Dynavax Technologies (DVAX) Raised to Hold at BidaskClub

BidaskClub upgraded shares of Dynavax Technologies (NASDAQ:DVAX) from a sell rating to a hold rating in a research note issued to investors on Monday morning.

Other analysts have also recently issued reports about the company. Cowen reiterated a buy rating and set a $30.00 price target on shares of Dynavax Technologies in a research report on Friday, November 3rd. Cantor Fitzgerald boosted their price target on Dynavax Technologies from $24.00 to $25.00 and gave the stock an overweight rating in a research report on Thursday, November 9th. Zacks Investment Research cut Dynavax Technologies from a hold rating to a sell rating in a research report on Wednesday, January 10th. Finally, ValuEngine cut Dynavax Technologies from a hold rating to a sell rating in a research report on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $25.17.

Dynavax Technologies (NASDAQ DVAX) opened at $17.00 on Monday. The firm has a market capitalization of $1,075.58, a P/E ratio of -8.72 and a beta of 1.08. Dynavax Technologies has a 52 week low of $3.90 and a 52 week high of $24.45.

Dynavax Technologies (NASDAQ:DVAX) last issued its quarterly earnings results on Friday, November 3rd. The biopharmaceutical company reported ($0.38) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.53) by $0.15. Dynavax Technologies had a negative return on equity of 65.97% and a negative net margin of 1,177.60%. The firm had revenue of $0.05 million during the quarter, compared to analysts’ expectations of $0.28 million. During the same period in the previous year, the business earned ($0.90) earnings per share. The firm’s revenue for the quarter was down 68.8% on a year-over-year basis. research analysts predict that Dynavax Technologies will post -1.72 EPS for the current year.

In related news, VP David Louis Johnson sold 3,092 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $18.60, for a total transaction of $57,511.20. Following the completion of the sale, the vice president now directly owns 7,780 shares in the company, valued at $144,708. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Coffman sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $18.90, for a total value of $141,750.00. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the business. GMT Capital Corp grew its holdings in Dynavax Technologies by 1.7% in the 3rd quarter. GMT Capital Corp now owns 3,057,437 shares of the biopharmaceutical company’s stock valued at $65,735,000 after buying an additional 52,300 shares in the last quarter. Vanguard Group Inc. grew its holdings in Dynavax Technologies by 10.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,024,666 shares of the biopharmaceutical company’s stock valued at $19,538,000 after buying an additional 199,004 shares in the last quarter. State Street Corp grew its holdings in Dynavax Technologies by 19.7% in the 2nd quarter. State Street Corp now owns 839,218 shares of the biopharmaceutical company’s stock valued at $8,099,000 after buying an additional 138,112 shares in the last quarter. C WorldWide Group Holding A S grew its holdings in Dynavax Technologies by 23.3% in the 3rd quarter. C WorldWide Group Holding A S now owns 823,825 shares of the biopharmaceutical company’s stock valued at $17,712,000 after buying an additional 155,610 shares in the last quarter. Finally, Lord Abbett & CO. LLC purchased a new stake in Dynavax Technologies in the 2nd quarter valued at $7,777,000. Institutional investors own 70.54% of the company’s stock.

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About Dynavax Technologies

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.

Analyst Recommendations for Dynavax Technologies (NASDAQ:DVAX)

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