Jefferies Group Weighs in on Advaxis, Inc.’s FY2022 Earnings (ADXS)

Advaxis, Inc. (NASDAQ:ADXS) – Jefferies Group issued their FY2022 earnings per share (EPS) estimates for Advaxis in a note issued to investors on Thursday, according to Zacks Investment Research. Jefferies Group analyst B. Amin forecasts that the biotechnology company will post earnings per share of $3.12 for the year.

ADXS has been the subject of a number of other research reports. HC Wainwright reaffirmed a “buy” rating and set a $23.00 price objective on shares of Advaxis in a research report on Wednesday, November 8th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $19.00 price objective on shares of Advaxis in a research report on Monday, September 25th. Finally, ValuEngine cut shares of Advaxis from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 3rd.

Advaxis (NASDAQ ADXS) opened at $2.96 on Friday. The firm has a market cap of $122.26, a P/E ratio of -1.28 and a beta of 1.91. Advaxis has a 1 year low of $2.71 and a 1 year high of $10.06.

Advaxis (NASDAQ:ADXS) last posted its quarterly earnings results on Wednesday, December 20th. The biotechnology company reported ($0.57) earnings per share for the quarter, missing the consensus estimate of ($0.55) by ($0.02). Advaxis had a negative net margin of 776.63% and a negative return on equity of 114.00%. The firm had revenue of $1.76 million during the quarter, compared to analysts’ expectations of $3.05 million.

Several institutional investors and hedge funds have recently made changes to their positions in ADXS. Vanguard Group Inc. raised its holdings in shares of Advaxis by 9.2% in the 1st quarter. Vanguard Group Inc. now owns 1,663,010 shares of the biotechnology company’s stock valued at $13,587,000 after purchasing an additional 139,710 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Advaxis by 4.8% in the 1st quarter. Geode Capital Management LLC now owns 279,812 shares of the biotechnology company’s stock valued at $2,286,000 after purchasing an additional 12,736 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Advaxis by 6.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 128,504 shares of the biotechnology company’s stock valued at $1,050,000 after purchasing an additional 7,353 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Advaxis by 3.7% in the 2nd quarter. Rhumbline Advisers now owns 42,508 shares of the biotechnology company’s stock valued at $276,000 after purchasing an additional 1,530 shares in the last quarter. Finally, State of Wisconsin Investment Board acquired a new stake in shares of Advaxis in the 2nd quarter valued at $201,000. Institutional investors and hedge funds own 41.65% of the company’s stock.

In other Advaxis news, insider Robert Petit sold 12,625 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $3.19, for a total transaction of $40,273.75. Following the sale, the insider now directly owns 237,265 shares in the company, valued at approximately $756,875.35. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Sara Bonstein sold 12,734 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $3.19, for a total transaction of $40,621.46. Following the sale, the chief financial officer now owns 244,504 shares in the company, valued at $779,967.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,192 shares of company stock worth $122,615. 7.21% of the stock is owned by company insiders.

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About Advaxis

Advaxis, Inc is a clinical-stage biotechnology company focused on the discovery, development and commercialization of Listeria monocytogenes (Lm)-Listeriolysin O (LLO) cancer immunotherapies. These immunotherapies are based on a platform technology that utilizes live attenuated Lm bioengineered to secrete antigen/adjuvant fusion proteins.

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