Immunic (NASDAQ:IMUX – Get Free Report) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Saturday.
Separately, Brookline Capital Management reissued a “buy” rating and issued a $10.00 price objective on shares of Immunic in a report on Friday, April 5th.
Read Our Latest Stock Report on IMUX
Immunic Stock Performance
Immunic (NASDAQ:IMUX – Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The company reported ($0.48) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.51) by $0.03. As a group, sell-side analysts predict that Immunic will post -0.99 EPS for the current fiscal year.
Institutional Trading of Immunic
A number of institutional investors have recently made changes to their positions in the company. RTW Investments LP boosted its stake in shares of Immunic by 0.9% in the third quarter. RTW Investments LP now owns 4,335,255 shares of the company’s stock worth $6,373,000 after acquiring an additional 40,796 shares during the last quarter. Gratus Capital LLC boosted its stake in Immunic by 15.1% during the fourth quarter. Gratus Capital LLC now owns 1,941,454 shares of the company’s stock worth $2,912,000 after buying an additional 254,999 shares during the last quarter. Acadian Asset Management LLC boosted its stake in Immunic by 26.8% during the third quarter. Acadian Asset Management LLC now owns 757,250 shares of the company’s stock worth $1,111,000 after buying an additional 159,973 shares during the last quarter. Sierra Summit Advisors LLC purchased a new stake in Immunic in the fourth quarter valued at $487,000. Finally, Innovis Asset Management LLC raised its position in Immunic by 46.3% in the third quarter. Innovis Asset Management LLC now owns 272,457 shares of the company’s stock valued at $401,000 after purchasing an additional 86,217 shares during the period. 51.82% of the stock is owned by institutional investors and hedge funds.
About Immunic
Immunic, Inc, a biotechnology company, develops a pipeline of selective oral immunology therapies for the treatment of chronic inflammatory and autoimmune diseases in the United States and Germany. Its lead development program is IMU-838, which is in Phase 3 clinical trial, for treatment of multiple sclerosis, including relapsing and progressive multiple sclerosis; and moderate-to-severe ulcerative colitis.
See Also
- Five stocks we like better than Immunic
- When to Sell a Stock for Profit or Loss
- 3 Stocks Leading the U.S. Agriculture Comeback
- How to Use the MarketBeat Stock Screener
- How to Use Put Debit Spreads to Profit From Falling Stocks
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- Alphabet Changes the Narrative with Its First-Ever Dividend
Receive News & Ratings for Immunic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Immunic and related companies with MarketBeat.com's FREE daily email newsletter.