TOCAGEN INC’s Lock-Up Period To End on October 10th (NASDAQ:TOCA)
TOCAGEN INC’s (NASDAQ:TOCA) lock-up period will end on Tuesday, October 10th. TOCAGEN INC had issued 8,500,000 shares in its public offering on April 13th. The total size of the offering was $85,000,000 based on an initial share price of $10.00. After the expiration of TOCAGEN INC’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.
A number of research firms have recently weighed in on TOCA. Zacks Investment Research raised TOCAGEN INC from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $24.00 price target on shares of TOCAGEN INC in a research note on Tuesday, July 25th.
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Shares of TOCAGEN INC (TOCA) opened at 10.44 on Friday. The stock has a market cap of $206.81 million and a price-to-earnings ratio of 2.13. TOCAGEN INC has a 52 week low of $9.68 and a 52 week high of $17.95. The company has a 50-day moving average price of $12.69 and a 200-day moving average price of $13.25.
TOCAGEN INC (NASDAQ:TOCA) last released its earnings results on Wednesday, August 9th. The company reported ($0.56) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.52) by ($0.04). The firm had revenue of $0.01 million during the quarter, compared to analysts’ expectations of $0.01 million. Equities analysts anticipate that TOCAGEN INC will post ($2.51) EPS for the current year.
A number of institutional investors have recently made changes to their positions in TOCA. TD Asset Management Inc. bought a new position in TOCAGEN INC in the 2nd quarter valued at $158,000. Schwab Charles Investment Management Inc. bought a new position in TOCAGEN INC in the 2nd quarter valued at $165,000. Alps Advisors Inc. bought a new position in TOCAGEN INC in the 2nd quarter valued at $215,000. Bank of New York Mellon Corp bought a new position in TOCAGEN INC in the 2nd quarter valued at $281,000. Finally, Victory Capital Management Inc. bought a new position in TOCAGEN INC in the 2nd quarter valued at $837,000. 37.87% of the stock is currently owned by institutional investors.
About TOCAGEN INC
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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