NewLink Genetics (NLNK) Rating Lowered to Hold at SunTrust Banks

NewLink Genetics (NASDAQ:NLNK) was downgraded by analysts at SunTrust Banks from a “buy” rating to a “hold” rating in a report released on Friday, Marketbeat.com reports.

Other research analysts have also recently issued reports about the company. Zacks Investment Research raised NewLink Genetics from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a report on Wednesday, January 3rd. Cantor Fitzgerald set a $26.00 price target on NewLink Genetics and gave the company a “buy” rating in a report on Friday. Bank of America cut their price target on NewLink Genetics from $22.00 to $18.00 and set a “buy” rating for the company in a report on Friday, March 2nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $21.00 price target (down from $25.00) on shares of NewLink Genetics in a report on Friday, March 2nd. Finally, BidaskClub raised NewLink Genetics from a “sell” rating to a “hold” rating in a report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. NewLink Genetics presently has an average rating of “Hold” and a consensus price target of $20.17.

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Shares of NASDAQ NLNK opened at $4.20 on Friday. NewLink Genetics has a 52-week low of $3.95 and a 52-week high of $20.47. The firm has a market cap of $271.98, a price-to-earnings ratio of -1.83 and a beta of 1.22.

NewLink Genetics (NASDAQ:NLNK) last released its quarterly earnings results on Thursday, March 1st. The biotechnology company reported ($0.37) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.69) by $0.32. NewLink Genetics had a negative return on equity of 60.60% and a negative net margin of 250.60%. The business had revenue of $10.10 million during the quarter, compared to analysts’ expectations of $2.72 million. equities research analysts anticipate that NewLink Genetics will post -2.35 EPS for the current year.

Large investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in NewLink Genetics by 1,823.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,269 shares of the biotechnology company’s stock worth $105,000 after purchasing an additional 9,735 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in NewLink Genetics during the 4th quarter worth about $118,000. Creative Planning bought a new stake in NewLink Genetics during the 4th quarter worth about $152,000. The Manufacturers Life Insurance Company raised its holdings in NewLink Genetics by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,069 shares of the biotechnology company’s stock worth $140,000 after purchasing an additional 556 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in NewLink Genetics by 241.6% during the 4th quarter. Acadian Asset Management LLC now owns 19,470 shares of the biotechnology company’s stock worth $158,000 after purchasing an additional 13,770 shares during the last quarter. 65.05% of the stock is owned by hedge funds and other institutional investors.

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NewLink Genetics Company Profile

NewLink Genetics Corporation is a clinical-stage immuno-oncology company focused on discovering, developing and commercializing immunotherapeutic products for the treatment of cancer. The Company’s portfolio includes biologic and small-molecule immunotherapy product candidates for a range of oncology indications.

Analyst Recommendations for NewLink Genetics (NASDAQ:NLNK)

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