HC Wainwright reaffirmed their buy rating on shares of Advaxis, Inc. (NASDAQ:ADXS) in a research report report published on Friday. The firm currently has a $23.00 price objective on the biotechnology company’s stock.
ADXS has been the subject of a number of other research reports. BidaskClub lowered shares of Advaxis from a hold rating to a sell rating in a research note on Monday, July 31st. ValuEngine lowered shares of Advaxis from a sell rating to a strong sell rating in a research note on Tuesday, August 8th. Finally, Cantor Fitzgerald restated an overweight rating and set a $19.00 price target on shares of Advaxis in a research note on Wednesday, May 31st.
Advaxis (ADXS) opened at 4.95 on Friday. The firm’s market cap is $200.29 million. Advaxis has a one year low of $4.77 and a one year high of $12.66. The company’s 50-day moving average is $6.24 and its 200 day moving average is $7.37.
Advaxis (NASDAQ:ADXS) last announced its quarterly earnings results on Monday, September 11th. The biotechnology company reported ($0.80) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.53) by ($0.27). The business had revenue of $3.05 million for the quarter, compared to the consensus estimate of $3.43 million. Advaxis had a negative net margin of 655.66% and a negative return on equity of 93.54%. Equities analysts anticipate that Advaxis will post ($2.26) earnings per share for the current year.
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A number of hedge funds have recently made changes to their positions in ADXS. Stevens Capital Management LP bought a new stake in Advaxis during the 1st quarter valued at $105,000. Voya Investment Management LLC increased its stake in Advaxis by 20.3% during the 2nd quarter. Voya Investment Management LLC now owns 17,612 shares of the biotechnology company’s stock valued at $114,000 after purchasing an additional 2,975 shares in the last quarter. Cutler Capital Management LLC bought a new stake in Advaxis during the 2nd quarter valued at $130,000. Northern Capital Management LLC increased its stake in Advaxis by 14.6% during the 2nd quarter. Northern Capital Management LLC now owns 20,775 shares of the biotechnology company’s stock valued at $135,000 after purchasing an additional 2,650 shares in the last quarter. Finally, Stonebridge Capital Management Inc. bought a new stake in Advaxis during the 2nd quarter valued at $146,000. Institutional investors and hedge funds own 48.06% of the company’s stock.
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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