Shares of NewLink Genetics Corp (NASDAQ:NLNK) have earned a consensus rating of “Buy” from the eight analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $25.67.
NLNK has been the topic of a number of recent analyst reports. Robert W. Baird upgraded NewLink Genetics from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $8.00 to $22.00 in a report on Friday, September 8th. ValuEngine cut NewLink Genetics from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Stifel Nicolaus raised their target price on NewLink Genetics from $14.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, September 11th. Bank of America initiated coverage on NewLink Genetics in a report on Friday, October 13th. They set a “buy” rating and a $22.00 target price on the stock. Finally, Jefferies Group reduced their target price on NewLink Genetics from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, November 3rd.
In other NewLink Genetics news, major shareholder Stine Seed Farm, Inc. acquired 780,487 shares of the business’s stock in a transaction dated Friday, October 6th. The shares were acquired at an average price of $10.25 per share, for a total transaction of $7,999,991.75. Following the acquisition, the insider now directly owns 7,857,732 shares of the company’s stock, valued at approximately $80,541,753. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 13.70% of the stock is currently owned by company insiders.
Shares of NewLink Genetics (NASDAQ:NLNK) traded up $0.09 on Monday, reaching $8.86. The company’s stock had a trading volume of 756,542 shares, compared to its average volume of 927,664. NewLink Genetics has a 12-month low of $5.90 and a 12-month high of $25.17.
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About NewLink Genetics
NewLink Genetics Corporation is a clinical-stage immuno-oncology company focused on discovering, developing and commercializing immunotherapeutic products for the treatment of cancer. The Company’s portfolio includes biologic and small-molecule immunotherapy product candidates for a range of oncology indications.
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