth approximately $2,578,000. Finally, MARSHALL WACE ASIA Ltd acquired a new position in NewLink Genetics Corporation during the first quarter worth approximately $2,578,000. 54.78% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on NLNK shares. Stifel Nicolaus raised their price target on shares of NewLink Genetics Corporation from $14.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, September 11th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $26.00 price target on shares of NewLink Genetics Corporation in a research note on Friday, September 8th. Jefferies Group LLC raised shares of NewLink Genetics Corporation from a “hold” rating to a “buy” rating and raised their price target for the company from $7.00 to $26.00 in a research note on Friday, September 8th. Zacks Investment Research raised shares of NewLink Genetics Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, July 29th. Finally, Robert W. Baird lowered shares of NewLink Genetics Corporation from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $25.00 to $8.00 in a research note on Thursday, June 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $26.60.

About NewLink Genetics Corporation

NewLink Genetics Corporation is a clinical-stage immuno-oncology company focused on discovering, developing and commercializing immunotherapeutic products for the treatment of cancer. The Company’s portfolio includes biologic and small-molecule immunotherapy product candidates for a range of oncology indications.

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