Oppenheimer Holdings, Inc. reissued their buy rating on shares of Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) in a research report report published on Sunday morning. The brokerage currently has a $25.00 target price on the biopharmaceutical company’s stock. Oppenheimer Holdings also issued estimates for Vanda Pharmaceuticals’ Q3 2018 earnings at $0.00 EPS and Q4 2018 earnings at $0.04 EPS.

Other equities research analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Vanda Pharmaceuticals from a hold rating to a sell rating in a research note on Friday, August 11th. Piper Jaffray Companies upped their target price on shares of Vanda Pharmaceuticals from $23.00 to $26.00 and gave the company an overweight rating in a research note on Thursday, September 14th. Zacks Investment Research raised shares of Vanda Pharmaceuticals from a sell rating to a strong-buy rating and set a $18.00 target price for the company in a research note on Tuesday, August 8th. HC Wainwright set a $18.00 target price on shares of Vanda Pharmaceuticals and gave the company a buy rating in a research note on Thursday, August 3rd. Finally, ValuEngine downgraded shares of Vanda Pharmaceuticals from a hold rating to a sell rating in a research note on Thursday, November 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. Vanda Pharmaceuticals has a consensus rating of Buy and a consensus target price of $21.50.

Shares of Vanda Pharmaceuticals (NASDAQ VNDA) opened at $12.85 on Friday. Vanda Pharmaceuticals has a 12 month low of $11.90 and a 12 month high of $18.99.

Vanda Pharmaceuticals (NASDAQ:VNDA) last issued its earnings results on Tuesday, November 7th. The biopharmaceutical company reported ($0.10) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.10). Vanda Pharmaceuticals had a negative net margin of 9.01% and a negative return on equity of 10.99%. The firm had revenue of $41.30 million during the quarter, compared to the consensus estimate of $43.90 million. During the same quarter in the prior year, the firm earned ($0.01) earnings per share. The business’s quarterly revenue was up 7.3% on a year-over-year basis. analysts forecast that Vanda Pharmaceuticals will post -0.39 earnings per share for the current fiscal year.

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Several hedge funds have recently modified their holdings of the company. Cubist Systematic Strategies LLC increased its position in shares of Vanda Pharmaceuticals by 221.3% during the third quarter. Cubist Systematic Strategies LLC now owns 25,387 shares of the biopharmaceutical company’s stock worth $454,000 after acquiring an additional 17,485 shares in the last quarter. University of Notre Dame DU Lac bought a new stake in shares of Vanda Pharmaceuticals during the third quarter worth $2,824,000. Schwab Charles Investment Management Inc. increased its position in shares of Vanda Pharmaceuticals by 2.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 472,516 shares of the biopharmaceutical company’s stock worth $8,459,000 after acquiring an additional 11,647 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Vanda Pharmaceuticals by 112.2% during the third quarter. Wells Fargo & Company MN now owns 151,693 shares of the biopharmaceutical company’s stock worth $2,715,000 after acquiring an additional 80,209 shares in the last quarter. Finally, Cadence Capital Management LLC bought a new stake in shares of Vanda Pharmaceuticals during the third quarter worth $1,121,000. 87.28% of the stock is owned by institutional investors.

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).

Analyst Recommendations for Vanda Pharmaceuticals (NASDAQ:VNDA)

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