Tocagen Inc (NASDAQ:TOCA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.
According to Zacks, “Tocagen, Inc. is a clinical-stage, cancer-selective gene therapy company which focuses on retroviral gene therapy platforms. The company’s lead product candidate consists of Toca 511 & Toca FC, initially for the treatment of recurrent high grade glioma, a disease with a significant unmet medical need. Tocagen, Inc. is based in San Diego, United States. “
Separately, Stifel Nicolaus reaffirmed a “buy” rating and issued a $24.00 price target on shares of Tocagen in a research note on Tuesday, July 25th.
Shares of Tocagen (NASDAQ:TOCA) opened at 12.66 on Thursday. The stock’s market cap is $250.78 million. Tocagen has a 1-year low of $9.68 and a 1-year high of $17.95. The firm has a 50-day moving average price of $12.39 and a 200-day moving average price of $13.40.
Tocagen (NASDAQ:TOCA) last announced its quarterly earnings results on Wednesday, August 9th. The company reported ($0.56) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.52) by ($0.04). The firm had revenue of $0.01 million during the quarter, compared to analyst estimates of $0.01 million. Equities analysts forecast that Tocagen will post ($2.51) EPS for the current year.
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Several institutional investors have recently made changes to their positions in the company. TD Asset Management Inc. purchased a new stake in shares of Tocagen in the 2nd quarter valued at $158,000. Schwab Charles Investment Management Inc. purchased a new stake in shares of Tocagen in the 2nd quarter valued at $165,000. Alps Advisors Inc. purchased a new stake in shares of Tocagen in the 2nd quarter valued at $215,000. Bank of New York Mellon Corp purchased a new stake in shares of Tocagen in the 2nd quarter valued at $281,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of Tocagen in the 2nd quarter valued at $837,000. 37.87% of the stock is currently owned by institutional investors and hedge funds.
Tocagen Inc (Tocagen) is a clinical-stage, cancer-selective gene therapy company. The Company is focused on developing product candidates designed to activate a patient’s immune system against their own cancer. Its cancer-selective gene therapy platform is built on retroviral replicating vectors (RRVs), which are designed to selectively deliver therapeutic genes into the deoxyribonucleic acid (DNA) of cancer cells.
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