Zacks Investment Research upgraded shares of Tocagen (NASDAQ:TOCA) from a hold rating to a buy rating in a research report sent to investors on Wednesday, March 14th. They currently have $15.00 price target on the stock.
According to Zacks, “Tocagen, Inc. is a clinical-stage, cancer-selective gene therapy company which focuses on retroviral gene therapy platforms. The company’s lead product candidate consists of Toca 511 & Toca FC, initially for the treatment of recurrent high grade glioma, a disease with a significant unmet medical need. Tocagen, Inc. is based in San Diego, United States. “
Other analysts also recently issued research reports about the company. BidaskClub upgraded Tocagen from a sell rating to a hold rating in a research note on Friday, March 9th. ValuEngine upgraded Tocagen from a strong sell rating to a sell rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Tocagen presently has an average rating of Buy and a consensus price target of $21.50.
TOCA traded down $0.41 during midday trading on Wednesday, reaching $10.99. 126,002 shares of the company’s stock traded hands, compared to its average volume of 106,933. The firm has a market capitalization of $226.99 and a price-to-earnings ratio of -4.13. The company has a debt-to-equity ratio of 0.05, a current ratio of 5.23 and a quick ratio of 5.23. Tocagen has a 52 week low of $8.60 and a 52 week high of $17.95.
Tocagen (NASDAQ:TOCA) last released its quarterly earnings results on Thursday, March 8th. The company reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.02). Tocagen had a negative net margin of 94,948.78% and a negative return on equity of 145.76%. The business had revenue of $0.01 million for the quarter, compared to the consensus estimate of $0.01 million. sell-side analysts expect that Tocagen will post -2.3 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of Tocagen by 52.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 630,375 shares of the company’s stock valued at $7,886,000 after buying an additional 218,100 shares during the period. Goldman Sachs Group Inc. bought a new position in Tocagen in the 2nd quarter worth $366,000. Artal Group S.A. bought a new position in Tocagen in the 4th quarter worth $1,025,000. Blankinship & Foster LLC bought a new position in Tocagen in the 4th quarter worth $412,000. Finally, BBR Partners LLC raised its holdings in Tocagen by 278.7% in the 4th quarter. BBR Partners LLC now owns 54,887 shares of the company’s stock worth $563,000 after purchasing an additional 40,395 shares during the period. 32.78% of the stock is currently owned by hedge funds and other institutional investors.
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Tocagen Company Profile
Tocagen Inc (Tocagen) is a clinical-stage, cancer-selective gene therapy company. The Company is focused on developing product candidates designed to activate a patient’s immune system against their own cancer. Its cancer-selective gene therapy platform is built on retroviral replicating vectors (RRVs), which are designed to selectively deliver therapeutic genes into the deoxyribonucleic acid (DNA) of cancer cells.
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