Wall Street Zen Downgrades Virnetx (NASDAQ:VHC) to Strong Sell

Virnetx (NASDAQ:VHC – Get Free Report) was downgraded by research analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a research report issued on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Virnetx in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Virnetx currently has an average rating of “Sell”.

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Virnetx Stock Performance

NASDAQ VHC opened at $12.60 on Friday. Virnetx has a fifty-two week low of $9.82 and a fifty-two week high of $29.00. The stock has a 50 day simple moving average of $12.81 and a two-hundred day simple moving average of $14.43. The stock has a market cap of $52.79 million, a P/E ratio of -2.35 and a beta of 2.30.

Virnetx (NASDAQ:VHC – Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The company reported ($1.20) earnings per share for the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted its position in shares of Virnetx by 4.2% during the second quarter. Geode Capital Management LLC now owns 32,357 shares of the company’s stock valued at $351,000 after purchasing an additional 1,318 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Virnetx by 9,676.5% in the third quarter. JPMorgan Chase & Co. now owns 4,986 shares of the company’s stock worth $85,000 after purchasing an additional 4,935 shares during the period. Vanguard Group Inc. raised its holdings in Virnetx by 2.9% in the third quarter. Vanguard Group Inc. now owns 172,337 shares of the company’s stock worth $2,947,000 after purchasing an additional 4,815 shares in the last quarter. HighTower Advisors LLC raised its holdings in Virnetx by 3.1% in the fourth quarter. HighTower Advisors LLC now owns 20,571 shares of the company’s stock worth $343,000 after purchasing an additional 625 shares in the last quarter. Finally, Csenge Advisory Group lifted its position in Virnetx by 13.8% during the fourth quarter. Csenge Advisory Group now owns 68,243 shares of the company’s stock valued at $1,139,000 after buying an additional 8,275 shares during the period. Institutional investors own 10.37% of the company’s stock.

About Virnetx

(Get Free Report)

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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