Immuneering Co. (NASDAQ:IMRX) Receives Consensus “Buy Moderate” Recommendation From Brokers


Shares of Immuneering Co. (NASDAQ:IMRX – Get Rating) have been assigned a consensus rating of “moderate buy” by the seven brokerages that currently cover the company, Marketbeat reports. One research analyst rated the stock with a hold rating and five gave the company a buy rating. The 12-month average target price among brokers who have reported on the stock in the past year is $31.33.

Several brokerages have published reports on IMRX. Chardan Capital began covering Immuneering shares in a research note on Friday. They set a “buy” rating and a target price of $18.00 on the stock. Oppenheimer began covering Immuneering in a report on Thursday, March 31. They set an “outperform” rating and a price target of $25.00 on the stock.

IMRX shares opened at $5.65 on Friday. Immuneering has a 52 week minimum of $3.74 and a 52 week maximum of $33.99. The company’s fifty-day moving average is $4.85 and its two-hundred-day moving average is $8.10. The stock has a market capitalization of $149.10 million and a PE ratio of -1.89.

Immuneering (NASDAQ:IMRX – Get Rating) last announced its results on Tuesday, May 10. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.44) by ($0.05). Immuneering had a negative return on equity of 38.00% and a negative net margin of 2,651.85%. The company posted revenue of $0.18 million for the quarter, versus analyst estimates of $0.22 million. On average, sell-side analysts expect Immuneering to post -2.15 EPS for the current year.

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In related news, Director Laurie Keating acquired 7,000 shares of Immuneering in a transaction that took place on Monday, May 16. The shares were purchased at an average cost of $5.00 per share, for a total transaction of $35,000.00. Following the acquisition, the director now owns 14,000 shares of the company, valued at $70,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. Over the past 90 days, insiders have purchased 11,551 shares of the company worth $54,300.

A number of institutional investors and hedge funds have recently changed their holdings of IMRX. Millennium Management LLC purchased a new stake in Immuneering in Q3 valued at approximately $2,384,000. Metropolitan Life Insurance Co NY purchased a new stake in Immuneering during the third quarter worth approximately $75,000. Allspring Global Investments Holdings LLC acquired a new stake in Immuneering during the fourth quarter valued at approximately $149,000. The New York State Common Retirement Fund increased its stake in Immuneering by 172.8% during the fourth quarter. The New York State Common Retirement Fund now owns 4,637 shares of the company worth $75,000 after purchasing 2,937 additional shares during the period. Finally, Northern Trust Corp increased its stake in Immuneering by 4.5% during the fourth quarter. Northern Trust Corp now owns 75,891 shares of the company worth $1,227,000 after purchasing an additional 3,279 shares during the period. Hedge funds and other institutional investors hold 47.41% of the company’s shares.

About Immunization (Get an assessment)

Immuneering Corporation, a biopharmaceutical company, is focused on product candidates in oncology and neuroscience. Its lead product candidates include IMM-1-104, a dual-MEK inhibitor to treat cancer patients, including pancreatic cancer, melanoma, colorectal cancer and non-small cell lung cancer caused by mutations RAS and/or RAF; and IMM-6-415 to treat solid tumors.

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Analyst Recommendations for Immunization (NASDAQ:IMRX)

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