BidaskClub Upgrades Tocagen (TOCA) to “Buy”

BidaskClub upgraded shares of Tocagen (NASDAQ:TOCA) from a hold rating to a buy rating in a research report released on Saturday morning.

A number of other research analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of Tocagen from a sell rating to a hold rating in a research report on Thursday, January 11th. ValuEngine raised shares of Tocagen from a strong sell rating to a sell rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $21.50.

Tocagen (NASDAQ TOCA) opened at $12.46 on Friday. The firm has a market cap of $271.59 and a PE ratio of -2.18. Tocagen has a 1 year low of $8.60 and a 1 year high of $17.95. The company has a debt-to-equity ratio of 0.05, a current ratio of 5.23 and a quick ratio of 5.23.

Several hedge funds have recently added to or reduced their stakes in TOCA. Vanguard Group Inc. purchased a new stake in shares of Tocagen during the second quarter worth about $5,036,000. BlackRock Inc. increased its stake in shares of Tocagen by 36.4% during the fourth quarter. BlackRock Inc. now owns 1,069,152 shares of the company’s stock worth $10,960,000 after purchasing an additional 285,396 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Tocagen by 52.9% during the third quarter. JPMorgan Chase & Co. now owns 630,375 shares of the company’s stock worth $7,886,000 after purchasing an additional 218,100 shares in the last quarter. Pure Financial Advisors Inc. purchased a new stake in shares of Tocagen during the fourth quarter worth about $1,324,000. Finally, Lake Street Advisors Group LLC purchased a new stake in shares of Tocagen during the fourth quarter worth about $1,042,000. 32.78% of the stock is owned by institutional investors and hedge funds.

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About Tocagen

Tocagen Inc (Tocagen) is a clinical-stage, cancer-selective gene therapy company. The Company is focused on developing product candidates designed to activate a patient’s immune system against their own cancer. Its cancer-selective gene therapy platform is built on retroviral replicating vectors (RRVs), which are designed to selectively deliver therapeutic genes into the deoxyribonucleic acid (DNA) of cancer cells.

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