NewLink Genetics Corporation (NLNK) Research Coverage Started at Bank of America Corporation
Equities research analysts at Bank of America Corporation began coverage on shares of NewLink Genetics Corporation (NASDAQ:NLNK) in a research note issued on Friday. The brokerage set a “buy” rating on the biotechnology company’s stock.
Several other equities research analysts also recently commented on NLNK. Zacks Investment Research downgraded NewLink Genetics Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Jefferies Group LLC reiterated a “hold” rating and issued a $7.00 price objective on shares of NewLink Genetics Corporation in a report on Friday, July 14th. Cantor Fitzgerald set a $26.00 price objective on NewLink Genetics Corporation and gave the stock a “buy” rating in a report on Friday, July 28th. ValuEngine downgraded NewLink Genetics Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Finally, Robert W. Baird upgraded NewLink Genetics Corporation from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $8.00 to $22.00 in a report on Friday, September 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $26.60.
NewLink Genetics Corporation (NASDAQ:NLNK) opened at 11.25 on Friday. The stock’s market capitalization is $330.99 million. NewLink Genetics Corporation has a one year low of $5.90 and a one year high of $25.17. The company has a 50 day moving average of $10.67 and a 200-day moving average of $11.52.
NewLink Genetics Corporation (NASDAQ:NLNK) last released its quarterly earnings data on Friday, July 28th. The biotechnology company reported ($0.57) EPS for the quarter, topping the 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 company had revenue of $10.37 million during the quarter, compared to the consensus estimate of $2.65 million. Equities research analysts predict that NewLink Genetics Corporation will post ($2.82) earnings per share for the current fiscal year.
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In other news, major shareholder Stine Seed Farm, Inc. purchased 780,487 shares of the business’s stock in a transaction on Friday, October 6th. The stock was acquired at an average cost of $10.25 per share, for a total transaction of $7,999,991.75. Following the purchase, the insider now directly owns 7,857,732 shares in the company, valued at approximately $80,541,753. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 13.70% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. UBS Asset Management Americas Inc. bought a new stake in shares of NewLink Genetics Corporation during the 1st quarter valued at about $297,000. Gotham Asset Management LLC bought a new stake in shares of NewLink Genetics Corporation during the 1st quarter valued at about $313,000. American International Group Inc. grew its stake in shares of NewLink Genetics Corporation by 7.1% during the 1st quarter. American International Group Inc. now owns 13,321 shares of the biotechnology company’s stock valued at $321,000 after purchasing an additional 880 shares during the period. State of Wisconsin Investment Board bought a new stake in shares of NewLink Genetics Corporation during the 2nd quarter valued at about $125,000. Finally, Advisor Group Inc. grew its stake in shares of NewLink Genetics Corporation by 3.4% during the 2nd quarter. Advisor Group Inc. now owns 18,082 shares of the biotechnology company’s stock valued at $133,000 after purchasing an additional 600 shares during the period. Institutional investors and hedge funds own 54.77% 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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