The Co-President and SVP of Dynavax (DVAX) is Buying Shares

Yesterday, the Co-President and SVP of Dynavax (DVAX), David Novack, bought shares of DVAX for $50K.

This recent transaction increases David Novack’s holding in the company by 16.37% to a total of $398.1K. This is Novack’s first Buy trade following 3 Sell transactions.

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Based on Dynavax’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $8.3 million and GAAP net loss of $42.71 million. In comparison, last year the company earned revenue of $1.25 million and had a GAAP net loss of $39.44 million. Currently, Dynavax has an average volume of 2.31M. The Company has a Price to Book ratio of 20.6757.

Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $16.00, reflecting a 376.2% upside. Starting in October 2018, DVAX received 23 Buy ratings in a row. Four different firms, including Cantor Fitzgerald and Cowen & Co., currently also have a Buy rating on the stock.

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Dynavax Technologies Corp. is a biopharmaceutical company, which engages in the development and discovery of novel vaccines and immuno-oncology therapeutics. It focuses on leveraging the body’s innate and adaptive immune responses through toll-like receptor stimulation. It offers products for vaccines, cancer immunotherapy, and immune-mediated diseases.

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