VirnetX (NYSE:VHC) Stock Rating Upgraded by Wall Street Zen

Key Points

• The investment analysts at Wall Street Zen upgraded VirnetX's rating from "sell" to "hold" in a recent research note.
• VirnetX's stock has seen fluctuations within the past year, with a low of $3.68 and a high of $21.53, and it opened at $14.05 on Friday.
• Institutional ownership for VirnetX has increased, with Csenge Advisory Group raising its position by 11.4% during the first quarter.

Wall Street Zen upgraded shares of VirnetX (NYSE:VHC - Free Report) from a sell rating to a hold rating in a research note released on Saturday morning.

VirnetX Trading Down 2.2%

Shares of VHC stock traded down $0.30 on Friday, hitting $13.17. The stock had a trading volume of 2,706 shares, compared to its average volume of 13,108. The firm has a market cap of $56.24 million, a P/E ratio of -2.74 and a beta of 1.67. VirnetX has a twelve month low of $3.68 and a twelve month high of $21.53. The company has a fifty day moving average price of $13.76 and a two-hundred day moving average price of $10.43.

VirnetX (NYSE:VHC - Get Free Report) last released its quarterly earnings data on Tuesday, August 12th. The technology company reported ($0.99) earnings per share for the quarter. The firm had revenue of $0.05 million for the quarter.

Institutional Trading of VirnetX

A hedge fund recently raised its stake in VirnetX stock. Csenge Advisory Group raised its holdings in VirnetX Holding Corp (NYSE:VHC - Free Report) by 11.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,002 shares of the technology company's stock after purchasing an additional 2,448 shares during the period. Csenge Advisory Group owned 0.57% of VirnetX worth $177,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 10.37% of the company's stock.

About VirnetX

VirnetX Holding Corporation, through its subsidiary VirnetX, Inc, operates as an Internet security software and technology company primarily in the United States. The company develops software and technology solutions, including secure domain name registry and GABRIEL Connection Technology that are designed to secure communications over the Internet using zero trust network access.