HC Wainwright Reiterates “Buy” Rating for Vical Incorporated (VICL)
HC Wainwright reissued their buy rating on shares of Vical Incorporated (NASDAQ:VICL) in a research report report published on Tuesday. The firm currently has a $6.00 price target on the biotechnology company’s stock.
VICL has been the subject of several other reports. ValuEngine cut Vical from a sell rating to a strong sell rating in a report on Friday, September 1st. Ifs Securities reiterated an outperform rating on shares of Vical in a report on Tuesday, August 8th. Finally, Zacks Investment Research cut Vical from a hold rating to a sell rating in a report on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $7.50.
Shares of Vical (NASDAQ:VICL) opened at $1.90 on Tuesday. Vical has a fifty-two week low of $1.66 and a fifty-two week high of $3.70.
Vical (NASDAQ:VICL) last issued its earnings results on Monday, October 23rd. The biotechnology company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.02). The company had revenue of $3.24 million for the quarter, compared to analysts’ expectations of $3.60 million. Vical had a negative net margin of 92.13% and a negative return on equity of 29.06%. sell-side analysts forecast that Vical will post -1 EPS for the current year.
In other Vical news, Director Robert C. Merton acquired 85,700 shares of the company’s stock in a transaction on Friday, November 10th. The stock was acquired at an average price of $1.75 per share, for a total transaction of $149,975.00. Following the acquisition, the director now owns 95,451 shares in the company, valued at approximately $167,039.25. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 5.98% of the company’s stock.
A hedge fund recently raised its stake in Vical stock. New York State Common Retirement Fund increased its position in Vical Incorporated (NASDAQ:VICL) by 83.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 130,706 shares of the biotechnology company’s stock after purchasing an additional 59,504 shares during the quarter. New York State Common Retirement Fund owned approximately 1.18% of Vical worth $354,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 20.30% of the company’s stock.
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