Inovio Pharmaceuticals (NASDAQ:INO) has been assigned a $13.00 price objective by investment analysts at HC Wainwright in a research note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the biopharmaceutical company’s stock. HC Wainwright’s target price points to a potential upside of 155.40% from the stock’s current price.
A number of other equities analysts have also issued reports on INO. Citigroup assumed coverage on shares of Inovio Pharmaceuticals in a research report on Friday, October 6th. They set a “buy” rating and a $10.00 target price on the stock. Zacks Investment Research lowered shares of Inovio Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. BidaskClub lowered shares of Inovio Pharmaceuticals from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. Royal Bank of Canada assumed coverage on shares of Inovio Pharmaceuticals in a research report on Wednesday, October 18th. They set an “outperform” rating and a $11.00 target price on the stock. Finally, ValuEngine lowered shares of Inovio Pharmaceuticals from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. Inovio Pharmaceuticals currently has an average rating of “Hold” and an average target price of $19.16.
Shares of Inovio Pharmaceuticals (NASDAQ:INO) opened at $5.09 on Tuesday. Inovio Pharmaceuticals has a one year low of $4.09 and a one year high of $9.86. The firm has a market cap of $513.78, a price-to-earnings ratio of -4.24 and a beta of 2.75.
A number of institutional investors have recently made changes to their positions in the business. BlueCrest Capital Management Ltd bought a new stake in shares of Inovio Pharmaceuticals in the 2nd quarter worth about $107,000. Virginia Retirement Systems ET AL bought a new stake in shares of Inovio Pharmaceuticals in the 3rd quarter worth about $101,000. Neuberger Berman Group LLC bought a new stake in shares of Inovio Pharmaceuticals in the 3rd quarter worth about $115,000. Engineers Gate Manager LP bought a new stake in shares of Inovio Pharmaceuticals in the 3rd quarter worth about $117,000. Finally, Emerald Advisers Inc. PA grew its holdings in shares of Inovio Pharmaceuticals by 84.0% in the 3rd quarter. Emerald Advisers Inc. PA now owns 20,323 shares of the biopharmaceutical company’s stock worth $129,000 after purchasing an additional 9,280 shares during the last quarter. 32.11% of the stock is currently owned by hedge funds and other institutional investors.
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About Inovio Pharmaceuticals
Inovio Pharmaceuticals, Inc (Inovio) is a clinical-stage pharmaceutical company, which is involved in developing deoxyribonucleic acid (DNA) immunotherapies and vaccines focused on treating and preventing cancers and infectious diseases. The Company’s DNA-based immunotherapies, in combination with its electroporation delivery devices, generates immune responses, in particular T cells, in the body to fight target diseases.
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