Dynavax Technologies (DVAX) Trading Down 9.2%

Dynavax Technologies Co. (NASDAQ:DVAX) shares dropped 9.2% on Wednesday . The stock traded as low as $10.53 and last traded at $10.60. Approximately 1,165,325 shares changed hands during trading, an increase of 32% from the average daily volume of 885,809 shares. The stock had previously closed at $11.67.

DVAX has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Dynavax Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, August 9th. BidaskClub cut Dynavax Technologies from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 18th. Cantor Fitzgerald restated a “buy” rating and issued a $30.00 price target on shares of Dynavax Technologies in a research report on Monday, October 1st. Royal Bank of Canada raised their price target on Dynavax Technologies to $26.00 and gave the stock an “outperform” rating in a research report on Monday, October 22nd. Finally, Cowen restated a “buy” rating and issued a $30.00 price target on shares of Dynavax Technologies in a research report on Monday, October 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Dynavax Technologies presently has a consensus rating of “Hold” and an average price target of $28.00.

The company has a quick ratio of 5.90, a current ratio of 6.29 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $708.41 million, a P/E ratio of -6.13 and a beta of 0.46.

Dynavax Technologies (NASDAQ:DVAX) last issued its quarterly earnings results on Monday, November 5th. The biopharmaceutical company reported ($0.65) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.57) by ($0.08). Dynavax Technologies had a negative return on equity of 97.79% and a negative net margin of 5,044.85%. The company had revenue of $1.46 million during the quarter, compared to the consensus estimate of $3.16 million. During the same quarter in the previous year, the business posted ($0.38) EPS. The firm’s revenue for the quarter was up 2822.0% on a year-over-year basis. On average, equities analysts forecast that Dynavax Technologies Co. will post -2.51 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP bought a new position in shares of Dynavax Technologies in the third quarter worth $131,000. Pacer Advisors Inc. acquired a new stake in Dynavax Technologies in the third quarter valued at about $132,000. Gofen & Glossberg LLC IL acquired a new stake in Dynavax Technologies in the third quarter valued at about $145,000. Tiverton Asset Management LLC acquired a new stake in Dynavax Technologies in the second quarter valued at about $184,000. Finally, Bank of Montreal Can boosted its stake in Dynavax Technologies by 365.4% in the second quarter. Bank of Montreal Can now owns 13,938 shares of the biopharmaceutical company’s stock valued at $213,000 after buying an additional 10,943 shares in the last quarter. Institutional investors own 76.73% of the company’s stock.

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Dynavax Technologies Company Profile (NASDAQ:DVAX)

Dynavax Technologies Corporation, a biopharmaceutical company, focuses on leveraging the power of the body's innate and adaptive immune responses through toll-like receptor (TLR) stimulation. The company's lead product candidates include HEPLISAV-B, a hepatitis B vaccine for prevention of infection caused by all known subtypes of the virus in adults age 18 years and older; SD-101, a cancer immunotherapy that is in Phase 2 clinical studies; and DV281, an investigational TLR9 agonist for the treatment of non-small cell lung cancer.

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