Brokerages Set Inovio Pharmaceuticals, Inc. (NASDAQ:INO) PT at $6.75

Shares of Inovio Pharmaceuticals, Inc. (NASDAQ:INOGet Free Report) have received a consensus recommendation of “Hold” from the eight brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $6.75.

Several equities analysts have issued reports on INO shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Inovio Pharmaceuticals in a research note on Monday, December 29th. Wall Street Zen upgraded shares of Inovio Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Oppenheimer reaffirmed an “outperform” rating on shares of Inovio Pharmaceuticals in a research report on Friday, March 13th. Finally, HC Wainwright reiterated a “neutral” rating on shares of Inovio Pharmaceuticals in a research note on Tuesday, December 30th.

View Our Latest Stock Report on Inovio Pharmaceuticals

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Inovio Pharmaceuticals Stock Down 1.2%

Inovio Pharmaceuticals stock opened at $1.66 on Monday. The business has a fifty day moving average of $1.65 and a two-hundred day moving average of $2.03. The firm has a market cap of $114.69 million, a P/E ratio of -0.99 and a beta of 1.70. Inovio Pharmaceuticals has a twelve month low of $1.30 and a twelve month high of $2.98.

Inovio Pharmaceuticals (NASDAQ:INOGet Free Report) last announced its quarterly earnings results on Thursday, March 12th. The biopharmaceutical company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.68. The company had revenue of ($0.07) million during the quarter, compared to analysts’ expectations of $0.33 million. Equities analysts expect that Inovio Pharmaceuticals will post -4.23 earnings per share for the current year.

Hedge Funds Weigh In On Inovio Pharmaceuticals

A number of large investors have recently made changes to their positions in the business. MCF Advisors LLC purchased a new stake in shares of Inovio Pharmaceuticals during the 3rd quarter valued at $26,000. SG Americas Securities LLC purchased a new position in Inovio Pharmaceuticals during the 3rd quarter worth $27,000. Stephens Inc. AR purchased a new position in Inovio Pharmaceuticals during the 3rd quarter worth $32,000. Focus Partners Wealth acquired a new position in Inovio Pharmaceuticals during the 3rd quarter valued at about $33,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Inovio Pharmaceuticals by 39.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,781 shares of the biopharmaceutical company’s stock valued at $34,000 after buying an additional 5,894 shares in the last quarter. 26.79% of the stock is owned by institutional investors and hedge funds.

Inovio Pharmaceuticals Company Profile

(Get Free Report)

Inovio Pharmaceuticals is a biotechnology company focused on the discovery, development and commercialization of DNA-based immunotherapies and vaccines aimed at treating and preventing infectious diseases and cancers. The company leverages proprietary technologies to design synthetic DNA sequences that encode antigens capable of eliciting targeted immune responses. Inovio’s business activities span early research through clinical development, with a primary emphasis on advancing candidates against viral pathogens such as SARS-CoV-2, human papillomavirus (HPV), HIV, Ebola, Zika and other emerging threats.

Central to Inovio’s platform is its SynCon® technology, which constructs optimized DNA plasmids for broad antigen coverage, and the Cellectra® electroporation device, designed to enhance cellular uptake and expression of DNA vaccines.

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Analyst Recommendations for Inovio Pharmaceuticals (NASDAQ:INO)

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