H.C. Wainwright Remains a Hold on Inovio Pharmaceuticals (INO)

In a report released today, Ram Selvaraju from H.C. Wainwright reiterated a Hold rating on Inovio Pharmaceuticals (INOResearch Report). The company’s shares closed last Monday at $18.99.

According to TipRanks.com, Selvaraju is a top 100 analyst with an average return of 36.7% and a 62.4% success rate. Selvaraju covers the Healthcare sector, focusing on stocks such as Taro Pharmaceutical Industries, Turning Point Therapeutics, and Biospecifics Technologies.

Inovio Pharmaceuticals has an analyst consensus of Hold, with a price target consensus of $25.67.

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The company has a one-year high of $33.79 and a one-year low of $1.92. Currently, Inovio Pharmaceuticals has an average volume of 34.52M.

Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of INO in relation to earlier this year. Most recently, in May 2020, Simon Benito, a Director at INO sold 8,750 shares for a total of $139,563.

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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.