Vor Biopharma (NASDAQ:VOR) Stock Price Up 12% – What’s Next?
by Mitch Edgeman · The Markets DailyVor Biopharma Inc. (NASDAQ:VOR – Get Free Report) traded up 12% on Tuesday . The company traded as high as $19.42 and last traded at $19.5360. 634,643 shares traded hands during trading, a decline of 42% from the average session volume of 1,097,242 shares. The stock had previously closed at $17.45.
Wall Street Analyst Weigh In
Several analysts recently commented on VOR shares. Wall Street Zen lowered Vor Biopharma from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Jefferies Financial Group upgraded Vor Biopharma to a “strong-buy” rating in a research report on Thursday, April 30th. Wedbush lifted their target price on shares of Vor Biopharma from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. HC Wainwright reiterated a “buy” rating and issued a $31.00 target price on shares of Vor Biopharma in a research note on Monday, May 18th. Finally, Weiss Ratings raised shares of Vor Biopharma from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 30th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $42.25.
Check Out Our Latest Analysis on Vor Biopharma
Vor Biopharma Stock Up 12.3%
The business has a fifty day moving average of $15.95 and a two-hundred day moving average of $15.06.
Vor Biopharma (NASDAQ:VOR – Get Free Report) last released its quarterly earnings results on Monday, March 30th. The company reported $307.61 earnings per share (EPS) for the quarter. Analysts forecast that Vor Biopharma Inc. will post -2.51 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Vor Biopharma news, Director Ra Capital Management, L.P. sold 165,150 shares of the firm’s stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $15.77, for a total value of $2,604,415.50. Following the transaction, the director owned 2,402,095 shares in the company, valued at approximately $37,881,038.15. This trade represents a 6.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.27% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE grew its holdings in Vor Biopharma by 28,408.1% in the 1st quarter. Bank of America Corp DE now owns 112,892 shares of the company’s stock valued at $2,014,000 after buying an additional 112,496 shares in the last quarter. Irenic Capital Management LP purchased a new stake in Vor Biopharma in the first quarter valued at $583,000. Renaissance Technologies LLC acquired a new position in shares of Vor Biopharma in the 1st quarter valued at $2,298,000. Sei Investments Co. acquired a new position in shares of Vor Biopharma in the 1st quarter valued at $245,000. Finally, Independent Financial Group LLC purchased a new position in shares of Vor Biopharma during the 1st quarter worth $249,000. 97.29% of the stock is currently owned by institutional investors and hedge funds.
About Vor Biopharma
Vor Biopharma, Inc is a clinical-stage biotechnology company focused on the development of next-generation, allogeneic cell therapies for patients with hematologic malignancies. The company’s proprietary platform leverages genome editing to engineer donor-derived hematopoietic stem cells (HSCs), enabling the generation of off-the-shelf therapeutic candidates designed to overcome limitations of traditional autologous and matched donor transplants. By targeting key surface antigens and reconstituting the patient’s immune system, Vor aims to deliver curative potential with reduced treatment timelines and broader patient applicability.
The lead program, VOR33, is a CD33-edited HSC product candidate being evaluated in relapsed or refractory acute myeloid leukemia (AML) and high-risk myelodysplastic syndromes (MDS).