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Tuesday, 11/14/2017 3:33:27 PM

Tuesday, November 14, 2017 3:33:27 PM

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Heat Biologics Inc. - Get News & Ratings Daily
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Heat Biologics, Inc. (HTBX) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS
November 14th, 2017 • 0 comments • Filed Under • by ABMN Staff



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Heat Biologics, Inc. (NASDAQ:HTBX) announced its quarterly earnings data on Monday. The biopharmaceutical company reported ($0.06) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.03, Bloomberg Earnings reports. Heat Biologics had a negative net margin of 1,479.67% and a negative return on equity of 148.01%.
Heat Biologics (NASDAQ HTBX) opened at $0.59 on Tuesday. Heat Biologics has a 1 year low of $0.46 and a 1 year high of $3.35.
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Separately, Griffin Securities began coverage on shares of Heat Biologics in a research report on Tuesday, September 12th. They issued a “buy” rating and a $2.25 price objective for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Heat Biologics has a consensus rating of “Hold” and an average price target of $2.13.

An institutional investor recently raised its position in Heat Biologics stock. Vanguard Group Inc. lifted its stake in Heat Biologics, Inc. (NASDAQ:HTBX) by 11.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 661,388 shares of the biopharmaceutical company’s stock after purchasing an additional 70,290 shares during the quarter. Vanguard Group Inc. owned about 1.86% of Heat Biologics worth $403,000 as of its most recent SEC filing. Institutional investors and hedge funds own 8.64% of the company’s stock.
Heat Biologics Company Profile
Heat Biologics, Inc is a development-stage company focused on developing allogeneic, off-the-shelf cellular therapeutic vaccines to combat a range of cancers. The Company is an immuno-oncology company, which focuses on T cell-stimulating platform technologies, such as Immune Pan-Antigen Cytotoxic Therapy (ImPACT) and Combination Pan-Antigen Cytotoxic Therapy (ComPACT).


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