TOCAGEN INC (TOCA) Rating Increased to Hold at Zacks Investment Research
Zacks Investment Research upgraded shares of TOCAGEN INC (NASDAQ:TOCA) from a sell rating to a hold rating in a research note published on Tuesday.
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. “
A number of other equities analysts also recently commented on the company. Stifel Nicolaus restated a buy rating and issued a $24.00 target price on shares of TOCAGEN INC in a research note on Tuesday, July 25th. Leerink Swann began coverage on TOCAGEN INC in a research note on Monday, May 15th. They issued a mkt perform rating and a $19.00 target price for the company. Finally, Evercore ISI restated an outperform rating and issued a $28.00 target price on shares of TOCAGEN INC in a research note on Tuesday, May 9th.
Shares of TOCAGEN INC (NASDAQ:TOCA) opened at 13.79 on Tuesday. The stock’s market capitalization is $273.17 million. The firm’s 50-day moving average price is $11.64 and its 200 day moving average price is $13.46. TOCAGEN INC has a 1-year low of $9.68 and a 1-year high of $17.95.
TOCAGEN INC (NASDAQ:TOCA) last issued its earnings results on Wednesday, August 9th. The company reported ($0.56) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.52) by $0.04. The business had revenue of $0.01 million during the quarter, compared to the consensus estimate of $0.01 million. Analysts expect that TOCAGEN INC will post ($2.51) EPS for the current fiscal year.
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Several large investors have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund acquired a new stake in TOCAGEN INC during the second quarter worth $108,000. TD Asset Management Inc. acquired a new stake in TOCAGEN INC during the second quarter worth $158,000. Schwab Charles Investment Management Inc. acquired a new stake in TOCAGEN INC during the second quarter worth $165,000. California State Teachers Retirement System acquired a new stake in TOCAGEN INC during the second quarter worth $179,000. Finally, Teachers Advisors LLC acquired a new stake in TOCAGEN INC during the second quarter worth $181,000. 37.87% of the stock is currently owned by institutional investors.
TOCAGEN INC 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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