CureVac (NASDAQ:CVAC) Shares Up 7.7% - Still a Buy?

CureVac (NASDAQ:CVAC - Get Free Report)'s stock price was up 7.7% during mid-day trading on Monday . The company traded as high as $3.59 and last traded at $3.48. Approximately 269,297 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 797,755 shares. The stock had previously closed at $3.23.

Analyst Ratings Changes

Separately, JMP Securities reiterated a "market outperform" rating and set a $16.00 price target on shares of CureVac in a report on Friday, February 14th.

CureVac Trading Up 5.7 %

The business has a 50 day simple moving average of $3.04 and a two-hundred day simple moving average of $3.18. The company has a current ratio of 6.20, a quick ratio of 6.19 and a debt-to-equity ratio of 0.05. The company has a market cap of $766.11 million, a PE ratio of 6.21 and a beta of 2.48.

CureVac (NASDAQ:CVAC - Get Free Report) last posted its quarterly earnings results on Thursday, April 10th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.01). The business had revenue of $15.44 million during the quarter, compared to analysts' expectations of $6.40 million. CureVac had a net margin of 20.72% and a return on equity of 21.98%. On average, analysts forecast that CureVac will post 0.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CVAC. BNP Paribas Financial Markets acquired a new position in shares of CureVac during the fourth quarter worth about $585,000. Two Sigma Investments LP purchased a new stake in CureVac during the 4th quarter worth approximately $391,000. Alyeska Investment Group L.P. boosted its stake in shares of CureVac by 25.0% during the 4th quarter. Alyeska Investment Group L.P. now owns 500,000 shares of the company's stock valued at $1,705,000 after buying an additional 100,000 shares during the last quarter. Jane Street Group LLC grew its position in shares of CureVac by 239.0% during the third quarter. Jane Street Group LLC now owns 79,247 shares of the company's stock worth $235,000 after buying an additional 55,867 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in CureVac by 98.1% in the fourth quarter. Northern Trust Corp now owns 60,100 shares of the company's stock valued at $205,000 after acquiring an additional 29,759 shares in the last quarter. Institutional investors and hedge funds own 17.26% of the company's stock.

About CureVac

CureVac N.V., a biopharmaceutical company, focuses on developing various transformative medicines based on messenger ribonucleic acid (mRNA). It is developing prophylactic vaccines, such as mRNA-based vaccine candidates CV2CoV, which is in Phase 1 clinical trial against SARS-CoV-2; CV7202 which is in Phase 1 clinical trial for the treatment of rabies; and CVSQIV to treat multivalent seasonal influenza; Flu SV mRNA fot treating nucleotides, single antigen seasonal influenza.

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