Vascular Biogenics (VBLT) Lifted to Hold at Zacks Investment Research
Vascular Biogenics (NASDAQ:VBLT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Saturday.
According to Zacks, “Vascular Biogenics Ltd. is a clinical stage biotechnology company. It is focused on the discovery, development and commercialization of treatments for cancer and immune-inflammatory diseases. Its lead oncology candidate VB-111, is a gene-based biologic which is in Phase II clinical trials for the treatment of recurrent glioblastoma, an aggressive form of brain cancer. It is also developing VB-201, an oral small molecule that is in Phase II clinical trials for the treatment psoriasis and ulcerative colitis. Vascular Biogenics Ltd. is headquartered in Or Yehuda, Israel. “
VBLT has been the topic of a number of other reports. Chardan Capital raised their price target on shares of Vascular Biogenics from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. HC Wainwright restated a “buy” rating and issued a $11.00 price target on shares of Vascular Biogenics in a research report on Tuesday, November 7th. Finally, ValuEngine upgraded shares of Vascular Biogenics from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $15.67.
An institutional investor recently bought a new position in Vascular Biogenics stock. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Vascular Biogenics Ltd. (NASDAQ:VBLT) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 22,100 shares of the biopharmaceutical company’s stock, valued at approximately $135,000. Zurcher Kantonalbank Zurich Cantonalbank owned 0.08% of Vascular Biogenics as of its most recent SEC filing. Institutional investors and hedge funds own 6.59% of the company’s stock.
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Vascular Biogenics Company Profile
Vascular Biogenics Ltd. is a clinical-stage biopharmaceutical company. The Company is focused on the discovery, development and commercialization of treatments for cancer. The Company’s program is based on its Vascular Targeting System (VTS) platform technology, which utilizes genetically targeted therapy to destroy newly formed, or angiogenic, blood vessels.
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