H.C. Wainwright analyst Ram Selvaraju reiterated a Hold rating on Inovio Pharmaceuticals (INO) today. The company’s shares closed last Monday at $11.60.
According to TipRanks.com, Selvaraju is a top 100 analyst with an average return of 36.7% and a 67.1% success rate. Selvaraju covers the Healthcare sector, focusing on stocks such as Protalix Biotherapeutics, NeuroBo Pharmaceuticals, and Adamas Pharmaceuticals.
Inovio Pharmaceuticals has an analyst consensus of Moderate Buy, with a price target consensus of $18.00, a 57.6% upside from current levels. In a report released today, Piper Sandler also maintained a Hold rating on the stock with a $7.00 price target.
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Based on Inovio Pharmaceuticals’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $236.2K and net profit of $19.17 million. In comparison, last year the company earned revenue of $866.9K and had a GAAP net loss of $23.09 million.
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Inovio Pharmaceuticals, Inc. is a late-stage biotechnology company, which engages in the discovery, development, and commercialization of DNA-based immunotherapies and vaccines. Its drug candidates include SynCon immunotherapies which helps break the immune system’s tolerance of cancerous cells; and CELLECTRA delivery system which facilitates optimized cellular uptake of the SynCon immunotherapies. The company was founded by David B. Weiner on June 29, 1983 and is headquartered in Plymouth Meeting, PA.
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