Cowen and Company reissued their buy rating on shares of Dynavax Technologies Corporation (NASDAQ:DVAX) in a research note issued to investors on Friday. Cowen and Company currently has a $45.00 target price on the biopharmaceutical company’s stock.
“DVAX announced that it will undergo corporate restructuring, resulting in an ~40%.”,” the firm’s analyst commented.
Several other analysts also recently commented on DVAX. RBC Capital Markets set a $4.00 target price on shares of Dynavax Technologies Corporation and gave the stock a hold rating in a report on Monday, November 14th. Zacks Investment Research downgraded shares of Dynavax Technologies Corporation from a hold rating to a sell rating in a report on Thursday, November 10th. Finally, William Blair reaffirmed an outperform rating and set a $17.00 target price (down previously from $45.00) on shares of Dynavax Technologies Corporation in a report on Saturday, November 19th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Dynavax Technologies Corporation presently has an average rating of Hold and a consensus price target of $20.14.
Shares of Dynavax Technologies Corporation (NASDAQ:DVAX) traded down 2.33% on Friday, reaching $4.20. The company had a trading volume of 660,651 shares. The stock’s market capitalization is $161.81 million. The company has a 50 day moving average price of $4.45 and a 200 day moving average price of $10.88. Dynavax Technologies Corporation has a 52-week low of $3.20 and a 52-week high of $29.86.
Dynavax Technologies Corporation (NASDAQ:DVAX) last announced its earnings results on Monday, November 7th. The biopharmaceutical company reported ($0.90) EPS for the quarter, missing the consensus estimate of ($0.75) by $0.15. The company had revenue of $0.20 million for the quarter, compared to the consensus estimate of $2.44 million. Dynavax Technologies Corporation had a negative return on equity of 78.57% and a negative net margin of 2,650.25%. The business’s quarterly revenue was down 83.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.82) EPS. On average, equities research analysts anticipate that Dynavax Technologies Corporation will post ($3.21) earnings per share for the current year.
Hedge funds have recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new stake in shares of Dynavax Technologies Corporation during the second quarter worth $107,000. Quantbot Technologies LP purchased a new stake in shares of Dynavax Technologies Corporation during the third quarter worth $102,000. Rathbone Brothers plc purchased a new stake in shares of Dynavax Technologies Corporation during the third quarter worth $105,000. Two Sigma Securities LLC purchased a new stake in shares of Dynavax Technologies Corporation during the third quarter worth $115,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Dynavax Technologies Corporation during the third quarter worth $125,000. 82.27% of the stock is owned by institutional investors.
Dynavax Technologies Corporation Company Profile
Dynavax Technologies Corporation (Dynavax) is a clinical-stage biopharmaceutical company. The Company uses toll-like receptor (TLR) biology to discover and develop vaccines and therapeutics. Its development programs are focused on vaccines and cancer immunotherapy. The Company’s lead vaccine product candidate is HEPLISAV-B, an investigational adult hepatitis B vaccine, which combines its TLR9 agonist adjuvant and recombinant hepatitis B surface antigen (rHBsAg).
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