Tocagen Inc (TOCA) Posts Quarterly Earnings Results, Misses Estimates By $0.04 EPS
Tocagen Inc (NASDAQ:TOCA) released its earnings results on Wednesday. The company reported ($0.56) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.52) by $0.04, Morningstar.com reports. The firm had revenue of $0.01 million for the quarter, compared to analysts’ expectations of $0.01 million.
Shares of Tocagen (TOCA) traded up 0.18% during trading on Thursday, reaching $11.00. 46,460 shares of the company were exchanged. Tocagen has a 1-year low of $9.68 and a 1-year high of $17.95. The firm’s market capitalization is $217.88 million. The company’s 50-day moving average is $11.31 and its 200 day moving average is $13.61.
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Several research firms have recently issued reports on TOCA. Stifel Nicolaus reiterated a “buy” rating and set a $24.00 target price on shares of Tocagen in a report on Tuesday, July 25th. Leerink Swann initiated coverage on shares of Tocagen in a report on Monday, May 8th. They set a “market perform” rating and a $19.00 target price for the company. Finally, Evercore ISI restated an “outperform” rating and issued a $28.00 price objective on shares of Tocagen in a report on Tuesday, May 9th.
A number of large investors have recently made changes to their positions in the stock. TD Asset Management Inc. purchased a new stake in shares of Tocagen during the second quarter valued at $158,000. Schwab Charles Investment Management Inc. purchased a new stake in shares of Tocagen during the second quarter valued at $165,000. Teachers Advisors LLC purchased a new stake in shares of Tocagen during the second quarter valued at $181,000. Wells Fargo & Company MN purchased a new stake in shares of Tocagen during the second quarter valued at $183,000. Finally, Alps Advisors Inc. purchased a new stake in shares of Tocagen during the second quarter valued at $215,000. Institutional investors own 0.08% of the company’s stock.
Tocagen Inc (Tocagen) is a clinical-stage, cancer-selective gene therapy company. The Company is focused on developing product candidates designed to activate a patient’s immune system against their own cancer. Its cancer-selective gene therapy platform is built on retroviral replicating vectors (RRVs), which are designed to selectively deliver therapeutic genes into the deoxyribonucleic acid (DNA) of cancer cells.
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