Equities researchers at StockNews.com assumed coverage on shares of Vanda Pharmaceuticals (NASDAQ:VNDA – Get Free Report) in a research report issued on Tuesday. The firm set a “hold” rating on the biopharmaceutical company’s stock.
Separately, Cantor Fitzgerald increased their price target on shares of Vanda Pharmaceuticals from $11.00 to $13.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st.
Check Out Our Latest Report on Vanda Pharmaceuticals
Vanda Pharmaceuticals Price Performance
Vanda Pharmaceuticals (NASDAQ:VNDA – Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The biopharmaceutical company reported ($0.08) EPS for the quarter. Vanda Pharmaceuticals had a negative return on equity of 2.01% and a negative net margin of 6.00%. The business had revenue of $50.47 million during the quarter. On average, sell-side analysts anticipate that Vanda Pharmaceuticals will post -0.49 EPS for the current year.
Hedge Funds Weigh In On Vanda Pharmaceuticals
Several hedge funds have recently made changes to their positions in the business. SageView Advisory Group LLC acquired a new stake in shares of Vanda Pharmaceuticals during the 1st quarter valued at $34,000. Meeder Asset Management Inc. acquired a new stake in shares of Vanda Pharmaceuticals during the second quarter worth $39,000. China Universal Asset Management Co. Ltd. lifted its holdings in shares of Vanda Pharmaceuticals by 65.9% during the first quarter. China Universal Asset Management Co. Ltd. now owns 11,045 shares of the biopharmaceutical company’s stock valued at $45,000 after purchasing an additional 4,387 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Vanda Pharmaceuticals in the 2nd quarter valued at $61,000. Finally, Price T Rowe Associates Inc. MD increased its stake in Vanda Pharmaceuticals by 18.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,824 shares of the biopharmaceutical company’s stock worth $66,000 after purchasing an additional 2,425 shares in the last quarter. Institutional investors and hedge funds own 88.14% of the company’s stock.
Vanda Pharmaceuticals Company Profile
Vanda Pharmaceuticals Inc, a biopharmaceutical company, focuses on the development and commercialization of therapies to address high unmet medical needs worldwide. The company’s marketed products include HETLIOZ to treat non-24-hour sleep-wake disorders; and Fanapt oral tablets for the treatment of schizophrenia.
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