BidaskClub Upgrades NewLink Genetics (NLNK) to “Hold”

NewLink Genetics (NASDAQ:NLNK) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

A number of other equities research analysts have also recently commented on NLNK. Zacks Investment Research cut NewLink Genetics from a “buy” rating to a “hold” rating in a research note on Thursday. ValuEngine cut NewLink Genetics from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 26th. Jefferies Group upgraded NewLink Genetics from a “hold” rating to a “buy” rating and lifted their target price for the stock from $7.00 to $26.00 in a research note on Friday, September 8th. Cantor Fitzgerald reiterated a “buy” rating and set a $26.00 target price on shares of NewLink Genetics in a research note on Monday, September 25th. Finally, Stifel Nicolaus lifted their target price on NewLink Genetics from $25.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $23.29.

NewLink Genetics (NASDAQ:NLNK) traded down $1.06 during midday trading on Friday, hitting $9.00. The stock had a trading volume of 1,843,328 shares, compared to its average volume of 731,002. NewLink Genetics has a 12 month low of $5.90 and a 12 month high of $25.17.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NLNK. Perceptive Advisors LLC bought a new stake in shares of NewLink Genetics during the 3rd quarter worth $4,581,000. Candriam Luxembourg S.C.A. raised its stake in NewLink Genetics by 337.3% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 328,000 shares of the biotechnology company’s stock valued at $3,339,000 after acquiring an additional 253,000 shares during the period. Ameriprise Financial Inc. raised its stake in NewLink Genetics by 207.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 311,927 shares of the biotechnology company’s stock valued at $3,176,000 after acquiring an additional 210,360 shares during the period. Point72 Asset Management L.P. bought a new stake in NewLink Genetics in the 3rd quarter valued at about $1,819,000. Finally, GSA Capital Partners LLP raised its stake in NewLink Genetics by 653.7% in the 3rd quarter. GSA Capital Partners LLP now owns 132,154 shares of the biotechnology company’s stock valued at $1,345,000 after acquiring an additional 114,620 shares during the period. Institutional investors own 52.63% of the company’s stock.

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NewLink Genetics Company Profile

NewLink Genetics Corporation is a clinical-stage immuno-oncology company focused on discovering, developing and commercializing immunotherapeutic products for the treatment of cancer. The Company’s portfolio includes biologic and small-molecule immunotherapy product candidates for a range of oncology indications.

Analyst Recommendations for NewLink Genetics (NASDAQ:NLNK)

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