Vanda Pharmaceuticals Inc. (VNDA) PT Set at $23.00 by Piper Jaffray Companies
Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) received a $23.00 price target from investment analysts at Piper Jaffray Companies in a report issued on Thursday. The firm presently has a “buy” rating on the biopharmaceutical company’s stock. Piper Jaffray Companies’ price target points to a potential upside of 43.75% from the company’s previous close.
Other equities research analysts have also issued research reports about the stock. HC Wainwright set a $18.00 price objective on shares of Vanda Pharmaceuticals and gave the company a “buy” rating in a report on Thursday. Oppenheimer Holdings, Inc. set a $21.00 price objective on shares of Vanda Pharmaceuticals and gave the company a “buy” rating in a report on Thursday. Jefferies Group LLC reissued a “buy” rating and issued a $21.00 price objective on shares of Vanda Pharmaceuticals in a report on Wednesday, April 12th. TheStreet raised shares of Vanda Pharmaceuticals from a “d+” rating to a “c-” rating in a report on Friday, May 12th. Finally, Zacks Investment Research raised shares of Vanda Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $21.22.
Shares of Vanda Pharmaceuticals (VNDA) traded down 3.61% during trading on Thursday, hitting $16.00. 534,501 shares of the company’s stock were exchanged. Vanda Pharmaceuticals has a 12-month low of $11.58 and a 12-month high of $18.00. The company has a 50-day moving average of $15.89 and a 200-day moving average of $14.60. The company’s market cap is $715.49 million.
Vanda Pharmaceuticals (NASDAQ:VNDA) last announced its quarterly earnings data on Wednesday, August 2nd. The biopharmaceutical company reported ($0.03) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.21) by $0.18. Vanda Pharmaceuticals had a negative net margin of 6.54% and a negative return on equity of 7.88%. The firm had revenue of $42.06 million during the quarter, compared to analyst estimates of $40.31 million. During the same quarter in the prior year, the firm posted $0.01 earnings per share. Vanda Pharmaceuticals’s quarterly revenue was up 16.7% on a year-over-year basis. On average, equities analysts expect that Vanda Pharmaceuticals will post ($0.61) earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently made changes to their positions in the company. Legal & General Group Plc raised its position in shares of Vanda Pharmaceuticals by 37.4% in the second quarter. Legal & General Group Plc now owns 11,105 shares of the biopharmaceutical company’s stock valued at $181,000 after buying an additional 3,022 shares during the period. Virginia Retirement Systems ET AL bought a new position in shares of Vanda Pharmaceuticals during the first quarter valued at $193,000. Capital Fund Management S.A. bought a new position in shares of Vanda Pharmaceuticals during the first quarter valued at $195,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Vanda Pharmaceuticals during the first quarter valued at $196,000. Finally, AQR Capital Management LLC bought a new position in shares of Vanda Pharmaceuticals during the fourth quarter valued at $223,000. 91.35% of the stock is owned by institutional investors.
Vanda Pharmaceuticals Company Profile
Vanda Pharmaceuticals Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of therapies to address unmet medical needs. Its product portfolio includes HETLIOZ (tasimelteon), Fanapt (iloperidone), Tradipitant (VLY-686), Trichostatin A and AQW051. It offers HETLIOZ for the treatment of Non-24-Hour Sleep-Wake Disorder (Non-24).
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