Genocea Biosciences, Inc. (GNCA) Downgraded to Sell at ValuEngine

Genocea Biosciences, Inc. (NASDAQ:GNCA) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday, August 1st.

Several other analysts have also recently issued reports on GNCA. Zacks Investment Research cut Genocea Biosciences from a “buy” rating to a “hold” rating in a research note on Tuesday, May 30th. Piper Jaffray Companies reiterated an “overweight” rating and set a $18.00 price target (up from $17.00) on shares of Genocea Biosciences in a research report on Tuesday, July 25th. Cowen and Company reiterated an “outperform” rating and set a $40.00 price target on shares of Genocea Biosciences in a research report on Tuesday, July 25th. Finally, Needham & Company LLC upgraded Genocea Biosciences from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Monday, July 24th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $16.52.

Genocea Biosciences (NASDAQ:GNCA) traded down 0.74% on Tuesday, reaching $4.01. The company had a trading volume of 134,991 shares. The firm’s market capitalization is $114.78 million. The stock has a 50 day moving average of $5.00 and a 200 day moving average of $5.50. Genocea Biosciences has a 12 month low of $3.28 and a 12 month high of $7.29.

Genocea Biosciences (NASDAQ:GNCA) last announced its quarterly earnings data on Wednesday, August 9th. The biotechnology company reported ($0.54) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.46) by $0.08. On average, analysts anticipate that Genocea Biosciences will post ($1.98) EPS for the current year.

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In other news, CFO Jonathan Poole sold 45,000 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $6.00, for a total transaction of $270,000.00. Following the sale, the chief financial officer now directly owns 84,247 shares in the company, valued at approximately $505,482. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.70% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new position in shares of Genocea Biosciences during the first quarter worth about $217,000. Keybank National Association OH acquired a new position in shares of Genocea Biosciences during the first quarter worth about $147,000. Ameriprise Financial Inc. raised its position in shares of Genocea Biosciences by 34.1% in the first quarter. Ameriprise Financial Inc. now owns 19,933 shares of the biotechnology company’s stock worth $121,000 after buying an additional 5,068 shares during the period. Segantii Capital Management Ltd acquired a new position in shares of Genocea Biosciences during the first quarter worth about $160,000. Finally, Northpointe Capital LLC raised its position in shares of Genocea Biosciences by 9.6% in the second quarter. Northpointe Capital LLC now owns 1,336,062 shares of the biotechnology company’s stock worth $6,974,000 after buying an additional 117,374 shares during the period. 55.20% of the stock is owned by institutional investors and hedge funds.

About Genocea Biosciences

Genocea Biosciences, Inc, is harnessing the power of T cell immunity to develop vaccines and immunotherapies company. The Company uses its discovery platform, AnTigen Lead Acquisition System (ATLAS), to design vaccines and immunotherapies that act, in part, through T cell (or cellular) immune responses.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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