CureVac (NASDAQ:CVAC) Shares Gap Up - Here's Why

Market Beat
2025.04.27 14:44
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CureVac (NASDAQ:CVAC) shares gapped up from $3.26 to $3.37 before trading, closing at $3.35 with a volume of 42,511 shares. JMP Securities maintained a "market outperform" rating with a $16.00 price target. The company reported a quarterly EPS of ($0.15), missing estimates, but revenue was $15.44 million, exceeding expectations. CureVac focuses on mRNA-based medicines and has a market cap of $760.51 million. Institutional investors hold 17.26% of the stock, with notable increases in stakes from several hedge funds.

Shares of CureVac (NASDAQ:CVAC - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $3.26, but opened at $3.37. CureVac shares last traded at $3.35, with a volume of 42,511 shares trading hands.

Wall Street Analysts Forecast Growth

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Separately, JMP Securities reiterated a "market outperform" rating and set a $16.00 price objective on shares of CureVac in a research note on Friday, February 14th.

View Our Latest Report on CVAC

CureVac Stock Performance

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The company has a market capitalization of $760.51 million, a P/E ratio of 6.15 and a beta of 2.48. The stock's fifty day moving average price is $3.04 and its 200-day moving average price is $3.17. The company has a debt-to-equity ratio of 0.05, a quick ratio of 6.19 and a current ratio of 6.20.

CureVac (NASDAQ:CVAC - Get Free Report) last released its quarterly earnings data on Thursday, April 10th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.01). CureVac had a net margin of 20.72% and a return on equity of 21.98%. The business had revenue of $15.44 million during the quarter, compared to the consensus estimate of $6.40 million. As a group, research analysts anticipate that CureVac will post 0.72 EPS for the current fiscal year.

Hedge Funds Weigh In On CureVac

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC lifted its stake in shares of CureVac by 239.0% during the 3rd quarter. Jane Street Group LLC now owns 79,247 shares of the company's stock worth $235,000 after buying an additional 55,867 shares during the last quarter. Barclays PLC acquired a new stake in CureVac during the third quarter worth approximately $67,000. China Universal Asset Management Co. Ltd. boosted its holdings in shares of CureVac by 10.3% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 47,568 shares of the company's stock worth $162,000 after acquiring an additional 4,425 shares during the period. Signaturefd LLC grew its position in shares of CureVac by 29.2% in the fourth quarter. Signaturefd LLC now owns 36,140 shares of the company's stock valued at $123,000 after purchasing an additional 8,170 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of CureVac by 10.3% during the fourth quarter. Geode Capital Management LLC now owns 241,750 shares of the company's stock worth $824,000 after purchasing an additional 22,491 shares during the period. 17.26% of the stock is owned by institutional investors.

CureVac Company Profile

(Get Free Report)

CureVac N.V., a biopharmaceutical company, focuses on developing various transformative medicines based on messenger ribonucleic acid (mRNA). It is developing prophylactic vaccines, such as mRNA-based vaccine candidates CV2CoV, which is in Phase 1 clinical trial against SARS-CoV-2; CV7202 which is in Phase 1 clinical trial for the treatment of rabies; and CVSQIV to treat multivalent seasonal influenza; Flu SV mRNA fot treating nucleotides, single antigen seasonal influenza.

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