Tocagen Inc (TOCA) Raised to Hold at Zacks Investment Research
Tocagen Inc (NASDAQ:TOCA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.
According to Zacks, “Tocagen, Inc. is a clinical-stage, cancer-selective gene therapy company which focuses on retroviral gene therapy platforms. The company’s lead product candidate consists of Toca 511 & Toca FC, initially for the treatment of recurrent high grade glioma, a disease with a significant unmet medical need. Tocagen, Inc. is based in San Diego, United States. “
Separately, Stifel Nicolaus reaffirmed a “buy” rating and set a $24.00 price objective on shares of Tocagen in a research report on Tuesday, July 25th.
Tocagen (NASDAQ:TOCA) opened at 12.49 on Thursday. Tocagen has a 52-week low of $9.68 and a 52-week high of $17.95. The company’s market capitalization is $247.41 million. The company has a 50 day moving average of $12.13 and a 200 day moving average of $13.43.
Tocagen (NASDAQ:TOCA) last posted its quarterly earnings data on Wednesday, August 9th. The company reported ($0.56) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.52) by ($0.04). The firm had revenue of $0.01 million during the quarter, compared to analysts’ expectations of $0.01 million. On average, equities research analysts forecast that Tocagen will post ($2.51) earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of TOCA. EcoR1 Capital LLC purchased a new position in Tocagen in the 2nd quarter worth approximately $18,074,000. FMR LLC purchased a new position in Tocagen in the 2nd quarter worth approximately $9,624,000. Vanguard Group Inc. purchased a new position in Tocagen in the 2nd quarter worth approximately $5,036,000. JPMorgan Chase & Co. purchased a new position in Tocagen in the 2nd quarter worth approximately $4,960,000. Finally, Nicholas Investment Partners LP purchased a new position in Tocagen in the 2nd quarter worth approximately $228,000. 37.87% of the stock is currently owned by institutional investors.
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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