Zacks Investment Research Upgrades VBI Vaccines, Inc.’s Rating

VBI Vaccines, Inc.

In a report published on Tuesday morning, Zacks Investment Research has upgraded its rating of VBI Vaccines, Inc (NASDAQ:$VBIV) from a ‘Sell’ rating to a ‘Hold’.

VBIV is a biotechnology company that is focused on the development of vaccine-related technologies. Of particular note, the company boasts its eVLP particle vaccine platform that allows users to engineer enveloped VLP vaccines. They are also involved in projects related to cytomegalovirus – or CMV – and similar antigens.

Shares of VBI opened on Tuesday at $3.86. The company has a one year high of $6.60 and a one year low of $2.75. Their Market cap is $155.28 million. The company has a 50 and 200-day Moving Average of $3.77 and $4.53 respectively.

Other brokers have weighed in on the stock;

  • On May 31, TheStreet dropped VBIV’s rating (who use a letter grade system) from a C- to a D+.
  • On July 12, ValuEngine raised VBIV from a rating of ‘Sell’ to ‘Hold’.
  • On July 31, Noble Financial restated a ‘Buy’ rating.

Altogether, the consensus is ‘Hold’ with a Target Price of $5.38.

In insider trading news, CEO Jeff Baxter bought 10,000 shares on August 21st at an average price of $3.22 per share and a total value of $32,200.00. He currently owns 120, 255 shares of the company, totally in at roughly $387,221.10. Insider shares account for 34.10% of the company’s total stock.

A number of institutions have also recently traded in VBIV stock;

  • The Bank of Montreal Can (TSE:$BMO) raised its stake by 8.6% and now owns 63,398 shares worth $277,000.
  • California Teacher’s Retirement System bought a new stake with roughly $167,000.
  • Schwab Charles Investment Management Inc bought a new position, buying stock worth roughly $187,000.
  • Bank of New York Mellon Corp (NYSE:$BK) bought a new position worth $193,000.
  • Teachers Advisors LLC purchased a new stake worth $195,000.

Institutional ownership accounts for 31.52% of the stock.

Featured Image: facebook

About the author: Dylan is a content writer and editor located in Vancouver, British Columbia. He graduated from the University of Regina with BA degrees in both Journalism and History in 2016. His skills include writing, blogging, editing, and developing content for both print and internet media.