VBI Vaccines Inc (NASDAQ:VBIV)’s share price was up 2.5% on Thursday . The stock traded as high as $2.03 and last traded at $2.02. Approximately 8,300 shares changed hands during trading, a decline of 98% from the average daily volume of 536,359 shares. The stock had previously closed at $1.97.
Several equities analysts have weighed in on VBIV shares. Zacks Investment Research downgraded shares of VBI Vaccines from a “hold” rating to a “sell” rating in a report on Friday, September 28th. ValuEngine raised shares of VBI Vaccines from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. Finally, Oppenheimer started coverage on shares of VBI Vaccines in a report on Wednesday. They set an “outperform” rating and a $9.00 price target on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $10.50.
The company has a debt-to-equity ratio of 0.15, a current ratio of 1.61 and a quick ratio of 1.55.
VBI Vaccines (NASDAQ:VBIV) last released its earnings results on Friday, November 9th. The biopharmaceutical company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.02). VBI Vaccines had a negative return on equity of 56.88% and a negative net margin of 6,345.29%. The company had revenue of $0.26 million during the quarter, compared to analysts’ expectations of $0.24 million. On average, analysts predict that VBI Vaccines Inc will post -0.94 earnings per share for the current fiscal year.
In other VBI Vaccines news, Director Tomer Kariv purchased 1,428,571 shares of the firm’s stock in a transaction that occurred on Monday, December 17th. The shares were bought at an average price of $1.40 per share, with a total value of $1,999,999.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Perceptive Advisors Llc purchased 14,285,714 shares of the firm’s stock in a transaction that occurred on Thursday, December 13th. The shares were acquired at an average cost of $1.40 per share, for a total transaction of $19,999,999.60. The disclosure for this purchase can be found here. 16.20% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC purchased a new stake in VBI Vaccines during the third quarter valued at $155,000. Dimensional Fund Advisors LP bought a new position in VBI Vaccines during the second quarter valued at $223,000. Paloma Partners Management Co bought a new position in VBI Vaccines during the second quarter valued at $254,000. Jane Street Group LLC bought a new position in VBI Vaccines during the second quarter valued at $331,000. Finally, Millennium Management LLC increased its position in VBI Vaccines by 118.7% during the second quarter. Millennium Management LLC now owns 531,117 shares of the biopharmaceutical company’s stock valued at $1,461,000 after acquiring an additional 288,214 shares during the last quarter. 32.45% of the stock is currently owned by institutional investors.
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VBI Vaccines Company Profile (NASDAQ:VBIV)
VBI Vaccines Inc, a biopharmaceutical company, develops and sells vaccines to address unmet needs in infectious disease and immuno-oncology in Israel and internationally. The company offers Sci-B-Vac, a third-generation hepatitis B vaccine for adults, children, and newborns; and eVLP, a vaccine platform for the design of enveloped virus-like particle vaccines that closely mimic the target virus.
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