Inovio Pharmaceuticals, Inc. (INO) Receives $20.65 Consensus Target Price from Analysts

Inovio Pharmaceuticals, Inc. (NASDAQ:INO) has earned a consensus recommendation of “Buy” from the thirteen brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $20.65.

INO has been the topic of several research reports. Nomura reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Inovio Pharmaceuticals in a research report on Monday, May 1st. Jefferies Group LLC reaffirmed a “neutral” rating and issued a $38.00 price objective on shares of Inovio Pharmaceuticals in a research report on Monday, May 1st. Zacks Investment Research cut shares of Inovio Pharmaceuticals from a “hold” rating to a “sell” rating in a research report on Monday, April 17th. ValuEngine raised shares of Inovio Pharmaceuticals from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, Maxim Group reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Inovio Pharmaceuticals in a research report on Thursday, June 1st.

In other Inovio Pharmaceuticals news, Director David B. Weiner sold 8,000 shares of the business’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $8.00, for a total transaction of $64,000.00. Following the sale, the director now directly owns 740,956 shares of the company’s stock, valued at approximately $5,927,648. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Morton Collins purchased 21,300 shares of the business’s stock in a transaction on Monday, March 27th. The shares were acquired at an average cost of $6.25 per share, for a total transaction of $133,125.00. Following the completion of the transaction, the director now directly owns 142,291 shares in the company, valued at $889,318.75. The disclosure for this purchase can be found here. Insiders own 10.60% of the company’s stock.

A number of large investors have recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new stake in shares of Inovio Pharmaceuticals during the fourth quarter valued at approximately $559,000. Keybank National Association OH boosted its stake in shares of Inovio Pharmaceuticals by 6.9% in the fourth quarter. Keybank National Association OH now owns 30,242 shares of the biopharmaceutical company’s stock worth $210,000 after buying an additional 1,950 shares during the last quarter. ARK Investment Management LLC purchased a new stake in shares of Inovio Pharmaceuticals during the fourth quarter worth about $217,000. Thomas J. Herzfeld Advisors Inc. purchased a new stake in shares of Inovio Pharmaceuticals during the fourth quarter worth about $104,000. Finally, Vident Investment Advisory LLC boosted its stake in shares of Inovio Pharmaceuticals by 67.5% in the fourth quarter. Vident Investment Advisory LLC now owns 106,147 shares of the biopharmaceutical company’s stock worth $737,000 after buying an additional 42,764 shares during the last quarter. 27.73% of the stock is currently owned by hedge funds and other institutional investors.

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Inovio Pharmaceuticals (NASDAQ INO) traded up 1.03% during mid-day trading on Tuesday, hitting $7.84. The stock had a trading volume of 2,074,111 shares. The company has a 50-day moving average price of $7.30 and a 200 day moving average price of $6.82. Inovio Pharmaceuticals has a 1-year low of $5.83 and a 1-year high of $11.61. The company’s market cap is $585.08 million.

Inovio Pharmaceuticals (NASDAQ:INO) last announced its quarterly earnings results on Wednesday, May 10th. The biopharmaceutical company reported ($0.31) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.31). Inovio Pharmaceuticals had a negative net margin of 235.91% and a negative return on equity of 65.97%. The company had revenue of $10.40 million during the quarter, compared to analyst estimates of $5.83 million. During the same quarter in the previous year, the business earned ($0.11) EPS. The firm’s revenue was up 28.4% on a year-over-year basis. Equities research analysts forecast that Inovio Pharmaceuticals will post ($1.10) EPS for the current fiscal year.

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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