Tocagen (TOCA) Downgraded to “Hold” at BidaskClub
BidaskClub cut shares of Tocagen (NASDAQ:TOCA) from a buy rating to a hold rating in a report published on Wednesday.
Separately, Zacks Investment Research cut shares of Tocagen from a hold rating to a sell rating in a research note on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $23.67.
Tocagen (TOCA) opened at $12.48 on Wednesday. Tocagen has a fifty-two week low of $8.60 and a fifty-two week high of $17.95. The company has a debt-to-equity ratio of 0.07, a current ratio of 6.03 and a quick ratio of 6.03. The firm has a market cap of $247.22 and a P/E ratio of -6.24.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Dowling & Yahnke LLC acquired a new stake in shares of Tocagen during the 4th quarter worth approximately $169,000. Blankinship & Foster LLC acquired a new stake in shares of Tocagen during the 4th quarter worth approximately $412,000. Schwab Charles Investment Management Inc. grew its stake in shares of Tocagen by 118.2% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 29,900 shares of the company’s stock worth $307,000 after purchasing an additional 16,200 shares during the period. Pure Financial Advisors Inc. acquired a new stake in shares of Tocagen during the 4th quarter worth approximately $1,324,000. Finally, Granahan Investment Management Inc. MA acquired a new stake in shares of Tocagen during the 3rd quarter worth approximately $392,000. 36.96% of the stock is currently owned by institutional investors and hedge funds.
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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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