VBI Vaccines, Inc. (NASDAQ:VBIV) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday, October 18th.
According to Zacks, “VBI Vaccines Inc. is a biopharmaceutical company developing novel technologies to expand vaccine protection. The company’s eVLP vaccine platform allows for the design of enveloped virus-like particle vaccines which closely mimic the target virus. Its lead eVLP asset is a prophylactic cytomegalovirus vaccine. Its second platform is a thermostable technology that enables the development of vaccines and biologics. VBI Vaccines Inc., formerly known as SciVac Therapeutics, Inc., is headquartered in Cambridge, MA. “
A number of other equities analysts also recently weighed in on VBIV. ValuEngine downgraded shares of VBI Vaccines from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Noble Financial reaffirmed a “buy” rating on shares of VBI Vaccines in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $10.00.
Shares of VBI Vaccines (NASDAQ VBIV) traded up $0.02 during trading hours on Wednesday, hitting $4.22. The stock had a trading volume of 426,494 shares, compared to its average volume of 223,453. VBI Vaccines has a one year low of $2.78 and a one year high of $6.60. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.00 and a quick ratio of 1.91.
In other news, CEO Jeff Baxter acquired 10,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was bought at an average price of $3.28 per share, with a total value of $32,800.00. Following the completion of the acquisition, the chief executive officer now owns 110,255 shares in the company, valued at approximately $361,636.40. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Steven Gillis bought 300,000 shares of the stock in a transaction on Monday, October 30th. The shares were acquired at an average cost of $3.05 per share, with a total value of $915,000.00. Following the acquisition, the director now directly owns 46,916 shares in the company, valued at approximately $143,093.80. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 4,078,738 shares of company stock valued at $12,444,511. Corporate insiders own 34.10% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Northern Trust Corp bought a new stake in VBI Vaccines in the 2nd quarter valued at $883,000. State Street Corp bought a new stake in VBI Vaccines in the 2nd quarter valued at $831,000. KCG Holdings Inc. bought a new stake in VBI Vaccines in the 1st quarter valued at $512,000. Goldman Sachs Group Inc. bought a new stake in VBI Vaccines in the 1st quarter valued at $383,000. Finally, Bank of Montreal Can lifted its position in VBI Vaccines by 8.6% during the 2nd quarter. Bank of Montreal Can now owns 63,398 shares of the biopharmaceutical company’s stock worth $277,000 after buying an additional 5,000 shares in the last quarter. 31.37% of the stock is currently owned by institutional investors.
VBI Vaccines Company Profile
VBI Vaccines Inc, formerly SciVac Therapeutics Inc, is a biotechnology company. The Company is engaged in developing various technologies that focus on vaccine protection. It has developed an enveloped virus like particle (eVLP) vaccine platform that allows for the design of enveloped VLP vaccines. It is involved in various projects related to human cytomegalovirus (CMV) and other antigens.
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