Oppenheimer restated their buy rating on shares of Vanda Pharmaceuticals (NASDAQ:VNDA) in a research note released on Monday morning.
Several other equities analysts have also issued reports on VNDA. Piper Jaffray Companies increased their target price on Vanda Pharmaceuticals from $23.00 to $26.00 and gave the stock an overweight rating in a research note on Thursday, September 14th. Zacks Investment Research lowered Vanda Pharmaceuticals from a strong-buy rating to a hold rating in a research note on Thursday, October 5th. ValuEngine lowered Vanda Pharmaceuticals from a hold rating to a sell rating in a research note on Thursday, October 26th. Finally, BidaskClub raised Vanda Pharmaceuticals from a sell rating to a hold rating in a research note on Friday, December 22nd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $21.50.
Vanda Pharmaceuticals (NASDAQ VNDA) traded down $0.05 during midday trading on Monday, hitting $14.20. The stock had a trading volume of 607,170 shares, compared to its average volume of 618,500. The stock has a market cap of $628.99, a PE ratio of -44.38 and a beta of 1.29. Vanda Pharmaceuticals has a fifty-two week low of $11.90 and a fifty-two week high of $18.99.
Vanda Pharmaceuticals (NASDAQ:VNDA) last released its quarterly earnings results on Tuesday, November 7th. The biopharmaceutical company reported ($0.10) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.10). The business had revenue of $41.30 million during the quarter, compared to analysts’ expectations of $43.90 million. Vanda Pharmaceuticals had a negative return on equity of 10.99% and a negative net margin of 9.01%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.01) EPS. equities analysts forecast that Vanda Pharmaceuticals will post -0.44 earnings per share for the current fiscal year.
In other Vanda Pharmaceuticals news, CFO James Patrick Kelly sold 9,155 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $15.35, for a total value of $140,529.25. Following the sale, the chief financial officer now owns 144,721 shares of the company’s stock, valued at approximately $2,221,467.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mihael Hristos Polymeropoulos sold 191,760 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $15.30, for a total value of $2,933,928.00. Following the completion of the sale, the insider now directly owns 1,031,848 shares in the company, valued at approximately $15,787,274.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 209,483 shares of company stock worth $3,205,205. 7.60% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Vanda Pharmaceuticals by 7.5% in the 2nd quarter. Vanguard Group Inc. now owns 2,680,895 shares of the biopharmaceutical company’s stock valued at $43,698,000 after purchasing an additional 186,548 shares in the last quarter. Macquarie Group Ltd. raised its position in Vanda Pharmaceuticals by 10.9% in the 3rd quarter. Macquarie Group Ltd. now owns 1,890,085 shares of the biopharmaceutical company’s stock valued at $33,833,000 after purchasing an additional 186,526 shares in the last quarter. State Street Corp raised its position in Vanda Pharmaceuticals by 2.9% in the 2nd quarter. State Street Corp now owns 1,618,485 shares of the biopharmaceutical company’s stock valued at $26,380,000 after purchasing an additional 46,299 shares in the last quarter. Rothschild Asset Management Inc. acquired a new stake in Vanda Pharmaceuticals in the 3rd quarter valued at about $23,491,000. Finally, Renaissance Technologies LLC raised its position in Vanda Pharmaceuticals by 16.9% in the 2nd quarter. Renaissance Technologies LLC now owns 1,097,950 shares of the biopharmaceutical company’s stock valued at $17,897,000 after purchasing an additional 158,700 shares in the last quarter. 88.43% of the stock is currently owned by institutional investors.
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About Vanda Pharmaceuticals
Vanda Pharmaceuticals Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of therapies to address unmet medical needs. Its product portfolio includes HETLIOZ (tasimelteon), Fanapt (iloperidone), Tradipitant (VLY-686), Trichostatin A and AQW051. It offers HETLIOZ for the treatment of Non-24-Hour Sleep-Wake Disorder (Non-24).
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