H.C. Wainwright analyst Joseph Pantginis maintained a Buy rating on Genocea Biosciences (GNCA – Research Report) today and set a price target of $9.00. The company’s shares closed last Thursday at $1.16, close to its 52-week low of $0.85.
According to TipRanks.com, Pantginis is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -21.2% and a 24.2% success rate. Pantginis covers the Healthcare sector, focusing on stocks such as Applied Genetic Technologies, Lineage Cell Therapeutics, and Actinium Pharmaceuticals.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Genocea Biosciences with a $7.67 average price target.
Based on Genocea Biosciences’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.64 million and GAAP net loss of $3.62 million. In comparison, last year the company earned revenue of $453K and had a GAAP net loss of $4.56 million.
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Genocea Biosciences, Inc. engages in the development and commercialization of cancer vaccines. It uses its proprietary technology platform ATLAS, to identify clinically relevant antigens of T cells based on actual human immune responses. Its product candidates include GEN-003, an investigational immunotherapy for the treatment of genital herpes; and GEN-009, a neoantigen cancer vaccine. The company was founded by Robert Paull and Kevin J. Bitterman on August 16, 2006 and is headquartered in Cambridge, MA.
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