ValuEngine Downgrades Advaxis, Inc. (ADXS) to Strong Sell

Advaxis, Inc. (NASDAQ:ADXS) was downgraded by investment analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued on Tuesday.

Several other equities research analysts also recently weighed in on the company. BidaskClub downgraded Advaxis from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Cantor Fitzgerald set a $19.00 price target on Advaxis and gave the stock a “buy” rating in a report on Thursday, July 6th. Finally, HC Wainwright set a $23.00 price target on Advaxis and gave the stock a “buy” rating in a report on Wednesday, June 14th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $22.00.

Shares of Advaxis (ADXS) traded down 2.93% during trading on Tuesday, reaching $6.30. 359,138 shares of the company were exchanged. The firm’s market capitalization is $254.91 million. The firm’s 50 day moving average is $6.60 and its 200 day moving average is $7.96. Advaxis has a 1-year low of $5.70 and a 1-year high of $16.30.

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Several large investors have recently added to or reduced their stakes in ADXS. Stevens Capital Management LP purchased a new stake in Advaxis during the first quarter worth approximately $105,000. Cutler Capital Management LLC purchased a new stake in Advaxis during the second quarter worth approximately $130,000. Stonebridge Capital Management Inc. purchased a new stake in Advaxis during the second quarter worth approximately $146,000. American International Group Inc. increased its stake in Advaxis by 7.6% in the first quarter. American International Group Inc. now owns 20,666 shares of the biotechnology company’s stock worth $169,000 after buying an additional 1,459 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in Advaxis by 4.8% in the first quarter. PNC Financial Services Group Inc. now owns 22,000 shares of the biotechnology company’s stock worth $180,000 after buying an additional 1,000 shares during the period. 54.95% of the stock is owned by hedge funds and other institutional investors.

About Advaxis

Advaxis, Inc is a clinical-stage biotechnology company focused on the discovery, development and commercialization of Listeria monocytogenes (Lm)-Listeriolysin O (LLO) cancer immunotherapies. These immunotherapies are based on a platform technology that utilizes live attenuated Lm bioengineered to secrete antigen/adjuvant fusion proteins.

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