Genocea Biosciences Inc. (GNCA) Given Average Rating of “Buy” by Brokerages
Genocea Biosciences Inc. (NASDAQ:GNCA) has earned an average rating of “Buy” from the five analysts that are currently covering the stock. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $14.25.
A number of equities research analysts have recently issued reports on the stock. FBR & Co reissued an “outperform” rating and issued a $17.00 price target on shares of Genocea Biosciences in a report on Monday, November 14th. Zacks Investment Research raised shares of Genocea Biosciences from a “sell” rating to a “hold” rating in a report on Tuesday, November 8th. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price target on shares of Genocea Biosciences in a report on Thursday, November 3rd. Finally, Piper Jaffray Cos. lowered their price target on shares of Genocea Biosciences from $9.00 to $12.00 and set an “overweight” rating on the stock in a report on Thursday, September 29th.
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Large investors have recently made changes to their positions in the stock. Northern Trust Corp increased its stake in shares of Genocea Biosciences by 24.3% in the third quarter. Northern Trust Corp now owns 34,636 shares of the company’s stock worth $177,000 after buying an additional 6,763 shares in the last quarter. Northpointe Capital LLC increased its stake in shares of Genocea Biosciences by 90.2% in the third quarter. Northpointe Capital LLC now owns 1,438,286 shares of the company’s stock worth $7,364,000 after buying an additional 682,269 shares in the last quarter. Paloma Partners Management Co bought a new stake in shares of Genocea Biosciences during the second quarter worth $334,000. Alpine Partners VI LLC bought a new stake in shares of Genocea Biosciences during the second quarter worth $120,000. Finally, TFS Capital LLC bought a new stake in shares of Genocea Biosciences during the second quarter worth $133,000. 58.67% of the stock is currently owned by institutional investors and hedge funds.
Shares of Genocea Biosciences (NASDAQ:GNCA) opened at 4.32 on Tuesday. The firm’s 50-day moving average is $3.95 and its 200-day moving average is $4.43. The company’s market capitalization is $122.60 million. Genocea Biosciences has a 12-month low of $2.56 and a 12-month high of $8.07.
Genocea Biosciences (NASDAQ:GNCA) last announced its quarterly earnings results on Thursday, November 3rd. The company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.44) by $0.01. Genocea Biosciences had a negative return on equity of 57.92% and a negative net margin of 5,121.17%. On average, equities analysts predict that Genocea Biosciences will post ($1.64) EPS for the current year.
Genocea Biosciences Company Profile
Genocea Biosciences, Inc is a biopharmaceutical company. The Company discovers and develops vaccines and immunotherapies. It uses its discovery platform, AnTigen Lead Acquisition System (ATLAS), to design vaccines and immunotherapies that act, in part, through T cell (or cellular) immune responses. The Company operates through business of developing and commercializing vaccines segment.
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