Inovio Pharmaceuticals, Inc. (NASDAQ:INO) Given a $13.00 Price Target by HC Wainwright Analysts

Inovio Pharmaceuticals, Inc. (NASDAQ:INO) received a $13.00 price objective from equities researchers at HC Wainwright in a report issued on Tuesday, October 17th. The brokerage currently has a “buy” rating on the biopharmaceutical company’s stock. HC Wainwright’s target price suggests a potential upside of 122.98% from the stock’s previous close.

Several other research firms have also issued reports on INO. Citigroup Inc. started coverage on shares of Inovio Pharmaceuticals in a report on Friday, October 6th. They issued a “buy” rating and a $10.00 target price on the stock. Aegis restated a “buy” rating and issued a $14.00 target price on shares of Inovio Pharmaceuticals in a report on Tuesday, July 18th. Zacks Investment Research upgraded shares of Inovio Pharmaceuticals from a “hold” rating to a “buy” rating and set a $8.75 target price on the stock in a report on Tuesday, July 11th. Maxim Group set a $12.00 target price on shares of Inovio Pharmaceuticals and gave the company a “buy” rating in a report on Wednesday, August 9th. Finally, BidaskClub raised shares of Inovio Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Saturday, September 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. Inovio Pharmaceuticals currently has an average rating of “Hold” and an average target price of $19.16.

Inovio Pharmaceuticals (INO) traded up 3.74% on Tuesday, reaching $5.83. The company’s stock had a trading volume of 1,006,252 shares. Inovio Pharmaceuticals has a 52 week low of $5.28 and a 52 week high of $9.86. The stock’s 50 day moving average is $6.21 and its 200-day moving average is $6.63. The firm’s market capitalization is $526.02 million.

Inovio Pharmaceuticals (NASDAQ:INO) last issued its quarterly earnings results on Tuesday, August 8th. The biopharmaceutical company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.08. The company had revenue of $20.41 million for the quarter, compared to analyst estimates of $16.29 million. Inovio Pharmaceuticals had a negative net margin of 153.46% and a negative return on equity of 63.67%. Inovio Pharmaceuticals’s revenue was up 229.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.26) earnings per share. Analysts predict that Inovio Pharmaceuticals will post ($0.95) EPS for the current year.

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Large investors have recently bought and sold shares of the company. BlueCrest Capital Management Ltd bought a new stake in shares of Inovio Pharmaceuticals during the second quarter worth about $107,000. PNC Financial Services Group Inc. grew its position in Inovio Pharmaceuticals by 5.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 21,000 shares of the biopharmaceutical company’s stock worth $164,000 after purchasing an additional 1,000 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in Inovio Pharmaceuticals in the 2nd quarter worth about $171,000. OxFORD Asset Management LLP bought a new stake in Inovio Pharmaceuticals in the 2nd quarter worth about $194,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Inovio Pharmaceuticals in the 2nd quarter worth about $197,000. 25.05% of the stock is owned by institutional investors.

Inovio Pharmaceuticals Company Profile

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.

Analyst Recommendations for Inovio Pharmaceuticals (NASDAQ:INO)

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