Vascular Biogenics Ltd (VBLT) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of Vascular Biogenics Ltd (NASDAQ:VBLT) from a hold rating to a sell rating in a report released on Saturday.

According to Zacks, “Vascular Biogenics Ltd. is a clinical stage biotechnology company. It is focused on the discovery, development and commercialization of treatments for cancer and immune-inflammatory diseases. Its lead oncology candidate VB-111, is a gene-based biologic which is in Phase II clinical trials for the treatment of recurrent glioblastoma, an aggressive form of brain cancer. It is also developing VB-201, an oral small molecule that is in Phase II clinical trials for the treatment psoriasis and ulcerative colitis. Vascular Biogenics Ltd. is headquartered in Or Yehuda, Israel. “

VBLT has been the topic of several other research reports. Piper Jaffray Companies reaffirmed an overweight rating and set a $11.00 price objective on shares of Vascular Biogenics in a report on Tuesday, February 21st. Chardan Capital set a $20.00 price objective on Vascular Biogenics and gave the stock a buy rating in a report on Tuesday, November 29th. Finally, Roth Capital reaffirmed a buy rating and set a $17.00 price objective on shares of Vascular Biogenics in a report on Thursday, December 1st. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. Vascular Biogenics has an average rating of Buy and a consensus price target of $12.90.

Vascular Biogenics (NASDAQ:VBLT) traded up 4.81% on Friday, reaching $5.45. The company’s stock had a trading volume of 238,718 shares. The firm’s market capitalization is $146.62 million. The stock’s 50 day moving average is $5.58 and its 200-day moving average is $5.23. Vascular Biogenics has a 52 week low of $3.03 and a 52 week high of $7.58.

Vascular Biogenics (NASDAQ:VBLT) last announced its earnings results on Monday, March 27th. The biopharmaceutical company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.01. Analysts predict that Vascular Biogenics will post ($0.66) EPS for the current year.

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An institutional investor recently raised its position in Vascular Biogenics stock. Menta Capital LLC increased its position in shares of Vascular Biogenics Ltd (NASDAQ:VBLT) by 46.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,735 shares of the biopharmaceutical company’s stock after buying an additional 36,482 shares during the period. Menta Capital LLC owned approximately 0.43% of Vascular Biogenics worth $561,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 14.95% of the company’s stock.

Vascular Biogenics Company Profile

Vascular Biogenics Ltd. is a clinical-stage biopharmaceutical company. The Company is focused on the discovery, development and commercialization of treatments for cancer. The Company’s program is based on its Vascular Targeting System (VTS) platform technology, which utilizes genetically targeted therapy to destroy newly formed, or angiogenic, blood vessels.

5 Day Chart for NASDAQ:VBLT

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