Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Friday.
A number of other research firms have also commented on VNDA. Zacks Investment Research lowered shares of Vanda Pharmaceuticals from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 18th. Piper Jaffray Companies restated an “overweight” rating and issued a $23.00 price target on shares of Vanda Pharmaceuticals in a research report on Tuesday, June 27th. HC Wainwright set a $18.00 price target on shares of Vanda Pharmaceuticals and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Oppenheimer Holdings, Inc. set a $21.00 price target on shares of Vanda Pharmaceuticals and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Finally, TheStreet upgraded shares of Vanda Pharmaceuticals from a “d+” rating to a “c-” rating in a research report on Friday, May 12th. One analyst has rated the stock with a sell rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $21.33.
Shares of Vanda Pharmaceuticals (NASDAQ VNDA) traded up 0.487% during mid-day trading on Friday, reaching $15.475. The company’s stock had a trading volume of 48,444 shares. The firm has a 50-day moving average of $16.17 and a 200-day moving average of $14.69. The firm’s market capitalization is $694.18 million. Vanda Pharmaceuticals has a 52 week low of $11.58 and a 52 week high of $18.00.
Vanda Pharmaceuticals (NASDAQ:VNDA) last posted its quarterly earnings data on Wednesday, August 2nd. The biopharmaceutical company reported ($0.03) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.21) by $0.18. Vanda Pharmaceuticals had a negative net margin of 6.54% and a negative return on equity of 7.85%. The business had revenue of $42.06 million for the quarter, compared to analyst estimates of $40.31 million. During the same quarter last year, the business earned $0.01 earnings per share. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. Equities research analysts forecast that Vanda Pharmaceuticals will post ($0.52) earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Legal & General Group Plc raised its position in Vanda Pharmaceuticals by 37.4% in the second quarter. Legal & General Group Plc now owns 11,105 shares of the biopharmaceutical company’s stock valued at $181,000 after buying an additional 3,022 shares during the period. Virginia Retirement Systems ET AL purchased a new position in Vanda Pharmaceuticals during the first quarter worth approximately $193,000. Capital Fund Management S.A. purchased a new position in Vanda Pharmaceuticals during the first quarter worth approximately $195,000. Dynamic Technology Lab Private Ltd purchased a new position in Vanda Pharmaceuticals during the first quarter worth approximately $196,000. Finally, AQR Capital Management LLC purchased a new position in Vanda Pharmaceuticals during the fourth quarter worth approximately $223,000. Hedge funds and other institutional investors own 91.42% of the company’s stock.
About Vanda Pharmaceuticals
Vanda Pharmaceuticals Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of therapies to address unmet medical needs. Its product portfolio includes HETLIOZ (tasimelteon), Fanapt (iloperidone), Tradipitant (VLY-686), Trichostatin A and AQW051. It offers HETLIOZ for the treatment of Non-24-Hour Sleep-Wake Disorder (Non-24).
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