BlackRock Fund Advisors recently announced the acquisition of new stake in VistaGen Therapeutics Inc. (NASDAQ:VTGN). The institutional investor has increased its shareholding in the Healthcare company by 7.88% to 12.23 million shares with purchase of 0.89 million shares. This fresh investment now brings its stake to 5.58% valued currently at $1.71 million. In addition, SSgA Funds Management, Inc. raised its holdings by 0.53 million to 6.16 million shares. And Northern Trust Investments, Inc. has lifted its position by 16.44% or 0.25 million shares – to 1.75 million shares.
With over 2.22 million VistaGen Therapeutics Inc. (VTGN) shares trading Tuesday and a closing price of $0.13 on the day, the dollar volume was approximately $0.29 million. The shares have shown a negative half year performance of -11.31% and its price on 05/23/23 lost nearly -3.52%. Currently, there are 206.84M common shares owned by the public and among those 205.00M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 2 analysts who have offered their price forecasts for VTGN have a consensus price objective of $0.25. The analysts have set the share’s price value over the next 12 months at a high of $0.25 and a low of $0.25. But an upside of 48.0% will see the stock hit the forecast high price target while median target price for the stock is $0.25.
Insiders at the company have transacted a total of 10 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 9 of these insider trades were purchases, accounting for 1,125,000 shares. Insider sales of the common stock occurred on 1 occasions, with total insider shares sold totaling 60,000 shares.
The top 3 mutual fund holders in VistaGen Therapeutics Inc. are iShares Russell 2000 ETF, Vanguard Extended Market Index Fu, and Fidelity Small Cap Index Fund. iShares Russell 2000 ETF owns 4.18 million shares of the company’s stock, all valued at over $0.58 million. The company sold 61120.0 shares recently to bring their total holdings to about 1.90% of the shares outstanding. Fidelity Small Cap Index Fund bought 0.17 million shares to bring its total holdings to over 1.62 million shares at a value of $0.23 million. Fidelity Small Cap Index Fund now owns shares totaling to 0.74% of the shares outstanding.
Shares of VistaGen Therapeutics Inc. (NASDAQ: VTGN) opened at $0.134, down -$0.01 from a prior closing price of $0.14. However, the script later moved the day high at 0.1340, down -3.52%. The company’s stock has a 5-day price change of -5.93% and -33.11% over the past three months. VTGN shares are trading 27.86% year to date (YTD), with the 12-month market performance down to -87.46% lower. It has a 12-month low price of $0.08 and touched a high of $1.22 over the same period. VTGN has an average intraday trading volume of 3.45 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.00%, -4.70%, and -14.07% respectively.
Institutional ownership of VistaGen Therapeutics Inc. (NASDAQ: VTGN) shares accounts for 28.90% of the company’s 206.84M shares outstanding. Mutual fund holders own 8.60%, while other institutional holders and individual stakeholders account for 9.20% and 0.82% respectively.
It has a market capitalization of $29.90M and a beta (3y monthly) value of 0.97. The earnings-per-share (ttm) stands at -$0.31. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.24% over the week and 7.63% over the month.
Analysts forecast that VistaGen Therapeutics Inc. (VTGN) will achieve an EPS of -$0.05 for the current quarter, $0 for the next quarter and -$0.3 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.05 while analysts give the company a high EPS estimate of -$0.05. Comparatively, EPS for the current quarter was -$0.09 a year ago. Earnings per share for the fiscal year are expected to increase by 49.90%, and -7.10% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 2 brokerage firm advisors rate VistaGen Therapeutics Inc. (VTGN) as a “Hold” at a consensus score of 3.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 2 of the 2 advise that investors “hold,” and 0 rated it as a “Sell.”
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