Vanda Pharmaceuticals (NASDAQ:VNDA)‘s stock had its “buy” rating reissued by investment analysts at Oppenheimer in a research note issued to investors on Thursday.

Several other brokerages also recently commented on VNDA. BidaskClub downgraded Vanda Pharmaceuticals from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 17th. Jefferies Group reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Vanda Pharmaceuticals in a research report on Tuesday, February 13th. Seaport Global Securities reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Vanda Pharmaceuticals in a research report on Wednesday, February 28th. Finally, ValuEngine raised Vanda Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $21.57.

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Vanda Pharmaceuticals stock traded up $0.07 during midday trading on Thursday, hitting $17.02. The stock had a trading volume of 81,846 shares, compared to its average volume of 715,245. The company has a market cap of $852.40, a P/E ratio of -50.06 and a beta of 1.02. Vanda Pharmaceuticals has a 52-week low of $11.90 and a 52-week high of $20.40.

Vanda Pharmaceuticals (NASDAQ:VNDA) last released its earnings results on Wednesday, February 14th. The biopharmaceutical company reported ($0.04) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.08. The firm had revenue of $44.28 million for the quarter, compared to the consensus estimate of $44.00 million. Vanda Pharmaceuticals had a negative return on equity of 11.94% and a negative net margin of 9.43%. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS. equities analysts forecast that Vanda Pharmaceuticals will post -0.13 earnings per share for the current fiscal year.

In other Vanda Pharmaceuticals news, CFO James Patrick Kelly sold 8,532 shares of the company’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $18.72, for a total value of $159,719.04. Following the completion of the sale, the chief financial officer now directly owns 208,066 shares in the company, valued at approximately $3,894,995.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Gunther Birznieks sold 8,568 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $15.26, for a total value of $130,747.68. Following the completion of the sale, the senior vice president now owns 118,366 shares of the company’s stock, valued at $1,806,265.16. The disclosure for this sale can be found here. Insiders sold a total of 287,506 shares of company stock valued at $4,665,795 over the last quarter. Company insiders own 7.60% of the company’s stock.

Several hedge funds have recently modified their holdings of VNDA. MetLife Investment Advisors LLC purchased a new stake in shares of Vanda Pharmaceuticals during the 4th quarter worth $308,000. Metropolitan Life Insurance Co. NY acquired a new stake in Vanda Pharmaceuticals during the fourth quarter worth about $221,000. Macquarie Group Ltd. grew its holdings in Vanda Pharmaceuticals by 20.0% during the fourth quarter. Macquarie Group Ltd. now owns 2,268,691 shares of the biopharmaceutical company’s stock worth $34,484,000 after acquiring an additional 378,606 shares during the period. TIAA CREF Investment Management LLC grew its holdings in Vanda Pharmaceuticals by 5.1% during the fourth quarter. TIAA CREF Investment Management LLC now owns 446,482 shares of the biopharmaceutical company’s stock worth $6,787,000 after acquiring an additional 21,595 shares during the period. Finally, Teachers Advisors LLC grew its holdings in Vanda Pharmaceuticals by 0.8% during the fourth quarter. Teachers Advisors LLC now owns 702,028 shares of the biopharmaceutical company’s stock worth $10,671,000 after acquiring an additional 5,690 shares during the period. Institutional investors and hedge funds own 89.96% of the company’s stock.

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Vanda Pharmaceuticals Company Profile

Vanda Pharmaceuticals Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of therapies to address unmet medical needs. Its product portfolio includes HETLIOZ (tasimelteon), Fanapt (iloperidone), Tradipitant (VLY-686), Trichostatin A and AQW051. It offers HETLIOZ for the treatment of Non-24-Hour Sleep-Wake Disorder (Non-24).

Analyst Recommendations for Vanda Pharmaceuticals (NASDAQ:VNDA)

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