Genocea Biosciences (NASDAQ:GNCA)’s share price traded down 0% during trading on Monday . The company traded as low as $0.81 and last traded at $0.81. 932,717 shares were traded during trading, a decline of 17% from the average session volume of 1,125,093 shares. The stock had previously closed at $0.81.
A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Genocea Biosciences from a “hold” rating to a “buy” rating in a research report on Wednesday, April 18th. Cantor Fitzgerald set a $5.00 target price on shares of Genocea Biosciences and gave the stock a “buy” rating in a research report on Sunday, March 11th. HC Wainwright started coverage on shares of Genocea Biosciences in a research report on Thursday, March 8th. They set a “buy” rating and a $5.00 target price on the stock. Robert W. Baird started coverage on shares of Genocea Biosciences in a research note on Monday, February 12th. They set an “outperform” rating and a $3.00 price objective on the stock. Finally, Needham & Company LLC upgraded shares of Genocea Biosciences from a “hold” rating to a “buy” rating and set a $3.00 price objective on the stock in a research note on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $4.41.
The company has a debt-to-equity ratio of -1.26, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market cap of $66.80, a PE ratio of -0.44 and a beta of 1.21.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System bought a new position in shares of Genocea Biosciences during the second quarter valued at approximately $265,000. Millennium Management LLC acquired a new stake in Genocea Biosciences in the fourth quarter valued at approximately $145,000. Finally, State Street Corp boosted its stake in Genocea Biosciences by 1,595.2% in the second quarter. State Street Corp now owns 366,172 shares of the biotechnology company’s stock valued at $1,912,000 after acquiring an additional 344,572 shares in the last quarter. Hedge funds and other institutional investors own 9.33% of the company’s stock.
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About Genocea Biosciences
Genocea Biosciences, Inc, a biopharmaceutical company, discovers and develops novel cancer vaccines. The company uses its proprietary discovery platform AnTigen Lead Acquisition System to design immunotherapies and vaccines that act through T cell immune responses. Its lead product candidate is GEN-003, an investigational immunotherapy that is in Phase III trial for the treatment of genital herpes infections.
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