November 10, 2019 at 5:20 pm

Dynavax Technologies’ (DVAX) “Buy” Rating Reaffirmed at HC Wainwright

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HC Wainwright reiterated their buy rating on shares of Dynavax Technologies (NASDAQ:DVAX) in a report released on Thursday, AnalystRatings.com reports.

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Other equities research analysts also recently issued reports about the stock. ValuEngine upgraded shares of Dynavax Technologies from a sell rating to a hold rating in a research note on Thursday, August 1st. Zacks Investment Research downgraded shares of Dynavax Technologies from a buy rating to a hold rating in a research note on Tuesday, October 15th. Cantor Fitzgerald upgraded shares of Dynavax Technologies from a neutral rating to an overweight rating and set a $20.00 target price for the company in a research note on Wednesday, July 10th. William Blair reiterated a buy rating on shares of Dynavax Technologies in a research note on Friday, August 16th. Finally, BidaskClub upgraded shares of Dynavax Technologies from a hold rating to a buy rating in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $12.63.

Shares of DVAX traded up $0.19 during trading hours on Thursday, reaching $5.26. The stock had a trading volume of 1,426,300 shares, compared to its average volume of 1,330,133. The firm has a 50-day moving average of $4.39 and a 200 day moving average of $4.54. Dynavax Technologies has a 52 week low of $2.60 and a 52 week high of $12.77. The company has a quick ratio of 3.47, a current ratio of 4.30 and a debt-to-equity ratio of 19.95. The company has a market cap of $349.23 million, a P/E ratio of -2.06 and a beta of 0.50.

Dynavax Technologies (NASDAQ:DVAX) last issued its earnings results on Wednesday, November 6th. The biopharmaceutical company reported ($0.50) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.40) by ($0.10). Dynavax Technologies had a negative net margin of 781.10% and a negative return on equity of 304.71%. The firm had revenue of $10.58 million during the quarter, compared to analyst estimates of $10.31 million. During the same quarter last year, the business posted ($0.65) earnings per share. The company’s revenue for the quarter was up 624.7% on a year-over-year basis. As a group, equities analysts expect that Dynavax Technologies will post -1.93 earnings per share for the current year.

In related news, Director Francis Cano purchased 16,667 shares of the stock in a transaction on Monday, August 12th. The shares were purchased at an average cost of $3.00 per share, with a total value of $50,001.00. Following the acquisition, the director now directly owns 118,484 shares in the company, valued at $355,452. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 4.90% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in DVAX. Marshall Wace LLP raised its holdings in Dynavax Technologies by 225.0% in the 1st quarter. Marshall Wace LLP now owns 16,449 shares of the biopharmaceutical company’s stock valued at $120,000 after acquiring an additional 11,387 shares during the period. Chicago Capital LLC raised its holdings in Dynavax Technologies by 15.5% in the 2nd quarter. Chicago Capital LLC now owns 2,937,266 shares of the biopharmaceutical company’s stock valued at $11,720,000 after acquiring an additional 393,124 shares during the period. Rhenman & Partners Asset Management AB raised its holdings in Dynavax Technologies by 333.1% in the 2nd quarter. Rhenman & Partners Asset Management AB now owns 1,234,335 shares of the biopharmaceutical company’s stock valued at $4,925,000 after acquiring an additional 949,335 shares during the period. Wedbush Securities Inc. bought a new position in Dynavax Technologies in the 2nd quarter valued at about $42,000. Finally, DekaBank Deutsche Girozentrale increased its holdings in shares of Dynavax Technologies by 32.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 532,000 shares of the biopharmaceutical company’s stock worth $2,054,000 after purchasing an additional 130,000 shares during the period. 83.08% of the stock is currently owned by hedge funds and other institutional investors.

About Dynavax Technologies

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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Analyst Recommendations for Dynavax Technologies (NASDAQ:DVAX)

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