Virnetx (NASDAQ:VHC) Stock Price Up 2.8% - Time to Buy?

Key Points

• Shares of Virnetx rose 2.8% to about $14.72 on Monday, but only ~1,456 shares traded — a ~95% drop from average volume, indicating very low liquidity.
• Analysts have a consensus Sell rating after recent downgrades, according to MarketBeat and cited research firms.
• Fundamentals are weak: the company reported quarterly EPS of ($1.83) on just $0.06M revenue, with a market cap of roughly $61.7M and a negative P/E of -2.94.

Shares of Virnetx Holding Corp (NASDAQ:VHC - Get Free Report) rose 2.8% during trading on Monday . The company traded as high as $14.55 and last traded at $14.7150. Approximately 1,456 shares were traded during trading, a decline of 95% from the average daily volume of 27,721 shares. The stock had previously closed at $14.31.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on VHC shares. Wall Street Zen downgraded shares of Virnetx from a "hold" rating to a "sell" rating in a report on Saturday, March 21st. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Virnetx in a report on Monday, March 23rd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of "Sell".

Virnetx Stock Up 2.8%

The company has a fifty day moving average price of $16.19. The company has a market capitalization of $61.66 million, a P/E ratio of -2.94 and a beta of 2.30.

Virnetx (NASDAQ:VHC - Get Free Report) last issued its quarterly earnings results on Tuesday, March 24th. The company reported ($1.83) earnings per share for the quarter. The company had revenue of $0.06 million for the quarter.

Hedge Funds Weigh In On Virnetx

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in shares of Virnetx by 12.6% in the 4th quarter. Geode Capital Management LLC now owns 41,923 shares of the company's stock worth $700,000 after buying an additional 4,684 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Virnetx by 9,676.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,986 shares of the company's stock valued at $85,000 after acquiring an additional 4,935 shares during the period. HighTower Advisors LLC raised its stake in Virnetx by 3.1% in the 4th quarter. HighTower Advisors LLC now owns 20,571 shares of the company's stock valued at $343,000 after acquiring an additional 625 shares during the period. Williams Jones Wealth Management LLC. raised its stake in Virnetx by 19.0% in the 4th quarter. Williams Jones Wealth Management LLC. now owns 100,165 shares of the company's stock valued at $1,672,000 after acquiring an additional 16,000 shares during the period. Finally, Vanguard Group Inc. raised its stake in Virnetx by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 172,337 shares of the company's stock valued at $2,947,000 after acquiring an additional 4,815 shares during the period. 10.37% of the stock is owned by hedge funds and other institutional investors.

Virnetx Company Profile

VirnetX Holding Corp. is a U.S.-based technology company focused on secure communications and network security technologies. The company develops, owns and licenses intellectual property covering methods and systems for encrypted communications, virtual private networks and secure domain name resolution. VirnetX's work centers on technologies designed to protect data in transit and enable private, authenticated connections across public networks.

VirnetX's offerings are primarily deployed through licensing arrangements and technology integrations rather than through mass-market consumer products.

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