Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) was upgraded by analysts at TheStreet from a “d+” rating to a “c-” rating in a research report issued on Friday, May 12th.
Several other equities analysts also recently weighed in on the company. Zacks Investment Research downgraded Vanda Pharmaceuticals from a “hold” rating to a “sell” rating in a research report on Wednesday, January 18th. CIBC restated an “outperform” rating and issued a $21.00 target price on shares of Vanda Pharmaceuticals in a research report on Wednesday, April 12th. Jefferies Group LLC set a $21.00 target price on Vanda Pharmaceuticals and gave the company a “buy” rating in a research report on Thursday, February 2nd. Finally, Oppenheimer Holdings, Inc. assumed coverage on Vanda Pharmaceuticals in a research report on Wednesday, April 12th. They set an “outperform” rating and a $21.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $20.78.
Shares of Vanda Pharmaceuticals (NASDAQ:VNDA) remained flat at $13.75 during mid-day trading on Friday. The company had a trading volume of 519,587 shares. The company’s market capitalization is $612.59 million. Vanda Pharmaceuticals has a 52-week low of $10.42 and a 52-week high of $18.00. The stock’s 50 day moving average price is $14.17 and its 200 day moving average price is $14.50.
Vanda Pharmaceuticals (NASDAQ:VNDA) last released its earnings results on Tuesday, May 2nd. The biopharmaceutical company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.13) by $0.04. The firm had revenue of $37.42 million during the quarter, compared to analysts’ expectations of $38.35 million. Vanda Pharmaceuticals had a negative net margin of 8.85% and a negative return on equity of 10.42%. On average, equities analysts expect that Vanda Pharmaceuticals will post ($0.70) earnings per share for the current year.
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Institutional investors have recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Vanda Pharmaceuticals by 1.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 20,191 shares of the biopharmaceutical company’s stock worth $322,000 after buying an additional 191 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Vanda Pharmaceuticals by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 45,562 shares of the biopharmaceutical company’s stock valued at $638,000 after buying an additional 541 shares during the period. Rice Hall James & Associates LLC boosted its stake in Vanda Pharmaceuticals by 2.7% in the first quarter. Rice Hall James & Associates LLC now owns 27,624 shares of the biopharmaceutical company’s stock valued at $387,000 after buying an additional 739 shares during the period. American International Group Inc. boosted its stake in Vanda Pharmaceuticals by 7.1% in the first quarter. American International Group Inc. now owns 22,563 shares of the biopharmaceutical company’s stock valued at $316,000 after buying an additional 1,491 shares during the period. Finally, Tudor Investment Corp Et Al boosted its stake in Vanda Pharmaceuticals by 3.3% in the fourth quarter. Tudor Investment Corp Et Al now owns 50,547 shares of the biopharmaceutical company’s stock valued at $806,000 after buying an additional 1,594 shares during the period. Hedge funds and other institutional investors own 93.57% of the company’s stock.
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).
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