Dynavax Technologies Target of Unusually High Options Trading (DVAX)
Dynavax Technologies Co. (NASDAQ:DVAX) saw some unusual options trading activity on Monday. Traders acquired 2,440 put options on the stock. This is an increase of 1,352% compared to the typical volume of 168 put options.
In related news, insider Robert Coffman sold 7,500 shares of the firm’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $18.90, for a total transaction of $141,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP David Louis Johnson sold 3,092 shares of the firm’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $18.60, for a total transaction of $57,511.20. Following the transaction, the vice president now directly owns 7,780 shares of the company’s stock, valued at $144,708. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.
Several large investors have recently modified their holdings of the business. Vident Investment Advisory LLC grew its stake in shares of Dynavax Technologies by 3.1% in the 3rd quarter. Vident Investment Advisory LLC now owns 150,258 shares of the biopharmaceutical company’s stock worth $3,231,000 after buying an additional 4,553 shares in the last quarter. First Republic Investment Management Inc. purchased a new position in shares of Dynavax Technologies in the 3rd quarter worth $2,414,000. Crawford Lake Capital Management LLC bought a new stake in shares of Dynavax Technologies in the 3rd quarter worth about $1,481,000. California State Teachers Retirement System lifted its holdings in shares of Dynavax Technologies by 12.0% in the 3rd quarter. California State Teachers Retirement System now owns 97,417 shares of the biopharmaceutical company’s stock worth $2,094,000 after acquiring an additional 10,412 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Dynavax Technologies by 29.9% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 235,310 shares of the biopharmaceutical company’s stock worth $5,060,000 after acquiring an additional 54,149 shares during the last quarter. 70.54% of the stock is owned by institutional investors and hedge funds.
Dynavax Technologies (NASDAQ:DVAX) last issued its quarterly earnings data on Friday, November 3rd. The biopharmaceutical company reported ($0.38) EPS for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.15. Dynavax Technologies had a negative net margin of 1,177.60% and a negative return on equity of 65.97%. The business had revenue of $0.05 million during the quarter, compared to analysts’ expectations of $0.28 million. During the same period last year, the company posted ($0.90) EPS. The business’s revenue was down 68.8% on a year-over-year basis. analysts anticipate that Dynavax Technologies will post -1.72 EPS for the current year.
Several equities analysts recently weighed in on DVAX shares. Cowen reaffirmed a “buy” rating and set a $30.00 target price on shares of Dynavax Technologies in a research note on Friday, November 3rd. BidaskClub cut shares of Dynavax Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. Royal Bank of Canada reissued an “outperform” rating and issued a $28.00 price objective (up from $26.00) on shares of Dynavax Technologies in a research note on Monday, September 25th. Cantor Fitzgerald started coverage on shares of Dynavax Technologies in a research note on Friday, September 15th. They issued an “overweight” rating and a $24.00 price objective for the company. Finally, Zacks Investment Research cut shares of Dynavax Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday. Three analysts have rated the stock with a sell rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $25.17.
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About Dynavax Technologies
Dynavax Technologies Corporation is a clinical-stage immunotherapy company. The Company is focused on leveraging the body’s innate and adaptive immune responses through toll-like receptor (TLR) stimulation. Its product candidates are being investigated for use in multiple cancer indications, as a vaccine for the prevention of hepatitis B and as a disease modifying therapy for asthma.
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