Dynavax Technologies Corporation (DVAX) Insider Robert Coffman Sells 7,500 Shares
Dynavax Technologies Corporation (NASDAQ:DVAX) insider Robert Coffman sold 7,500 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $18.90, for a total transaction of $141,750.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Dynavax Technologies Corporation (NASDAQ DVAX) traded up $0.50 during mid-day trading on Friday, reaching $19.25. 3,512,507 shares of the company were exchanged, compared to its average volume of 1,249,331. Dynavax Technologies Corporation has a fifty-two week low of $3.70 and a fifty-two week high of $24.45.
Dynavax Technologies (NASDAQ:DVAX) last announced its earnings results on Friday, November 3rd. The biopharmaceutical company reported ($0.38) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.53) by $0.15. Dynavax Technologies had a negative net margin of 1,177.60% and a negative return on equity of 65.97%. The business had revenue of $0.05 million for the quarter, compared to analyst estimates of $0.28 million. During the same quarter in the previous year, the firm posted ($0.90) earnings per share. Dynavax Technologies’s revenue was down 68.8% compared to the same quarter last year. analysts expect that Dynavax Technologies Corporation will post -1.72 EPS for the current fiscal year.
A number of equities analysts recently issued reports on DVAX shares. Cowen reaffirmed a “buy” rating and set a $30.00 target price on shares of Dynavax Technologies in a research report on Friday, November 3rd. Royal Bank of Canada reaffirmed a “buy” rating and set a $26.00 target price on shares of Dynavax Technologies in a research report on Friday, September 1st. BidaskClub lowered shares of Dynavax Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. ValuEngine raised shares of Dynavax Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, September 7th. Finally, Cantor Fitzgerald started coverage on shares of Dynavax Technologies in a research report on Friday, September 15th. They set an “overweight” rating and a $24.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $25.17.
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Dynavax Technologies Company Profile
Dynavax Technologies Corporation is a clinical-stage immunotherapy company. The Company is focused on leveraging the body’s innate and adaptive immune responses through toll-like receptor (TLR) stimulation. Its product candidates are being investigated for use in multiple cancer indications, as a vaccine for the prevention of hepatitis B and as a disease modifying therapy for asthma.
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