Vanda Pharmaceuticals’ (VNDA) “Buy” Rating Reiterated at Jefferies Group LLC
Jefferies Group LLC reiterated their buy rating on shares of Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) in a research report released on Tuesday. The brokerage currently has a $21.00 price target on the biopharmaceutical company’s stock. Jefferies Group also issued estimates for Vanda Pharmaceuticals’ FY2017 earnings at ($0.52) EPS, FY2018 earnings at ($0.33) EPS, FY2019 earnings at $1.39 EPS, FY2020 earnings at $1.31 EPS and FY2021 earnings at $1.73 EPS.
Other equities analysts have also recently issued research reports about the stock. HC Wainwright assumed coverage on shares of Vanda Pharmaceuticals in a research report on Friday, May 26th. They set a buy rating and a $18.00 target price for the company. Zacks Investment Research upgraded shares of Vanda Pharmaceuticals from a sell rating to a hold rating in a research report on Wednesday, June 14th. BidaskClub cut shares of Vanda Pharmaceuticals from a hold rating to a sell rating in a research report on Friday, August 11th. Piper Jaffray Companies set a $23.00 target price on shares of Vanda Pharmaceuticals and gave the stock a buy rating in a research report on Thursday, August 3rd. Finally, Oppenheimer Holdings, Inc. set a $21.00 target price on shares of Vanda Pharmaceuticals and gave the stock a buy rating in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Vanda Pharmaceuticals presently has an average rating of Buy and an average price target of $21.25.
Shares of Vanda Pharmaceuticals (NASDAQ VNDA) opened at 17.20 on Tuesday. The company’s 50-day moving average is $16.12 and its 200 day moving average is $14.96. The stock’s market cap is $771.56 million. Vanda Pharmaceuticals has a 52 week low of $12.70 and a 52 week high of $18.00.
Vanda Pharmaceuticals (NASDAQ:VNDA) last announced its earnings results on Wednesday, August 2nd. The biopharmaceutical company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.18. The company had revenue of $42.06 million during the quarter, compared to analysts’ expectations of $40.31 million. Vanda Pharmaceuticals had a negative net margin of 6.54% and a negative return on equity of 7.85%. The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.01 earnings per share. Analysts forecast that Vanda Pharmaceuticals will post ($0.47) earnings per share for the current fiscal year.
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Large investors have recently modified their holdings of the company. Teachers Advisors LLC increased its stake in shares of Vanda Pharmaceuticals by 1.0% in the first quarter. Teachers Advisors LLC now owns 535,861 shares of the biopharmaceutical company’s stock worth $7,502,000 after buying an additional 5,180 shares during the period. FMR LLC increased its stake in shares of Vanda Pharmaceuticals by 60.7% in the first quarter. FMR LLC now owns 1,601,171 shares of the biopharmaceutical company’s stock worth $22,416,000 after buying an additional 604,900 shares during the period. Spark Investment Management LLC increased its stake in shares of Vanda Pharmaceuticals by 316.1% in the first quarter. Spark Investment Management LLC now owns 198,500 shares of the biopharmaceutical company’s stock worth $2,779,000 after buying an additional 150,800 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Vanda Pharmaceuticals during the first quarter worth approximately $196,000. Finally, American International Group Inc. increased its stake in shares of Vanda Pharmaceuticals by 7.1% in the first quarter. American International Group Inc. now owns 22,563 shares of the biopharmaceutical company’s stock worth $316,000 after buying an additional 1,491 shares during the period. Institutional investors and hedge funds own 86.49% of the company’s stock.
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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