Virnetx (NASDAQ:VHC) Raised to “Sell” at Wall Street Zen

Virnetx (NASDAQ:VHC) was upgraded by investment analysts at Wall Street Zen to a “sell” rating in a note issued to investors on Sunday.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Virnetx in a research report on Thursday, June 18th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Virnetx presently has an average rating of “Sell”.

Virnetx Price Performance

Shares of Virnetx stock traded down $0.08 on Friday, hitting $10.28. The company had a trading volume of 11,801 shares, compared to its average volume of 26,944. Virnetx has a 1 year low of $9.82 and a 1 year high of $29.00. The stock’s 50 day simple moving average is $13.27. The firm has a market capitalization of $43.07 million, a PE ratio of -1.99 and a beta of 2.29.

Virnetx (NASDAQ:VHC) last announced its quarterly earnings results on Friday, May 15th. The company reported ($1.16) earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Virnetx

Large investors have recently modified their holdings of the business. JPMorgan Chase & Co. raised its position in shares of Virnetx by 9,676.5% in the third quarter. JPMorgan Chase & Co. now owns 4,986 shares of the company’s stock valued at $85,000 after purchasing an additional 4,935 shares during the period. State Street Corp boosted its holdings in Virnetx by 21.9% in the 4th quarter. State Street Corp now owns 14,447 shares of the company’s stock worth $241,000 after buying an additional 2,600 shares during the period. HighTower Advisors LLC grew its stake in Virnetx by 3.1% in the 4th quarter. HighTower Advisors LLC now owns 20,571 shares of the company’s stock valued at $343,000 after buying an additional 625 shares in the last quarter. Geode Capital Management LLC grew its stake in Virnetx by 4.2% in the 2nd quarter. Geode Capital Management LLC now owns 32,357 shares of the company’s stock valued at $351,000 after buying an additional 1,318 shares in the last quarter. Finally, Csenge Advisory Group raised its holdings in Virnetx by 13.8% during the 4th quarter. Csenge Advisory Group now owns 68,243 shares of the company’s stock valued at $1,139,000 after acquiring an additional 8,275 shares during the period. Hedge funds and other institutional investors own 10.37% of the company’s stock.

Virnetx Company Profile

VirnetX Holding Corp. is a U.S.-based technology company focused on secure communications and network security technologies. The company develops, owns and licenses intellectual property covering methods and systems for encrypted communications, virtual private networks and secure domain name resolution. VirnetX’s work centers on technologies designed to protect data in transit and enable private, authenticated connections across public networks.

VirnetX’s offerings are primarily deployed through licensing arrangements and technology integrations rather than through mass-market consumer products.