Dynavax Technologies Co. (DVAX) Receives Consensus Rating of “Buy” from Brokerages

Dynavax Technologies Co. (NASDAQ:DVAX) has been given a consensus recommendation of “Buy” by the eight analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $27.40.

A number of equities research analysts have recently issued reports on DVAX shares. BidaskClub downgraded shares of Dynavax Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. ValuEngine raised shares of Dynavax Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, March 27th. Cowen reissued a “buy” rating and set a $30.00 price objective on shares of Dynavax Technologies in a research report on Wednesday, February 21st. JPMorgan Chase downgraded shares of Dynavax Technologies from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $31.00 to $25.00 in a research report on Wednesday, February 14th. Finally, Zacks Investment Research downgraded shares of Dynavax Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th.

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In related news, insider David F. Novack sold 34,214 shares of Dynavax Technologies stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $16.52, for a total transaction of $565,215.28. Following the transaction, the insider now owns 21,613 shares in the company, valued at approximately $357,046.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider David F. Novack sold 2,121 shares of Dynavax Technologies stock in a transaction on Friday, March 9th. The shares were sold at an average price of $17.97, for a total transaction of $38,114.37. Following the transaction, the insider now owns 77,192 shares in the company, valued at approximately $1,387,140.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,444 shares of company stock worth $865,906. 2.90% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc lifted its stake in shares of Dynavax Technologies by 36.1% during the 3rd quarter. Legal & General Group Plc now owns 17,013 shares of the biopharmaceutical company’s stock valued at $365,000 after buying an additional 4,512 shares in the last quarter. Vident Investment Advisory LLC lifted its stake in shares of Dynavax Technologies by 3.1% during the 3rd quarter. Vident Investment Advisory LLC now owns 150,258 shares of the biopharmaceutical company’s stock valued at $3,231,000 after buying an additional 4,553 shares in the last quarter. American International Group Inc. lifted its stake in shares of Dynavax Technologies by 32.7% during the 3rd quarter. American International Group Inc. now owns 40,399 shares of the biopharmaceutical company’s stock valued at $869,000 after buying an additional 9,946 shares in the last quarter. Rock Springs Capital Management LP lifted its stake in shares of Dynavax Technologies by 6.1% during the 4th quarter. Rock Springs Capital Management LP now owns 175,000 shares of the biopharmaceutical company’s stock valued at $3,273,000 after buying an additional 10,000 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Dynavax Technologies by 16.8% during the 3rd quarter. Rhumbline Advisers now owns 70,673 shares of the biopharmaceutical company’s stock valued at $1,519,000 after buying an additional 10,170 shares in the last quarter. Institutional investors own 71.22% of the company’s stock.

NASDAQ:DVAX opened at $18.55 on Friday. Dynavax Technologies has a 12 month low of $5.05 and a 12 month high of $24.45. The company has a market capitalization of $1,205.86, a price-to-earnings ratio of -10.72 and a beta of 0.84.

Dynavax Technologies (NASDAQ:DVAX) last issued its quarterly earnings data on Thursday, March 8th. The biopharmaceutical company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.32). Dynavax Technologies had a negative net margin of 29,099.08% and a negative return on equity of 57.43%. The business had revenue of $0.02 million for the quarter, compared to the consensus estimate of $0.53 million. equities analysts expect that Dynavax Technologies will post -1.91 earnings per share for the current year.

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Dynavax Technologies Company Profile

Dynavax Technologies Corporation, a biopharmaceutical company, focuses on leveraging the power of the body's innate and adaptive immune responses through toll-like receptor (TLR) stimulation. The company's lead product candidates include HEPLISAV-B, a hepatitis B vaccine for prevention of infection caused by all known subtypes of the virus in adults age 18 years and older; SD-101, a cancer immunotherapy that is in Phase 2 clinical studies; and DV281, an investigational TLR9 agonist for the treatment of non-small cell lung cancer.

Analyst Recommendations for Dynavax Technologies (NASDAQ:DVAX)

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