Valneva SE (NASDAQ:VALN – Get Rating)'s share price gapped down before the market opened on Friday . The stock had previously closed at $14.04, but opened at $13.37. Valneva shares last traded at $13.40, with a volume of 102 shares.
Analyst Ratings Changes
VALN has been the subject of several recent analyst reports. The Goldman Sachs Group downgraded Valneva from a "buy" rating to a "neutral" rating in a research note on Friday, September 23rd. HC Wainwright reduced their price target on Valneva from $27.00 to $25.00 in a report on Monday, December 5th.
Get Valneva alerts:Valneva Price Performance
The company has a quick ratio of 1.02, a current ratio of 1.27 and a debt-to-equity ratio of 0.57. The business's 50 day moving average is $13.71 and its 200-day moving average is $16.29.
Valneva (NASDAQ:VALN – Get Rating) last issued its quarterly earnings results on Thursday, November 10th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of ($0.14) by $1.47. The company had revenue of $157.92 million for the quarter, compared to the consensus estimate of $78.52 million. Equities research analysts predict that Valneva SE will post -1.19 earnings per share for the current year.Institutional Investors Weigh In On Valneva
A number of institutional investors have recently made changes to their positions in the company. General American Investors Co. Inc. bought a new position in Valneva during the third quarter worth $3,768,000. Bank of America Corp DE bought a new position in shares of Valneva in the 1st quarter worth about $858,000. Jane Street Group LLC boosted its holdings in shares of Valneva by 85.9% in the 1st quarter. Jane Street Group LLC now owns 16,584 shares of the company's stock valued at $569,000 after buying an additional 7,664 shares during the period. Finally, UBS Group AG bought a new stake in shares of Valneva during the 2nd quarter valued at about $31,000. 15.83% of the stock is currently owned by institutional investors.
Valneva Company Profile
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Valneva SE, a specialty vaccine company, focuses on the development and commercialization of prophylactic vaccines for infectious diseases with unmet needs. Its commercial vaccines for travelers include IXIARO, an inactivated Vero cell culture-derived Japanese encephalitis vaccine indicated for active immunization against Japanese encephalitis; DUKORAL, an oral vaccine for the prevention of diarrhea caused by Vibrio cholera and/or heat-labile toxin producing Enterotoxigenic Escherichia coli bacterium; and VLA2001, a vaccine candidate against SARS-CoV-2.
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