$2.72 Million in Sales Expected for NewLink Genetics Corporation (NLNK) This Quarter
Analysts expect NewLink Genetics Corporation (NASDAQ:NLNK) to announce $2.72 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for NewLink Genetics Corporation’s earnings. The lowest sales estimate is $300,000.00 and the highest is $5.00 million. NewLink Genetics Corporation reported sales of $12.70 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 78.6%. The company is expected to issue its next earnings report on Tuesday, February 27th.
On average, analysts expect that NewLink Genetics Corporation will report full year sales of $2.72 million for the current financial year, with estimates ranging from $18.61 million to $23.60 million. For the next financial year, analysts expect that the business will post sales of $12.20 million per share, with estimates ranging from $1.10 million to $20.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover NewLink Genetics Corporation.
A number of brokerages have weighed in on NLNK. Cantor Fitzgerald reissued a “buy” rating and set a $26.00 price target on shares of NewLink Genetics Corporation in a research report on Monday, September 25th. ValuEngine raised NewLink Genetics Corporation from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 7th. Zacks Investment Research raised NewLink Genetics Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, July 29th. Stifel Nicolaus boosted their price target on NewLink Genetics Corporation from $14.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, September 11th. Finally, Jefferies Group LLC raised NewLink Genetics Corporation from a “hold” rating to a “buy” rating and boosted their price target for the stock from $7.00 to $26.00 in a research report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $23.43.
In other news, major shareholder Stine Seed Farm, Inc. acquired 780,487 shares of NewLink Genetics Corporation stock in a transaction dated Friday, October 6th. The stock was bought at an average price of $10.25 per share, for a total transaction of $7,999,991.75. Following the completion of the acquisition, the insider now directly owns 7,857,732 shares in the company, valued at approximately $80,541,753. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 13.70% of the company’s stock.
Several large investors have recently modified their holdings of NLNK. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of NewLink Genetics Corporation by 1,823.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,269 shares of the biotechnology company’s stock worth $105,000 after acquiring an additional 9,735 shares during the period. Oppenheimer & Co. Inc. bought a new stake in shares of NewLink Genetics Corporation during the third quarter worth approximately $114,000. State of Wisconsin Investment Board bought a new stake in shares of NewLink Genetics Corporation during the second quarter worth approximately $125,000. Trexquant Investment LP boosted its stake in shares of NewLink Genetics Corporation by 39.1% in the second quarter. Trexquant Investment LP now owns 18,132 shares of the biotechnology company’s stock valued at $133,000 after buying an additional 5,097 shares during the period. Finally, Advisor Group Inc. boosted its stake in shares of NewLink Genetics Corporation by 3.4% in the second quarter. Advisor Group Inc. now owns 18,082 shares of the biotechnology company’s stock valued at $133,000 after buying an additional 600 shares during the period. Institutional investors own 45.31% of the company’s stock.
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Shares of NewLink Genetics Corporation (NASDAQ:NLNK) traded down $0.12 during midday trading on Tuesday, reaching $8.90. The company’s stock had a trading volume of 657,600 shares, compared to its average volume of 1,305,013. NewLink Genetics Corporation has a 1 year low of $5.90 and a 1 year high of $25.17.
About NewLink Genetics Corporation
NewLink Genetics Corporation is a clinical-stage immuno-oncology company focused on discovering, developing and commercializing immunotherapeutic products for the treatment of cancer. The Company’s portfolio includes biologic and small-molecule immunotherapy product candidates for a range of oncology indications.
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