Legend Biotech (NASDAQ:PCVX) Earns Buy Rating from Analysts at Needham & Company LLC

Equities research analysts at Needham & Company LLC initiated coverage on shares of Legend Biotech (NASDAQ:PCVX) in a research note issued on Tuesday, The Fly reports. The firm set a “buy” rating on the stock.

Separately, Cantor Fitzgerald started coverage on shares of Legend Biotech in a report on Tuesday. They set an “overweight” rating for the company.

Shares of PCVX opened at $29.99 on Tuesday. Legend Biotech has a 1 year low of $17.80 and a 1 year high of $36.50.

In related news, Director Robert Lorne Hopfner acquired 93,000 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was acquired at an average cost of $16.00 per share, with a total value of $1,488,000.00.

Legend Biotech Company Profile

Vaxcyte, Inc a biopharmaceutical company, develops vaccines for infectious diseases. It offers conjugate, pneumococcal conjugate, and complex antigen-based vaccines. The company has a license to Sutro Biopharma's Xpress CF platforms for cell free protein synthesis and site-specific conjugation. Vaxcyte, Inc was formerly known as SutroVax, Inc and changed its name to Vaxcyte, Inc in May, 2020.

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