Oppenheimer Assigns a Buy Rating on VBI Vaccines (VBIV)
Oppenheimer analyst Leland Gershell assigned a Buy rating to VBI Vaccines (VBIV) yesterday and set a price target of $8.00. The company’s shares closed last Monday at $3.41.
According to TipRanks.com, Gershell is a 3-star analyst with an average return of 2.7% and a 42.4% success rate. Gershell covers the Healthcare sector, focusing on stocks such as Milestone Pharmaceuticals, BioMarin Pharmaceutical, and Corbus Pharmaceuticals.
VBI Vaccines has an analyst consensus of Strong Buy, with a price target consensus of $6.75.
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Based on VBI Vaccines’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $184K and GAAP net loss of $9.51 million. In comparison, last year the company earned revenue of $640K and had a GAAP net loss of $13.17 million.
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VBI Vaccines, Inc. is a biopharmaceutical company. It engages in the development of eVLP vaccine platform for the design of (e) virus-like-particle vaccines that closely mimic the target virus. The company also involves in the development of thermostable technology that enables the development of vaccines and biologics that can withstand storage or shipment at constantly fluctuating temperatures. VBI Vaccines was founded on July 25, 2014 and is headquartered in Cambridge, MA.
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