Vanda Pharmaceuticals’ (VNDA) Buy Rating Reaffirmed at Jefferies Group

Jefferies Group reissued their buy rating on shares of Vanda Pharmaceuticals (NASDAQ:VNDA) in a research report sent to investors on Tuesday. Jefferies Group currently has a $20.00 price target on the biopharmaceutical company’s stock. Jefferies Group also issued estimates for Vanda Pharmaceuticals’ Q2 2018 earnings at ($0.06) EPS, FY2018 earnings at ($0.98) EPS, FY2019 earnings at $0.85 EPS, FY2019 earnings at $0.81 EPS, FY2020 earnings at $0.59 EPS, FY2020 earnings at $0.60 EPS, FY2021 earnings at $1.00 EPS, FY2021 earnings at $0.96 EPS, FY2022 earnings at $1.91 EPS and FY2022 earnings at $2.07 EPS.

A number of other analysts have also weighed in on the company. Zacks Investment Research lowered Vanda Pharmaceuticals from a buy rating to a hold rating in a research note on Thursday, October 26th. Oppenheimer set a $26.00 target price on Vanda Pharmaceuticals and gave the company a buy rating in a research note on Sunday, October 29th. BidaskClub upgraded Vanda Pharmaceuticals from a sell rating to a hold rating in a research report on Friday, December 22nd. ValuEngine upgraded Vanda Pharmaceuticals from a sell rating to a hold rating in a research report on Wednesday, December 20th. Finally, Seaport Global Securities initiated coverage on Vanda Pharmaceuticals in a research report on Friday, January 19th. They issued a buy rating and a $20.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $21.43.

Shares of Vanda Pharmaceuticals (NASDAQ VNDA) opened at $17.10 on Tuesday. Vanda Pharmaceuticals has a 12 month low of $11.90 and a 12 month high of $18.99. The firm has a market capitalization of $767.90, a price-to-earnings ratio of -50.29 and a beta of 1.24.

Vanda Pharmaceuticals (NASDAQ:VNDA) last announced its earnings results on Wednesday, February 14th. The biopharmaceutical company reported ($0.04) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.08. Vanda Pharmaceuticals had a negative return on equity of 11.97% and a negative net margin of 9.43%. The company had revenue of $44.28 million during the quarter, compared to analyst estimates of $44.00 million. During the same period last year, the company posted $0.08 earnings per share. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. equities research analysts forecast that Vanda Pharmaceuticals will post -0.38 EPS for the current fiscal year.

In related news, SVP Gunther Birznieks sold 8,568 shares of Vanda Pharmaceuticals stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $15.26, for a total value of $130,747.68. Following the completion of the sale, the senior vice president now directly owns 118,366 shares in the company, valued at $1,806,265.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO James Patrick Kelly sold 9,155 shares of Vanda Pharmaceuticals stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $15.35, for a total value of $140,529.25. Following the completion of the sale, the chief financial officer now owns 144,721 shares of the company’s stock, valued at $2,221,467.35. The disclosure for this sale can be found here. Over the last quarter, insiders sold 209,483 shares of company stock valued at $3,205,205. Corporate insiders own 7.60% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. MetLife Investment Advisors LLC acquired a new stake in Vanda Pharmaceuticals in the fourth quarter worth about $308,000. Metropolitan Life Insurance Co. NY bought a new position in Vanda Pharmaceuticals during the fourth quarter worth about $221,000. Macquarie Group Ltd. boosted its holdings in Vanda Pharmaceuticals by 20.0% during the fourth quarter. Macquarie Group Ltd. now owns 2,268,691 shares of the biopharmaceutical company’s stock worth $34,484,000 after buying an additional 378,606 shares during the last quarter. TIAA CREF Investment Management LLC boosted its holdings in Vanda Pharmaceuticals by 5.1% during the fourth quarter. TIAA CREF Investment Management LLC now owns 446,482 shares of the biopharmaceutical company’s stock worth $6,787,000 after buying an additional 21,595 shares during the last quarter. Finally, Teachers Advisors LLC boosted its holdings in Vanda Pharmaceuticals by 0.8% during the fourth quarter. Teachers Advisors LLC now owns 702,028 shares of the biopharmaceutical company’s stock worth $10,671,000 after buying an additional 5,690 shares during the last quarter. Hedge funds and other institutional investors own 88.19% of the company’s stock.

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Vanda Pharmaceuticals Company Profile

Vanda Pharmaceuticals Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of therapies to address unmet medical needs. Its product portfolio includes HETLIOZ (tasimelteon), Fanapt (iloperidone), Tradipitant (VLY-686), Trichostatin A and AQW051. It offers HETLIOZ for the treatment of Non-24-Hour Sleep-Wake Disorder (Non-24).

Analyst Recommendations for Vanda Pharmaceuticals (NASDAQ:VNDA)

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