Cowen and Company reissued their outperform rating on shares of Genocea Biosciences, Inc. (NASDAQ:GNCA) in a research note issued to investors on Tuesday morning. They currently have a $40.00 target price on the biotechnology company’s stock.

Several other equities analysts have also issued reports on the company. Piper Jaffray Companies reiterated an overweight rating and issued a $18.00 target price (up previously from $17.00) on shares of Genocea Biosciences in a research note on Tuesday. ValuEngine upgraded Genocea Biosciences from a sell rating to a hold rating in a research note on Monday, July 24th. Needham & Company LLC upgraded Genocea Biosciences from a hold rating to a buy rating and set a $12.00 target price on the stock in a research note on Monday, July 24th. Finally, Zacks Investment Research lowered Genocea Biosciences from a buy rating to a hold rating in a research note on Monday, July 17th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $16.52.

Shares of Genocea Biosciences (NASDAQ:GNCA) traded up 1.15% during mid-day trading on Tuesday, hitting $6.16. 370,511 shares of the stock were exchanged. The firm’s market cap is $175.57 million. Genocea Biosciences has a 12 month low of $3.28 and a 12 month high of $7.29. The stock’s 50 day moving average is $5.33 and its 200 day moving average is $5.47.

Genocea Biosciences (NASDAQ:GNCA) last announced its quarterly earnings results on Thursday, May 4th. The biotechnology company reported ($0.48) EPS for the quarter, beating the consensus estimate of ($0.54) by $0.06. Analysts expect that Genocea Biosciences will post ($1.91) EPS for the current fiscal year.

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In related news, CFO Jonathan Poole sold 45,000 shares of Genocea Biosciences stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $6.00, for a total transaction of $270,000.00. Following the completion of the sale, the chief financial officer now owns 84,247 shares of the company’s stock, valued at $505,482. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.70% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its stake in Genocea Biosciences by 34.1% in the first quarter. Ameriprise Financial Inc. now owns 19,933 shares of the biotechnology company’s stock worth $121,000 after buying an additional 5,068 shares during the period. Keybank National Association OH purchased a new stake in Genocea Biosciences during the first quarter worth approximately $147,000. Segantii Capital Management Ltd purchased a new stake in Genocea Biosciences during the first quarter worth approximately $160,000. JPMorgan Chase & Co. purchased a new stake in Genocea Biosciences during the first quarter worth approximately $217,000. Finally, Geode Capital Management LLC increased its stake in Genocea Biosciences by 4.7% in the first quarter. Geode Capital Management LLC now owns 148,370 shares of the biotechnology company’s stock worth $903,000 after buying an additional 6,708 shares during the period. 54.23% of the stock is owned by hedge funds and other institutional investors.

Genocea Biosciences Company Profile

Genocea Biosciences, Inc, is harnessing the power of T cell immunity to develop vaccines and immunotherapies company. The Company uses its discovery platform, AnTigen Lead Acquisition System (ATLAS), to design vaccines and immunotherapies that act, in part, through T cell (or cellular) immune responses.

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