After Maxim Group and Stifel Nicolaus gave Inovio Pharmaceuticals (NASDAQ: INO) a Buy rating last month, the company received another Buy, this time from H.C. Wainwright. Analyst Ram Selvaraju reiterated a Buy rating on Inovio Pharmaceuticals today and set a price target of $13.00. The company’s shares closed last Monday at $8.02.
According to TipRanks.com, Selvaraju is ranked 0 out of 5 stars with an average return of -7.9% and a 23.6% success rate. Selvaraju covers the Healthcare sector, focusing on stocks such as Taro Pharmaceutical Industries, Biospecifics Technologies, and Springworks Therapeutics.
Currently, the analyst consensus on Inovio Pharmaceuticals is a Moderate Buy with an average price target of $10.00, implying an 8.7% upside from current levels. In a report issued on March 27, Maxim Group also assigned a Buy rating to the stock with a $12.00 price target.
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The company has a one-year high of $19.36 and a one-year low of $1.92. Currently, Inovio Pharmaceuticals has an average volume of 27.56M.
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of INO in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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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