Piper Jaffray Companies Reaffirms “Overweight” Rating for Genocea Biosciences, Inc. (GNCA)

Piper Jaffray Companies restated their overweight rating on shares of Genocea Biosciences, Inc. (NASDAQ:GNCA) in a research note issued to investors on Thursday, The Fly reports. They currently have a $5.00 price target on the biotechnology company’s stock.

Other research analysts also recently issued reports about the stock. Needham & Company LLC raised shares of Genocea Biosciences from a hold rating to a buy rating and set a $12.00 target price on the stock in a research note on Monday, July 24th. Cowen and Company reissued a buy rating and set a $10.00 price objective on shares of Genocea Biosciences in a research report on Tuesday, September 26th. Zacks Investment Research raised shares of Genocea Biosciences from a hold rating to a buy rating and set a $1.75 price objective on the stock in a research report on Monday, October 16th. Stifel Nicolaus downgraded shares of Genocea Biosciences from a buy rating to a hold rating and reduced their price objective for the company from $15.00 to $2.50 in a research report on Monday, September 25th. Finally, ValuEngine raised shares of Genocea Biosciences from a sell rating to a hold rating in a research report on Monday, July 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. Genocea Biosciences presently has an average rating of Buy and an average price target of $7.62.

Shares of Genocea Biosciences (GNCA) traded up $0.22 during midday trading on Thursday, hitting $1.27. 1,348,165 shares of the company traded hands, compared to its average volume of 818,334. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.56. Genocea Biosciences has a 12 month low of $1.04 and a 12 month high of $7.29.

Genocea Biosciences (NASDAQ:GNCA) last issued its earnings results on Thursday, November 2nd. The biotechnology company reported ($0.59) EPS for the quarter, missing the consensus estimate of ($0.51) by ($0.08). During the same period in the prior year, the firm earned ($0.45) EPS. analysts anticipate that Genocea Biosciences will post -1.9 earnings per share for the current fiscal year.

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Institutional investors have recently modified their holdings of the business. GSA Capital Partners LLP bought a new stake in shares of Genocea Biosciences during the 2nd quarter valued at $100,000. Ameriprise Financial Inc. boosted its holdings in shares of Genocea Biosciences by 11.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 22,233 shares of the biotechnology company’s stock valued at $119,000 after buying an additional 2,300 shares in the last quarter. State of Wisconsin Investment Board bought a new stake in shares of Genocea Biosciences during the 2nd quarter valued at $125,000. Rhumbline Advisers bought a new stake in shares of Genocea Biosciences during the 2nd quarter valued at $157,000. Finally, New York State Common Retirement Fund bought a new stake in shares of Genocea Biosciences during the 2nd quarter valued at $159,000. 57.53% of the stock is currently 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.

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