Vical Inc. (VICL) Rating Lowered to Hold at Zacks Investment Research
Vical Inc. (NASDAQ:VICL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday.
According to Zacks, “Vical researches and develops biopharmaceutical products based on its patented DNA delivery technologies for the prevention and treatment of serious or life-threatening diseases. Potential applications of the company’s DNA delivery technology include DNA vaccines for infectious diseases or cancer, in which the expressed protein is an immunogen; cancer immunotherapeutics, in which the expressed protein is an immune system stimulant; and cardiovascular therapies, in which the expressed protein is an angiogenic growth factor. The company is developing certain infectious disease vaccines and cancer therapeutics internally. In addition, the company collaborates with major pharmaceutical companies and biotechnology companies that give it access to complementary technologies or greater resources. These strategic partnerships provide the company with mutually beneficial opportunities to expand its product pipeline and address significant unmet medical needs. “
Separately, HC Wainwright reiterated a “buy” rating and set a $8.00 price target (down from $11.00) on shares of Vical in a report on Thursday, September 22nd.
Vical (NASDAQ:VICL) opened at 3.01 on Wednesday. The company’s market capitalization is $27.71 million. The company’s 50-day moving average price is $3.42 and its 200 day moving average price is $3.97. Vical has a 52 week low of $2.80 and a 52 week high of $5.40.
Vical (NASDAQ:VICL) last announced its quarterly earnings results on Tuesday, August 9th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.14. The business earned $4.10 million during the quarter, compared to analyst estimates of $4.50 million. Vical had a negative return on equity of 14.18% and a negative net margin of 30.81%. On average, equities research analysts anticipate that Vical will post ($0.86) EPS for the current year.
Large investors have recently bought and sold shares of the company. BlackRock Fund Advisors raised its stake 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. Eagle Global Advisors LLC bought a new stake in Vical during the second quarter valued at $178,000. ClariVest Asset Management LLC bought a new stake in Vical during the second quarter valued at $208,000. Finally, Renaissance Technologies LLC raised its stake 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. Hedge funds and other institutional investors own 31.48% of the company’s stock.
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