Inovio Pharmaceuticals Inc (NASDAQ:INO) CEO Jong Joseph Kim Sells 100,000 Shares
Inovio Pharmaceuticals Inc (NASDAQ:INO) CEO Jong Joseph Kim sold 100,000 shares of the firm’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $21.13, for a total transaction of $2,113,000.00. Following the transaction, the chief executive officer now directly owns 1,188,313 shares of the company’s stock, valued at approximately $25,109,053.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of NASDAQ INO opened at $19.44 on Friday. Inovio Pharmaceuticals Inc has a twelve month low of $1.91 and a twelve month high of $33.79. The firm has a fifty day simple moving average of $21.82 and a 200 day simple moving average of $11.64. The company has a debt-to-equity ratio of 0.51, a current ratio of 8.53 and a quick ratio of 8.53.
Inovio Pharmaceuticals (NASDAQ:INO) last posted its quarterly earnings results on Monday, May 11th. The biopharmaceutical company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.04). Inovio Pharmaceuticals had a negative net margin of 4,700.42% and a negative return on equity of 166.85%. The company had revenue of $1.33 million during the quarter, compared to the consensus estimate of $1.55 million. During the same period last year, the firm posted ($0.30) earnings per share. As a group, research analysts anticipate that Inovio Pharmaceuticals Inc will post -0.77 EPS for the current fiscal year.
Several research firms have recently issued reports on INO. ValuEngine downgraded shares of Inovio Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Thursday, July 2nd. Maxim Group downgraded shares of Inovio Pharmaceuticals from a “buy” rating to a “hold” rating and set a $24.00 price target for the company. in a research note on Wednesday, July 1st. Benchmark reaffirmed a “buy” rating on shares of Inovio Pharmaceuticals in a research note on Tuesday, June 30th. HC Wainwright downgraded shares of Inovio Pharmaceuticals from a “buy” rating to a “neutral” rating in a research note on Monday, June 29th. Finally, Cantor Fitzgerald lifted their target price on shares of Inovio Pharmaceuticals from $13.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $13.33.
About Inovio Pharmaceuticals
Inovio Pharmaceuticals, Inc, a late-stage biotechnology company, focuses on the discovery, development, and commercialization of DNA-based immunotherapies and vaccines to prevent and treat cancers and infectious diseases. Its SynCon immunotherapy design has the ability to break the immune system's tolerance of cancerous cells, as well as is intended to facilitate cross-strain protection against known, as well as new unmatched strains of pathogens, such as influenza.
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