ValuEngine Upgrades NewLink Genetics Corporation (NLNK) to Hold

ValuEngine upgraded shares of NewLink Genetics Corporation (NASDAQ:NLNK) from a sell rating to a hold rating in a research report report published on Friday, May 19th.

NLNK has been the subject of several other research reports. Jefferies Group LLC increased their price target on NewLink Genetics Corporation from $12.00 to $15.00 and gave the company a hold rating in a report on Wednesday, March 1st. Stifel Nicolaus increased their price target on NewLink Genetics Corporation from $22.00 to $26.00 and gave the company a buy rating in a report on Wednesday, March 1st. Zacks Investment Research cut NewLink Genetics Corporation from a buy rating to a hold rating in a report on Friday, March 3rd. SunTrust Banks, Inc. raised NewLink Genetics Corporation from a hold rating to a buy rating and increased their price target for the company from $12.00 to $30.00 in a report on Thursday, March 30th. Finally, Cantor Fitzgerald reiterated an overweight rating and issued a $32.00 price objective (up from $20.00) on shares of NewLink Genetics Corporation in a research report on Saturday, April 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $21.00.

NewLink Genetics Corporation (NLNK) traded up 0.82% on Friday, reaching $6.12. The company’s stock had a trading volume of 569,380 shares. The stock has a 50-day moving average of $13.54 and a 200-day moving average of $14.68. NewLink Genetics Corporation has a one year low of $5.90 and a one year high of $25.17. The stock’s market cap is $178.86 million.

NewLink Genetics Corporation (NASDAQ:NLNK) last announced its earnings results on Thursday, May 4th. The biotechnology company reported ($0.72) EPS for the quarter, beating analysts’ consensus estimates of ($0.82) by $0.10. NewLink Genetics Corporation had a negative return on equity of 61.98% and a negative net margin of 250.91%. The business had revenue of $2.76 million during the quarter, compared to analysts’ expectations of $2.68 million. On average, analysts predict that NewLink Genetics Corporation will post ($3.05) EPS for the current fiscal year.

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A number of large investors have recently made changes to their positions in NLNK. Tyers Asset Management LLC acquired a new stake in shares of NewLink Genetics Corporation during the fourth quarter worth $114,000. First Mercantile Trust Co. acquired a new stake in shares of NewLink Genetics Corporation during the first quarter worth $143,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of NewLink Genetics Corporation during the first quarter worth $145,000. Elkfork Partners LLC acquired a new stake in shares of NewLink Genetics Corporation during the fourth quarter worth $157,000. Finally, Baird Financial Group Inc. acquired a new stake in shares of NewLink Genetics Corporation during the fourth quarter worth $168,000. 51.91% of the stock is currently owned by institutional investors.

NewLink Genetics Corporation Company Profile

NewLink Genetics Corporation is a clinical-stage immuno-oncology company focused on discovering, developing and commercializing immunotherapeutic products for the treatment of cancer. The Company’s portfolio includes biologic and small-molecule immunotherapy product candidates for a range of oncology indications.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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