Dynavax Technologies (DVAX) Reaches New 52-Week Low at $6.66

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Shares of Dynavax Technologies Co. (NASDAQ:DVAX) hit a new 52-week low during trading on Monday . The company traded as low as $6.66 and last traded at $6.75, with a volume of 24878 shares trading hands. The stock had previously closed at $6.95.

A number of analysts have commented on the stock. Zacks Investment Research lowered shares of Dynavax Technologies from a “hold” rating to a “sell” rating in a research note on Monday. ValuEngine upgraded shares of Dynavax Technologies from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. Finally, BidaskClub lowered shares of Dynavax Technologies from a “sell” rating to a “strong sell” rating in a research note on Monday, February 25th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. Dynavax Technologies currently has an average rating of “Hold” and a consensus target price of $27.00.

The company has a debt-to-equity ratio of 1.60, a quick ratio of 4.08 and a current ratio of 4.58. The firm has a market capitalization of $430.08 million, a PE ratio of -2.64 and a beta of 0.67.

Dynavax Technologies (NASDAQ:DVAX) last posted its quarterly earnings data on Tuesday, February 26th. The biopharmaceutical company reported ($0.64) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.60) by ($0.04). The firm had revenue of $3.90 million for the quarter, compared to analysts’ expectations of $3.43 million. Dynavax Technologies had a negative return on equity of 139.00% and a negative net margin of 1,938.27%. Dynavax Technologies’s revenue was up 18471.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.45) earnings per share. As a group, analysts predict that Dynavax Technologies Co. will post -2.35 EPS for the current year.

In other Dynavax Technologies news, SVP Robert Coffman sold 63,202 shares of Dynavax Technologies stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $9.03, for a total transaction of $570,714.06. Following the transaction, the senior vice president now directly owns 86,268 shares of the company’s stock, valued at approximately $779,000.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David Louis Johnson sold 20,765 shares of Dynavax Technologies stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $9.03, for a total transaction of $187,507.95. Following the transaction, the vice president now directly owns 52,786 shares in the company, valued at $476,657.58. The disclosure for this sale can be found here. Insiders have sold a total of 119,411 shares of company stock worth $1,075,091 over the last ninety days. Insiders own 3.47% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of DVAX. Advisor Group Inc. boosted its holdings in shares of Dynavax Technologies by 515.3% in the 4th quarter. Advisor Group Inc. now owns 4,473 shares of the biopharmaceutical company’s stock worth $41,000 after buying an additional 3,746 shares during the last quarter. Pacer Advisors Inc. purchased a new position in shares of Dynavax Technologies in the 3rd quarter worth about $132,000. Legal & General Group Plc boosted its holdings in shares of Dynavax Technologies by 18.7% in the 4th quarter. Legal & General Group Plc now owns 11,814 shares of the biopharmaceutical company’s stock worth $108,000 after buying an additional 1,860 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Dynavax Technologies in the 4th quarter worth about $117,000. Finally, Wall Street Access Asset Management LLC boosted its holdings in shares of Dynavax Technologies by 7.0% in the 4th quarter. Wall Street Access Asset Management LLC now owns 15,300 shares of the biopharmaceutical company’s stock worth $140,000 after buying an additional 1,000 shares during the last quarter. 84.11% of the stock is currently owned by hedge funds and other institutional investors.

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About Dynavax Technologies (NASDAQ:DVAX)

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 markets HEPLISAV-B, a hepatitis B vaccine for prevention of infection caused by all known subtypes of hepatitis B virus in adults age 18 years and older.

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