Tocagen (TOCA) Upgraded to “Sell” at ValuEngine

Tocagen (NASDAQ:TOCA) was upgraded by research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a report issued on Friday.

A number of other analysts have also recently commented on the stock. BidaskClub raised shares of Tocagen from a “hold” rating to a “buy” rating in a report on Tuesday, January 23rd. Zacks Investment Research raised shares of Tocagen from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $23.67.

Shares of Tocagen (NASDAQ:TOCA) traded down $0.91 during midday trading on Friday, hitting $12.48. 90,010 shares of the company traded hands, compared to its average volume of 147,157. The company has a debt-to-equity ratio of 0.07, a quick ratio of 6.03 and a current ratio of 6.03. Tocagen has a one year low of $8.60 and a one year high of $17.95.

Tocagen (NASDAQ:TOCA) last issued its earnings results on Wednesday, November 8th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.02). The firm had revenue of $0.01 million for the quarter, compared to analysts’ expectations of $0.01 million. equities analysts predict that Tocagen will post -2.66 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of TOCA. EcoR1 Capital LLC purchased a new position in shares of Tocagen in the 2nd quarter worth approximately $18,074,000. FMR LLC acquired a new stake in Tocagen during the 2nd quarter valued at approximately $9,624,000. Vanguard Group Inc. acquired a new stake in Tocagen during the 2nd quarter valued at approximately $5,036,000. JPMorgan Chase & Co. acquired a new position in shares of Tocagen in the 2nd quarter valued at $4,960,000. Finally, Pure Financial Advisors Inc. acquired a new position in shares of Tocagen in the 4th quarter valued at $1,324,000. 36.96% of the stock is currently owned by institutional investors and hedge funds.

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About Tocagen

Tocagen Inc (Tocagen) is a clinical-stage, cancer-selective gene therapy company. The Company is focused on developing product candidates designed to activate a patient’s immune system against their own cancer. Its cancer-selective gene therapy platform is built on retroviral replicating vectors (RRVs), which are designed to selectively deliver therapeutic genes into the deoxyribonucleic acid (DNA) of cancer cells.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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