VBI Vaccines (NASDAQ:VBIV - Get Rating) was upgraded by Zacks Investment Research from a "sell" rating to a "hold" rating in a note issued to investors on Friday, Zacks.com reports.
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. "
Separately, Raymond James dropped their price objective on shares of VBI Vaccines from $9.00 to $6.00 and set a "strong-buy" rating for the company in a report on Tuesday, March 8th.
Shares of NASDAQ:VBIV traded down $0.01 during trading on Friday, hitting $1.06. 17,655 shares of the company were exchanged, compared to its average volume of 1,827,229. VBI Vaccines has a 1-year low of $0.96 and a 1-year high of $4.31. The company has a market capitalization of $273.76 million, a P/E ratio of -3.82 and a beta of 2.01. The company has a quick ratio of 3.92, a current ratio of 3.31 and a debt-to-equity ratio of 0.19. The business's 50 day moving average is $1.48 and its 200-day moving average is $1.98.
VBI Vaccines (NASDAQ:VBIV - Get Rating) last issued its quarterly earnings data on Monday, March 7th. The biopharmaceutical company reported ($0.07) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.07). VBI Vaccines had a negative return on equity of 48.77% and a negative net margin of 16,087.72%. The business had revenue of $0.08 million for the quarter, compared to analyst estimates of $0.14 million. As a group, sell-side analysts anticipate that VBI Vaccines will post -0.28 earnings per share for the current year.
Hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of VBI Vaccines by 3.6% in the fourth quarter. BlackRock Inc. now owns 13,269,221 shares of the biopharmaceutical company's stock worth $31,049,000 after acquiring an additional 462,785 shares during the period. State Street Corp increased its position in shares of VBI Vaccines by 1.4% during the fourth quarter. State Street Corp now owns 12,372,113 shares of the biopharmaceutical company's stock valued at $28,951,000 after acquiring an additional 176,533 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of VBI Vaccines by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 3,896,078 shares of the biopharmaceutical company's stock worth $12,116,000 after purchasing an additional 238,896 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of VBI Vaccines by 2.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,189,700 shares of the biopharmaceutical company's stock worth $3,635,000 after buying an additional 43,192 shares during the last quarter. Finally, Northern Trust Corp grew its position in VBI Vaccines by 3.6% during the fourth quarter. Northern Trust Corp now owns 1,988,351 shares of the biopharmaceutical company's stock valued at $4,653,000 after buying an additional 68,218 shares during the period. 43.24% of the stock is owned by institutional investors.
About VBI Vaccines (Get Rating)
VBI Vaccines Inc, a biopharmaceutical company, develops and sells vaccines for the treatment of infectious diseases and immuno-oncology. The company offers Sci-B-Vac, a prophylactic hepatitis B (HBV) vaccine. It also engages in the development of VBI-2601 (BRII-179), an immunotherapeutic candidate for the treatment of chronic HBV infection.
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