Virnetx (NASDAQ:VHC) Upgraded by Wall Street Zen to “Sell” Rating

Virnetx (NASDAQ:VHC) was upgraded by equities research analysts at Wall Street Zen to a “sell” rating in a note issued to investors on Sunday.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Virnetx in a research note on Thursday, June 18th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Virnetx currently has an average rating of “Sell”.

Virnetx Stock Performance

Shares of NASDAQ VHC traded down $0.08 during midday trading on Friday, reaching $10.28. The stock had a trading volume of 11,801 shares, compared to its average volume of 26,944. The firm has a 50 day simple moving average of $13.27. Virnetx has a twelve month low of $9.82 and a twelve month high of $29.00. The company has a market cap of $43.07 million, a price-to-earnings ratio of -1.99 and a beta of 2.29.

Virnetx (NASDAQ:VHC) last posted its quarterly earnings data on Friday, May 15th. The company reported ($1.16) earnings per share for the quarter.

Hedge Funds Weigh In On Virnetx

Institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its position in Virnetx by 9,676.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,986 shares of the company’s stock valued at $85,000 after buying an additional 4,935 shares in the last quarter. State Street Corp increased its holdings in shares of Virnetx by 21.9% during the fourth quarter. State Street Corp now owns 14,447 shares of the company’s stock valued at $241,000 after acquiring an additional 2,600 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Virnetx by 3.1% during the fourth quarter. HighTower Advisors LLC now owns 20,571 shares of the company’s stock valued at $343,000 after acquiring an additional 625 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Virnetx by 4.2% during the second quarter. Geode Capital Management LLC now owns 32,357 shares of the company’s stock worth $351,000 after purchasing an additional 1,318 shares during the period. Finally, Csenge Advisory Group lifted its holdings in shares of Virnetx by 13.8% in the 4th quarter. Csenge Advisory Group now owns 68,243 shares of the company’s stock worth $1,139,000 after purchasing an additional 8,275 shares in the last quarter. Institutional investors own 10.37% of the company’s stock.

About Virnetx

VirnetX Holding Corp. is a U.S.-based technology company focused on secure communications and network security technologies. The company develops, owns and licenses intellectual property covering methods and systems for encrypted communications, virtual private networks and secure domain name resolution. VirnetX’s work centers on technologies designed to protect data in transit and enable private, authenticated connections across public networks.

VirnetX’s offerings are primarily deployed through licensing arrangements and technology integrations rather than through mass-market consumer products.