Immunoma (NASDAQ: IMNM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report released Thursday, Zacks.com reports.
According to Zacks, “Immunome, Inc. is a biopharmaceutical company using a proprietary human memory B cell platform to discover and develop first-class therapeutic antibodies designed to change the way diseases are currently treated. Immunome, Inc. is based in Exton, United States. “
Separately, Cantor Fitzgerald began covering the actions of Immunoma in a research note on Friday, October 29. They issued an “overweight” rating and a target price of $ 35.00 on the stock.
IMNM opened at $ 14.42 on Thursday. The company has a market cap of $ 174.48 million, a price-to-earnings ratio of -7.67 and a beta of -4.11. Immunoma has a one year minimum of $ 9.27 and a one year maximum of $ 63.78. The company has a 50-day moving average price of $ 17.87 and a two-hundred-day moving average price of $ 17.60.
Immunoma (NASDAQ: IMNM) last released its quarterly results on Monday, November 15. The company reported ($ 0.65) earnings per share (EPS) for the quarter, missing Zacks’ consensus estimate of ($ 0.51) from ($ 0.14). As a group, research analysts expect Immunome to post earnings per share of -2.1 for the current fiscal year.
A number of institutional investors have recently changed their positions in IMNM. Vanguard Group Inc. increased its stake in Immunome by 95.9% in the 2nd quarter. Vanguard Group Inc. now owns 302,092 shares of the company valued at $ 5,226,000 after purchasing an additional 147,863 shares in the last quarter. Alpine Global Management LLC increased its stake in Immunome by 7.4% during the 2nd quarter. Alpine Global Management LLC now owns 854,671 shares of the company valued at $ 14,786,000 after purchasing an additional 58,962 shares in the last quarter. Millennium Management LLC purchased a new stake in Immunome during the second quarter for a value of approximately $ 634,000. Royal Bank of Canada increased its holdings in Immunome by 8,271.1% in the second quarter. Royal Bank of Canada now owns 28,127 shares of the company valued at $ 487,000 after purchasing an additional 27,791 shares last quarter. Finally, Renaissance Technologies LLC purchased a new position in Immunome shares during the second quarter valued at approximately $ 353,000. Institutional investors and hedge funds hold 24.86% of the company’s shares.
Immunome Company Profile
Immunome, Inc., a biopharmaceutical company, discovers and develops therapeutic antibodies for oncology and infectious diseases. The company’s main oncology program includes IMM-ONC-01, which targets the tumor-derived immune checkpoint IL-38 capable of promoting immune system evasion. She is also developing IMM-BCP-01, a candidate antibody cocktail for the treatment of SARS-CoV-2 and COVID-19 infections.
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