The Vanguard Group, Inc. recently announced the acquisition of new stake in Vaxart Inc (NASDAQ:VXRT). The institutional investor has increased its shareholding in the Healthcare company by 0.91% to 6.91 million shares with purchase of 62439.0 shares. This fresh investment now brings its stake to 4.55% valued currently at $3.96 million. In addition, Geode Capital Management LLC raised its holdings by 0.22 million to 1.79 million shares. And GSA Capital Partners LLP has lifted its position by 1,975.99% or 0.27 million shares – to 0.28 million shares.
With over 0.46 million Vaxart Inc (VXRT) shares trading Friday and a closing price of $0.56 on the day, the dollar volume was approximately $0.26 million. The shares have shown a negative half year performance of -27.26% and its price on 01/12/24 lost nearly -2.93%. Currently, there are 152.04M common shares owned by the public and among those 150.76M shares have been available to trade.
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Insiders at the company have transacted a total of 23 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 23 of these insider trades were purchases, accounting for 1,291,074 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Vaxart Inc are Vanguard Total Stock Market ETF, Vanguard Extended Market Index Fu, and Fidelity Extended Market Index Fu. Vanguard Total Stock Market ETF owns 4.07 million shares of the company’s stock, all valued at over $2.33 million. Vanguard Extended Market Index Fu bought 36646.0 shares to see its total holdings expand to 1.87 million shares valued at over $1.07 million and representing 1.23% of the shares outstanding. Fidelity Extended Market Index Fu now owns shares totaling to 0.50% of the shares outstanding.
Shares of Vaxart Inc (NASDAQ: VXRT) opened at $0.57, down -$0.01 from a prior closing price of $0.58. However, the script later moved the day high at 0.5799, down -2.93%. The company’s stock has a 5-day price change of -2.32% and -18.23% over the past three months. VXRT shares are trading -2.22% year to date (YTD), with the 12-month market performance down to -51.30% lower. It has a 12-month low price of $0.53 and touched a high of $1.59 over the same period. VXRT has an average intraday trading volume of 734.21K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -6.71%, -17.07%, and -28.56% respectively.
Institutional ownership of Vaxart Inc (NASDAQ: VXRT) shares accounts for 12.23% of the company’s 152.04M shares outstanding. Mutual fund holders own 6.10%, while other institutional holders and individual stakeholders account for 6.13% and 1.83% respectively.
It has a market capitalization of $85.16M and a beta (3y monthly) value of 0.41. The earnings-per-share (ttm) stands at -$0.64. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.67% over the week and 7.08% over the month.
Analysts forecast that Vaxart Inc (VXRT) will achieve an EPS of -$0.16 for the current quarter, -$0.13 for the next quarter and -$0.54 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.2 while analysts give the company a high EPS estimate of -$0.13. Comparatively, EPS for the current quarter was -$0.18 a year ago. Earnings per share for the fiscal year are expected to increase by 27.78%, and 17.03% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 3 brokerage firm advisors rate Vaxart Inc (VXRT) as a “Strong Buy” at a consensus score of 1.67. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 1 of the 3 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the VXRT, a number of firms have released research notes about the stock. Jefferies stated their Buy rating for the stock in a research note on December 29, 2021, with the firm’s price target at $13-$12.
