GeoVax Labs Inc. (NASDAQ:GOVX) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of GeoVax Labs Inc. (NASDAQ:GOVXGet Free Report) have been assigned a consensus recommendation of “Buy” from the five brokerages that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $8.88.

A number of research analysts have recently commented on the stock. Alliance Global Partners dropped their price objective on shares of GeoVax Labs from $15.00 to $8.50 and set a “buy” rating for the company in a research note on Tuesday, April 15th. HC Wainwright reaffirmed a “buy” rating and set a $8.00 price objective on shares of GeoVax Labs in a research note on Wednesday, April 16th. D. Boral Capital reaffirmed a “buy” rating and set a $9.00 price objective on shares of GeoVax Labs in a research note on Thursday. Finally, Wall Street Zen raised shares of GeoVax Labs from a “sell” rating to a “hold” rating in a research note on Sunday, July 13th.

Read Our Latest Report on GeoVax Labs

GeoVax Labs Trading Up 4.0%

Shares of GOVX stock opened at $0.76 on Friday. The firm has a 50-day moving average price of $0.91 and a 200 day moving average price of $1.31. GeoVax Labs has a twelve month low of $0.43 and a twelve month high of $11.18. The company has a market capitalization of $12.11 million, a price-to-earnings ratio of -0.21 and a beta of 3.36.

GeoVax Labs (NASDAQ:GOVXGet Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.45) EPS for the quarter, beating analysts’ consensus estimates of ($0.59) by $0.14. GeoVax Labs had a negative net margin of 438.20% and a negative return on equity of 511.96%. The company had revenue of $1.64 million during the quarter, compared to the consensus estimate of $0.75 million. As a group, research analysts predict that GeoVax Labs will post -4.49 earnings per share for the current year.

Institutional Trading of GeoVax Labs

A number of institutional investors and hedge funds have recently bought and sold shares of GOVX. Geode Capital Management LLC increased its position in GeoVax Labs by 59.0% during the 4th quarter. Geode Capital Management LLC now owns 90,139 shares of the company’s stock worth $223,000 after purchasing an additional 33,440 shares in the last quarter. Northern Trust Corp acquired a new stake in GeoVax Labs during the 4th quarter worth approximately $29,000. Citadel Advisors LLC acquired a new stake in GeoVax Labs during the 4th quarter worth approximately $104,000. Armistice Capital LLC acquired a new stake in GeoVax Labs during the 1st quarter worth approximately $703,000. Finally, Jane Street Group LLC acquired a new stake in GeoVax Labs during the 1st quarter worth approximately $27,000. Institutional investors and hedge funds own 6.09% of the company’s stock.

GeoVax Labs Company Profile

(Get Free Report

GeoVax Labs, Inc, a clinical-stage biotechnology company, develops human vaccines and immunotherapies against infectious diseases and solid tumor cancers using modified vaccinia ankara virus-like particle vaccine platform. It is developing various preventive vaccines against (COVID-19), human immunodeficiency virus (HIV); Zika virus; malaria; and hemorrhagic fever viruses, such as Ebola, Sudan, Marburg, and Lassa, as well as therapeutic vaccines for HIV, chronic Hepatitis B infections, and solid tumor cancers.

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Analyst Recommendations for GeoVax Labs (NASDAQ:GOVX)

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