Inovio Pharmaceuticals (NASDAQ:INO) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Wednesday.
Several other research firms also recently commented on INO. HC Wainwright set a $13.00 price objective on Inovio Pharmaceuticals and gave the company a “buy” rating in a research note on Wednesday, January 3rd. ValuEngine downgraded Inovio Pharmaceuticals from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 9th. Royal Bank of Canada initiated coverage on Inovio Pharmaceuticals in a research report on Wednesday, October 18th. They set an “outperform” rating and a $11.00 target price on the stock. Zacks Investment Research upgraded Inovio Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, Maxim Group set a $12.00 target price on Inovio Pharmaceuticals and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $19.16.
Inovio Pharmaceuticals (NASDAQ:INO) traded down $0.08 during trading on Wednesday, reaching $5.05. The company had a trading volume of 1,544,549 shares, compared to its average volume of 1,650,000. Inovio Pharmaceuticals has a fifty-two week low of $4.09 and a fifty-two week high of $9.86. The stock has a market capitalization of $456.00, a P/E ratio of -4.28 and a beta of 2.74.
Institutional investors have recently added to or reduced their stakes in the company. BlueCrest Capital Management Ltd bought a new position in shares of Inovio Pharmaceuticals in the second quarter worth $107,000. Virginia Retirement Systems ET AL bought a new position in shares of Inovio Pharmaceuticals in the third quarter worth $101,000. Neuberger Berman Group LLC bought a new position in shares of Inovio Pharmaceuticals in the third quarter worth $115,000. Engineers Gate Manager LP bought a new position in shares of Inovio Pharmaceuticals in the third quarter worth $117,000. Finally, Emerald Advisers Inc. PA increased its holdings in shares of Inovio Pharmaceuticals by 84.0% in the third quarter. Emerald Advisers Inc. PA now owns 20,323 shares of the biopharmaceutical company’s stock worth $129,000 after purchasing an additional 9,280 shares during the period. 32.11% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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