Virnetx (NASDAQ:VHC – Get Free Report) announced its quarterly earnings data on Friday. The company reported ($1.20) earnings per share (EPS) for the quarter, FiscalAI reports.
Virnetx Trading Down 3.2%
VHC traded down $0.49 during trading on Friday, reaching $15.00. 18,856 shares of the company were exchanged, compared to its average volume of 21,421. Virnetx has a 52 week low of $9.82 and a 52 week high of $29.00. The firm has a 50 day moving average of $12.77 and a 200 day moving average of $14.71. The stock has a market cap of $62.85 million, a P/E ratio of -2.91 and a beta of 2.30.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on VHC shares. Wall Street Zen raised Virnetx to a “sell” rating in a research report on Sunday, July 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Virnetx in a research note on Thursday, June 18th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.
Institutional Trading of Virnetx
Hedge funds have recently bought and sold shares of the company. Csenge Advisory Group bought a new position in Virnetx in the 2nd quarter worth about $868,000. BlackRock Inc. acquired a new stake in shares of Virnetx in the 2nd quarter worth approximately $840,000. Williams Jones Wealth Management LLC. lifted its position in Virnetx by 19.0% in the fourth quarter. Williams Jones Wealth Management LLC. now owns 100,165 shares of the company’s stock worth $1,672,000 after purchasing an additional 16,000 shares during the period. State Street Corp lifted its holdings in shares of Virnetx by 21.9% in the fourth quarter. State Street Corp now owns 14,447 shares of the company’s stock valued at $241,000 after buying an additional 2,600 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Virnetx by 12.6% in the 4th quarter. Geode Capital Management LLC now owns 41,923 shares of the company’s stock worth $700,000 after purchasing an additional 4,684 shares during the last quarter. 10.37% of the stock is currently owned by institutional investors.
Virnetx Company Profile
VirnetX Holding Corp. is a U.S.-based technology company focused on secure communications and network security technologies. The company develops, owns and licenses intellectual property covering methods and systems for encrypted communications, virtual private networks and secure domain name resolution. VirnetX’s work centers on technologies designed to protect data in transit and enable private, authenticated connections across public networks.
VirnetX’s offerings are primarily deployed through licensing arrangements and technology integrations rather than through mass-market consumer products.
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