Advaxis’ (ADXS) “Buy” Rating Reiterated at HC Wainwright
HC Wainwright restated their buy rating on shares of Advaxis (NASDAQ:ADXS) in a research note released on Wednesday morning, The Fly reports.
Separately, Jefferies Financial Group downgraded Advaxis from a buy rating to a hold rating and reduced their price target for the stock from $9.00 to $2.00 in a research report on Wednesday, June 13th.
Shares of ADXS stock opened at $0.81 on Wednesday. Advaxis has a 12-month low of $0.77 and a 12-month high of $5.20.
Several hedge funds have recently modified their holdings of ADXS. BlackRock Inc. increased its position in shares of Advaxis by 28.2% during the first quarter. BlackRock Inc. now owns 2,925,417 shares of the biotechnology company’s stock worth $4,943,000 after purchasing an additional 644,201 shares in the last quarter. DAFNA Capital Management LLC increased its position in shares of Advaxis by 182.2% during the first quarter. DAFNA Capital Management LLC now owns 697,000 shares of the biotechnology company’s stock worth $1,178,000 after purchasing an additional 450,000 shares in the last quarter. Franklin Street Advisors Inc. NC acquired a new position in shares of Advaxis during the second quarter worth $190,000. LMR Partners LLP acquired a new position in shares of Advaxis during the second quarter worth $171,000. Finally, Paloma Partners Management Co acquired a new position in shares of Advaxis during the second quarter worth $265,000. 21.55% of the stock is currently owned by institutional investors and hedge funds.
Advaxis Company Profile
Advaxis, Inc, a clinical stage biotechnology company, focuses on the discovery, development, and commercialization of Listeria monocytogenes (Lm) technology based immunotherapies in the United States. It is developing Axalimogene filolisbac and ADXS-Dual that are Lm-LLO immunotherapy product candidates for the treatment of human papilloma virus associated cancers, including cervical, and head and neck cancers.
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