Genocea Biosciences, Inc. (GNCA) Issues Quarterly Earnings Results

Genocea Biosciences, Inc. (NASDAQ:GNCA) announced its quarterly earnings data on Wednesday. The biotechnology company reported ($0.54) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.46) by $0.08, Briefing.com reports.

Shares of Genocea Biosciences (NASDAQ GNCA) traded down 6.4672% during trading on Thursday, hitting $3.8442. 131,047 shares of the stock were exchanged. The stock’s 50 day moving average price is $5.24 and its 200-day moving average price is $5.51. Genocea Biosciences has a one year low of $3.28 and a one year high of $7.29. The company’s market cap is $109.57 million.

In other Genocea Biosciences news, CFO Jonathan Poole sold 45,000 shares of the business’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $6.00, for a total value of $270,000.00. Following the transaction, the chief financial officer now directly owns 84,247 shares in the company, valued at approximately $505,482. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.70% of the company’s stock.

Several analysts have issued reports on GNCA shares. Zacks Investment Research raised shares of Genocea Biosciences from a “hold” rating to a “buy” rating and set a $6.75 price objective for the company in a research note on Tuesday, May 16th. ValuEngine downgraded shares of Genocea Biosciences from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Cowen and Company reissued an “outperform” rating and issued a $40.00 price objective on shares of Genocea Biosciences in a research note on Tuesday, July 25th. Needham & Company LLC raised shares of Genocea Biosciences from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Monday, July 24th. Finally, Piper Jaffray Companies reissued an “overweight” rating and issued a $18.00 price objective (up previously from $17.00) on shares of Genocea Biosciences in a research note on Tuesday, July 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $16.52.

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About Genocea Biosciences

Genocea Biosciences, Inc, is harnessing the power of T cell immunity to develop vaccines and immunotherapies company. The Company uses its discovery platform, AnTigen Lead Acquisition System (ATLAS), to design vaccines and immunotherapies that act, in part, through T cell (or cellular) immune responses.

Earnings History for Genocea Biosciences (NASDAQ:GNCA)

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