Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) insider Mihael Hristos Polymeropoulos sold 191,760 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $15.30, for a total value of $2,933,928.00. Following the completion of the transaction, the insider now owns 1,031,848 shares in the company, valued at approximately $15,787,274.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) traded down $0.05 during midday trading on Friday, hitting $15.55. 385,500 shares of the company’s stock were exchanged, compared to its average volume of 550,667. Vanda Pharmaceuticals Inc. has a fifty-two week low of $11.90 and a fifty-two week high of $18.99. The company has a market capitalization of $700.87, a P/E ratio of -50.16 and a beta of 1.29.
Vanda Pharmaceuticals (NASDAQ:VNDA) last announced its earnings results on Tuesday, November 7th. The biopharmaceutical company reported ($0.10) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.10). Vanda Pharmaceuticals had a negative net margin of 9.01% and a negative return on equity of 10.99%. The business had revenue of $41.30 million during the quarter, compared to the consensus estimate of $43.90 million. During the same quarter last year, the firm earned ($0.01) earnings per share. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. equities research analysts anticipate that Vanda Pharmaceuticals Inc. will post -0.44 earnings per share for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in VNDA. Legal & General Group Plc increased its stake in shares of Vanda Pharmaceuticals by 37.4% during the second quarter. Legal & General Group Plc now owns 11,105 shares of the biopharmaceutical company’s stock valued at $181,000 after purchasing an additional 3,022 shares in the last quarter. Kopp Investment Advisors LLC bought a new position in shares of Vanda Pharmaceuticals during the second quarter valued at approximately $196,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Vanda Pharmaceuticals during the third quarter valued at approximately $277,000. Voya Investment Management LLC increased its stake in shares of Vanda Pharmaceuticals by 29.7% during the second quarter. Voya Investment Management LLC now owns 20,118 shares of the biopharmaceutical company’s stock valued at $328,000 after purchasing an additional 4,605 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its stake in shares of Vanda Pharmaceuticals by 46.3% during the second quarter. Dynamic Technology Lab Private Ltd now owns 20,510 shares of the biopharmaceutical company’s stock valued at $335,000 after purchasing an additional 6,487 shares in the last quarter. 88.43% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently commented on the stock. Zacks Investment Research cut shares of Vanda Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. Oppenheimer set a $26.00 price target on shares of Vanda Pharmaceuticals and gave the stock a “buy” rating in a research note on Sunday, October 29th. BidaskClub raised shares of Vanda Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd. Piper Jaffray Companies increased their price target on shares of Vanda Pharmaceuticals from $23.00 to $26.00 and gave the stock an “overweight” rating in a research note on Thursday, September 14th. Finally, ValuEngine downgraded shares of Vanda Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Vanda Pharmaceuticals has a consensus rating of “Buy” and a consensus price target of $21.50.
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About Vanda Pharmaceuticals
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).
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