Vanda Pharmaceuticals (VNDA) Stock Rating Lowered by BidaskClub

BidaskClub downgraded shares of Vanda Pharmaceuticals (NASDAQ:VNDA) from a strong-buy rating to a buy rating in a report published on Thursday.

VNDA has been the topic of a number of other reports. Zacks Investment Research cut Vanda Pharmaceuticals from a strong-buy rating to a hold rating in a research note on Wednesday, August 8th. TheStreet upgraded Vanda Pharmaceuticals from a c rating to a b- rating in a research note on Friday, October 26th. CIBC reiterated an outperform rating on shares of Vanda Pharmaceuticals in a research note on Friday, September 21st. Stifel Nicolaus started coverage on Vanda Pharmaceuticals in a research note on Thursday, September 13th. They issued a buy rating and a $30.00 price objective on the stock. Finally, Oppenheimer set a $29.00 price objective on Vanda Pharmaceuticals and gave the company a buy rating in a research note on Wednesday, October 3rd. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $26.86.

NASDAQ:VNDA opened at $20.46 on Thursday. Vanda Pharmaceuticals has a 52 week low of $11.90 and a 52 week high of $23.50. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 2,046.00 and a beta of 1.06.

Large investors have recently bought and sold shares of the stock. Trexquant Investment LP purchased a new position in Vanda Pharmaceuticals in the second quarter valued at $212,000. Hartford Investment Management Co. purchased a new position in Vanda Pharmaceuticals in the second quarter valued at $214,000. Meeder Asset Management Inc. increased its holdings in Vanda Pharmaceuticals by 164.6% in the third quarter. Meeder Asset Management Inc. now owns 11,417 shares of the biopharmaceutical company’s stock valued at $261,000 after buying an additional 7,102 shares during the last quarter. NumerixS Investment Technologies Inc increased its holdings in Vanda Pharmaceuticals by 92.9% in the second quarter. NumerixS Investment Technologies Inc now owns 11,835 shares of the biopharmaceutical company’s stock valued at $227,000 after buying an additional 5,700 shares during the last quarter. Finally, Xact Kapitalforvaltning AB purchased a new position in Vanda Pharmaceuticals in the second quarter valued at $240,000. 93.54% of the stock is currently owned by hedge funds and other institutional investors.

About Vanda Pharmaceuticals

Vanda Pharmaceuticals Inc, a biopharmaceutical company, focuses on the development and commercialization of products for the treatment of central nervous system disorders. The company's marketed products include HETLIOZ (tasimelteon), a product for the treatment of non-24-hour sleep-wake disorders; and Fanapt (iloperidone), a product for the treatment of schizophrenia.

See Also: Institutional Investors

Analyst Recommendations for Vanda Pharmaceuticals (NASDAQ:VNDA)

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