Tocagen (TOCA) Lifted to Buy at BidaskClub

BidaskClub upgraded shares of Tocagen (NASDAQ:TOCA) from a hold rating to a buy rating in a research report sent to investors on Tuesday.

Separately, Zacks Investment Research downgraded Tocagen from a hold rating to a sell rating in a research note on Wednesday, September 27th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Tocagen currently has a consensus rating of Buy and a consensus price target of $23.67.

Shares of Tocagen (TOCA) traded up $0.31 during midday trading on Tuesday, reaching $13.94. The company’s stock had a trading volume of 195,600 shares, compared to its average volume of 182,853. Tocagen has a fifty-two week low of $8.60 and a fifty-two week high of $17.95. The company has a quick ratio of 6.03, a current ratio of 6.03 and a debt-to-equity ratio of 0.07.

Tocagen (NASDAQ:TOCA) last issued its earnings results on Wednesday, November 8th. The company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.48) by ($0.02). The business had revenue of $0.01 million during the quarter, compared to analyst estimates of $0.01 million. equities analysts forecast that Tocagen will post -2.66 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its stake in Tocagen by 52.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 630,375 shares of the company’s stock worth $7,886,000 after purchasing an additional 218,100 shares during the period. Goldman Sachs Group Inc. purchased a new stake in shares of Tocagen in the 2nd quarter valued at about $366,000. Bank of New York Mellon Corp purchased a new stake in shares of Tocagen in the 2nd quarter valued at about $281,000. Vanguard Group Inc. purchased a new stake in shares of Tocagen in the 2nd quarter valued at about $5,036,000. Finally, FMR LLC purchased a new stake in shares of Tocagen in the 2nd quarter valued at about $9,624,000. Institutional investors and hedge funds own 36.88% of the company’s stock.

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Tocagen Company Profile

Tocagen Inc (Tocagen) is a clinical-stage, cancer-selective gene therapy company. The Company is focused on developing product candidates designed to activate a patient’s immune system against their own cancer. Its cancer-selective gene therapy platform is built on retroviral replicating vectors (RRVs), which are designed to selectively deliver therapeutic genes into the deoxyribonucleic acid (DNA) of cancer cells.

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