Vical Inc. (VICL) Rating Reiterated by HC Wainwright
Vical Inc. (NASDAQ:VICL)‘s stock had its “buy” rating restated by research analysts at HC Wainwright in a report issued on Thursday. They presently have a $8.00 target price on the stock, down from their previous target price of $11.00. HC Wainwright’s price objective indicates a potential upside of 153.98% from the stock’s previous close.
Separately, Zacks Investment Research upgraded shares of Vical from a “hold” rating to a “buy” rating and set a $3.50 target price on the stock in a research report on Wednesday.
Shares of Vical (NASDAQ:VICL) traded up 1.59% on Thursday, reaching $3.20. 21,627 shares of the company’s stock traded hands. Vical has a 52 week low of $2.80 and a 52 week high of $5.40. The stock’s market capitalization is $29.46 million. The stock’s 50-day moving average price is $3.96 and its 200-day moving average price is $4.08.
Vical (NASDAQ:VICL) last issued its earnings results on Tuesday, August 9th. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.28) by $0.14. The company had revenue of $4.10 million for the quarter, compared to analyst estimates of $4.50 million. Vical had a negative net margin of 30.81% and a negative return on equity of 14.18%. Equities analysts predict that Vical will post ($0.86) EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its position in Vical by 29.8% in the first quarter. Renaissance Technologies LLC now owns 2,073,599 shares of the company’s stock valued at $811,000 after buying an additional 476,499 shares during the period. ClariVest Asset Management LLC purchased a new position in Vical during the second quarter valued at about $208,000. BlackRock Fund Advisors increased its position in Vical by 32.5% in the second quarter. BlackRock Fund Advisors now owns 23,459 shares of the company’s stock valued at $106,000 after buying an additional 5,750 shares during the period. Finally, Eagle Global Advisors LLC purchased a new position in Vical during the second quarter valued at about $178,000. 31.48% of the stock is owned by institutional investors and hedge funds.
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