Inovio Pharmaceuticals, Inc. (NASDAQ: INO) Insider Sells $ 93,584.26 in Shares



Inovio Pharmaceuticals, Inc. (NASDAQ: INO) insider Laurent Humeau sold 10,318 shares of the company in a trade that took place on Wednesday, June 9. The stock was sold for an average price of $ 9.07, for a total value of $ 93,584.26. The transaction was disclosed in a legal file with the SEC, which is available at the SEC website.

INO traded down $ 0.05 in Friday’s session, reaching $ 9.10. 3,754,922 company shares traded for an average volume of 12,260,720. The company’s 50-day moving average is $ 7.74. The company has a debt to equity ratio of 0.02, a current ratio of 14.17 and a rapid ratio of 14.17. Inovio Pharmaceuticals, Inc. has a 12-month low of $ 5.81 and a 12-month high of $ 33.79. The company has a market cap of $ 1.91 billion, a PE ratio of -8.05 and a beta of 0.66.

Inovio Pharmaceuticals (NASDAQ: INO) last released its quarterly results on Monday, May 10. The biopharmaceutical company reported ($ 0.27) earnings per share for the quarter, missing the consensus estimate of ($ 0.18) of ($ 0.09). The company posted revenue of $ 0.40 million for the quarter, compared to a consensus estimate of $ 1.06 million. Inovio Pharmaceuticals had a negative net margin of 2,916.64% and a negative return on equity of 39.16%. Inovio Pharmaceuticals revenue for the quarter was down 69.2% year-on-year. As a group, sell-side analysts expect Inovio Pharmaceuticals, Inc. to post earnings per share of -1.07 for the current year.

Several analysts have recently looked at INO shares. Zacks investment research downgraded Inovio Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Thursday, May 13. Bank of America began covering Inovio Pharmaceuticals in a research note on Tuesday, March 23. They issued a “neutral” rating and a target price of $ 13.00 on the stock. Oppenheimer reaffirmed a “buy” note on Inovio Pharmaceuticals shares in a research note on Friday, April 16. Piper Sandler reduced her price target on Inovio Pharmaceuticals from $ 7.00 to $ 6.00 and set the stock “neutral” rating in a research note on Monday, May 10. Finally, HC Wainwright reaffirmed a “conservation” note on Inovio Pharmaceuticals shares in a research note on Friday April 16. Two research analysts rated the stock with a sell rating, five assigned a conservation rating, and three issued a buy rating for the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $ 15.63.

Several hedge funds and other institutional investors have recently increased or reduced their stakes in the company. Banque Cantonale Vaudoise increased its stake in Inovio Pharmaceuticals shares by 6.5% in the 4th quarter. Banque Cantonale Vaudoise now owns 15,722 shares of the biopharmaceutical company valued at $ 139,000 after purchasing 955 additional shares during the period. LPL Financial LLC increased its stake in Inovio Pharmaceuticals shares by 2.2% during the 4th quarter. LPL Financial LLC now owns 45,968 shares of the biopharmaceutical company valued at $ 407,000 after purchasing an additional 976 shares during the period. Orion Portfolio Solutions LLC increased its stake in Inovio Pharmaceuticals shares by 11.7% in the 4th quarter. Orion Portfolio Solutions LLC now owns 11,383 shares of the biopharmaceutical company valued at $ 101,000 after purchasing an additional 1,188 shares during the period. Advisory Services Network LLC increased its stake in Inovio Pharmaceuticals shares by 42.4% during the 4th quarter. Advisory Services Network LLC now owns 4,200 shares of the biopharmaceutical company valued at $ 37,000 after purchasing an additional 1,250 shares during the period. Finally, Mayflower Financial Advisors LLC increased its stake in Inovio Pharmaceuticals shares by 4.6% during the first quarter. Mayflower Financial Advisors LLC now owns 30,402 shares of the biopharmaceutical company valued at $ 282,000 after purchasing an additional 1,326 shares during the period. 35.18% of the shares are currently held by hedge funds and other institutional investors.

Inovio Pharmaceuticals Company Profile

Inovio Pharmaceuticals, Inc, a biotechnology company, is focused on the discovery, development and commercialization of DNA-based drugs to treat and protect people against diseases associated with human papillomavirus (HPV), cancer and infectious diseases. Its DNA-based drug platform uses precisely engineered SynCon optimized plasmids that have the ability to help break the immune system’s tolerance to cancerous or infected cells and to facilitate protection against cross-strains against variants. of unpaired and paired pathogens.

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Insider buying and selling by quarter for Inovio Pharmaceuticals (NASDAQ: INO)

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