William Blair Reiterates Outperform Rating for Dynavax Technologies Corporation (NASDAQ:DVAX)
A number of other research firms also recently weighed in on DVAX. Royal Bank Of Canada set a $7.00 target price on Dynavax Technologies Corporation and gave the stock a hold rating in a research report on Wednesday, July 26th. Zacks Investment Research downgraded Dynavax Technologies Corporation from a buy rating to a hold rating in a research report on Tuesday, July 11th. Finally, ValuEngine downgraded Dynavax Technologies Corporation from a sell rating to a strong sell rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $23.67.
Dynavax Technologies Corporation (NASDAQ DVAX) traded up 72.97% on Thursday, reaching $16.00. The company had a trading volume of 21,723,800 shares. Dynavax Technologies Corporation has a 12 month low of $3.20 and a 12 month high of $17.50. The company’s market capitalization is $780.69 million. The company’s 50 day moving average price is $9.29 and its 200-day moving average price is $6.25.
Dynavax Technologies Corporation (NASDAQ:DVAX) last released its earnings results on Monday, May 8th. The biopharmaceutical company reported ($0.60) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.60). The company had revenue of $0.15 million during the quarter, compared to the consensus estimate of $0.75 million. Dynavax Technologies Corporation had a negative return on equity of 100.45% and a negative net margin of 1,080.18%. During the same quarter in the previous year, the company posted ($0.70) earnings per share. On average, equities analysts predict that Dynavax Technologies Corporation will post ($1.47) earnings per share for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale bought a new stake in Dynavax Technologies Corporation during the first quarter worth approximately $121,000. Bank of America Corp DE increased its stake in Dynavax Technologies Corporation by 2.3% in the first quarter. Bank of America Corp DE now owns 20,356 shares of the biopharmaceutical company’s stock worth $121,000 after buying an additional 456 shares in the last quarter. CAPROCK Group Inc. bought a new stake in Dynavax Technologies Corporation during the second quarter worth approximately $134,000. American International Group Inc. increased its stake in Dynavax Technologies Corporation by 7.1% in the first quarter. American International Group Inc. now owns 23,934 shares of the biopharmaceutical company’s stock worth $142,000 after buying an additional 1,584 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in Dynavax Technologies Corporation during the second quarter worth approximately $158,000. Institutional investors and hedge funds own 54.94% of the company’s stock.
Dynavax Technologies Corporation Company Profile
Dynavax Technologies Corporation is a clinical-stage immunotherapy company. The Company is focused on leveraging the body’s innate and adaptive immune responses through toll-like receptor (TLR) stimulation. Its product candidates are being investigated for use in multiple cancer indications, as a vaccine for the prevention of hepatitis B and as a disease modifying therapy for asthma.
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