NewLink Genetics Corporation (NLNK) Earns Buy Rating from Cantor Fitzgerald
NewLink Genetics Corporation (NASDAQ:NLNK)‘s stock had its “buy” rating reaffirmed by research analysts at Cantor Fitzgerald in a research note issued on Friday. They presently have a $26.00 price objective on the biotechnology company’s stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 47.14% from the company’s current price.
The analysts wrote, “Incremental Data Points in the Right Direction. Updated data from the Phase I/II trial in advanced melanoma (excluding ocular melanoma), showed improving complete responses (CRs) to 20% vs. 12% reported at six months. The overall response rate (ORR) and disease control rate (DCR) were stable at 61% and 80%, respectively, vs. 59% and 80% at six months.””
Several other research firms have also recently weighed in on NLNK. Robert W. Baird reissued an “outperform” rating and issued a $25.00 price objective on shares of NewLink Genetics Corporation in a research report on Monday, June 5th. ValuEngine raised NewLink Genetics Corporation from a “sell” rating to a “hold” rating in a research report on Friday, May 19th. Zacks Investment Research cut NewLink Genetics Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $18.00 price objective on shares of NewLink Genetics Corporation in a research report on Monday, May 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. NewLink Genetics Corporation has an average rating of “Buy” and an average target price of $24.17.
NewLink Genetics Corporation (NASDAQ NLNK) traded down 6.8715% during midday trading on Friday, reaching $16.4558. The company had a trading volume of 7,547,167 shares. NewLink Genetics Corporation has a 12-month low of $5.90 and a 12-month high of $25.17. The stock’s 50 day moving average is $7.52 and its 200 day moving average is $12.82. The firm’s market capitalization is $484.15 million.
NewLink Genetics Corporation (NASDAQ:NLNK) last posted its quarterly earnings data on Friday, July 28th. The biotechnology company reported ($0.57) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.78) by $0.21. NewLink Genetics Corporation had a negative return on equity of 55.03% and a negative net margin of 161.94%. The business had revenue of $10.37 million for the quarter, compared to analysts’ expectations of $2.65 million. Equities research analysts expect that NewLink Genetics Corporation will post ($2.82) earnings per share for the current year.
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Institutional investors and hedge funds have recently modified their holdings of the business. First Mercantile Trust Co. bought a new stake in shares of NewLink Genetics Corporation in the first quarter valued at $143,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of NewLink Genetics Corporation in the first quarter valued at $145,000. Brandes Investment Partners LP bought a new stake in shares of NewLink Genetics Corporation in the first quarter valued at $221,000. UBS Asset Management Americas Inc. bought a new stake in shares of NewLink Genetics Corporation in the first quarter valued at $297,000. Finally, Teza Capital Management LLC bought a new stake in shares of NewLink Genetics Corporation in the first quarter valued at $312,000. Hedge funds and other institutional investors own 54.78% of the company’s stock.
NewLink Genetics Corporation Company Profile
NewLink Genetics Corporation is a clinical-stage immuno-oncology company focused on discovering, developing and commercializing immunotherapeutic products for the treatment of cancer. The Company’s portfolio includes biologic and small-molecule immunotherapy product candidates for a range of oncology indications.
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