Vanda Pharmaceuticals Inc. (VNDA) Insider Mihael Hristos Polymeropoulos Sells 191,760 Shares

Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) insider Mihael Hristos Polymeropoulos sold 191,760 shares of Vanda Pharmaceuticals stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $15.30, for a total value of $2,933,928.00. Following the completion of the transaction, the insider now owns 1,031,848 shares of the company’s stock, valued at $15,787,274.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) traded down $0.05 during trading hours on Thursday, reaching $15.55. The company had a trading volume of 385,547 shares, compared to its average volume of 550,667. The company has a market capitalization of $698.62, a price-to-earnings ratio of -48.59 and a beta of 1.29. Vanda Pharmaceuticals Inc. has a 12 month low of $11.90 and a 12 month high of $18.99.

Vanda Pharmaceuticals (NASDAQ:VNDA) last posted its quarterly earnings data on Tuesday, November 7th. The biopharmaceutical company reported ($0.10) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.10). The company had revenue of $41.30 million during the quarter, compared to analyst estimates of $43.90 million. Vanda Pharmaceuticals had a negative return on equity of 10.99% and a negative net margin of 9.01%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.01) earnings per share. research analysts anticipate that Vanda Pharmaceuticals Inc. will post -0.44 EPS for the current year.

A number of large investors have recently bought and sold shares of VNDA. Legal & General Group Plc boosted its stake in Vanda Pharmaceuticals by 37.4% during the second quarter. Legal & General Group Plc now owns 11,105 shares of the biopharmaceutical company’s stock valued at $181,000 after buying an additional 3,022 shares during the period. Kopp Investment Advisors LLC bought a new stake in Vanda Pharmaceuticals during the second quarter worth about $196,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Vanda Pharmaceuticals during the third quarter worth about $277,000. Voya Investment Management LLC lifted its stake in Vanda Pharmaceuticals by 29.7% during the second quarter. Voya Investment Management LLC now owns 20,118 shares of the biopharmaceutical company’s stock worth $328,000 after purchasing an additional 4,605 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its stake in Vanda Pharmaceuticals by 46.3% during the second quarter. Dynamic Technology Lab Private Ltd now owns 20,510 shares of the biopharmaceutical company’s stock worth $335,000 after purchasing an additional 6,487 shares during the last quarter. 88.43% of the stock is owned by institutional investors.

Several equities analysts have recently weighed in on the company. Zacks Investment Research cut Vanda Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Thursday, October 19th. Oppenheimer set a $26.00 price objective on Vanda Pharmaceuticals and gave the company a “buy” rating in a research note on Sunday, October 29th. BidaskClub raised Vanda Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd. Piper Jaffray Companies lifted their price objective on Vanda Pharmaceuticals from $23.00 to $26.00 and gave the company an “overweight” rating in a research note on Thursday, September 14th. Finally, ValuEngine lowered Vanda Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $21.50.

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Vanda Pharmaceuticals Company Profile

Vanda Pharmaceuticals Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of therapies to address unmet medical needs. Its product portfolio includes HETLIOZ (tasimelteon), Fanapt (iloperidone), Tradipitant (VLY-686), Trichostatin A and AQW051. It offers HETLIOZ for the treatment of Non-24-Hour Sleep-Wake Disorder (Non-24).

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