Inovio Pharmaceuticals (NASDAQ:INO) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Saturday.
Several other equities analysts have also recently weighed in on INO. Maxim Group set a $12.00 price target on Inovio Pharmaceuticals and gave the company a “buy” rating in a report on Tuesday, January 2nd. HC Wainwright set a $13.00 price target on Inovio Pharmaceuticals and gave the company a “buy” rating in a report on Wednesday, October 25th. Citigroup initiated coverage on Inovio Pharmaceuticals in a report on Friday, October 6th. They set a “buy” rating and a $10.00 price target for the company. Zacks Investment Research cut Inovio Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Finally, ValuEngine cut Inovio Pharmaceuticals from a “sell” rating to a “strong sell” rating in a report on Thursday, November 9th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. Inovio Pharmaceuticals currently has an average rating of “Hold” and an average price target of $19.16.
Shares of Inovio Pharmaceuticals (INO) traded down $0.17 on Friday, reaching $4.25. The company had a trading volume of 1,532,950 shares, compared to its average volume of 1,690,000. The company has a market cap of $369.00, a P/E ratio of -3.60 and a beta of 2.54. Inovio Pharmaceuticals has a 52 week low of $4.09 and a 52 week high of $9.86.
Several institutional investors have recently made changes to their positions in the company. Virginia Retirement Systems ET AL bought a new stake in shares of Inovio Pharmaceuticals during the 3rd quarter worth approximately $101,000. BlueCrest Capital Management Ltd bought a new stake in shares of Inovio Pharmaceuticals during the 2nd quarter worth approximately $107,000. Neuberger Berman Group LLC bought a new stake in shares of Inovio Pharmaceuticals during the 3rd quarter worth approximately $115,000. Engineers Gate Manager LP bought a new stake in shares of Inovio Pharmaceuticals during the 3rd quarter worth approximately $117,000. Finally, Emerald Advisers Inc. PA lifted its stake in shares of Inovio Pharmaceuticals by 84.0% during the 3rd quarter. Emerald Advisers Inc. PA now owns 20,323 shares of the biopharmaceutical company’s stock worth $129,000 after acquiring an additional 9,280 shares during the last quarter. Hedge funds and other institutional investors own 32.12% of the company’s stock.
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Inovio Pharmaceuticals Company Profile
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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