Lion Biotechnologies Inc. (NASDAQ:LBIO) has earned a consensus rating of “Buy” from the eight brokerages that are presently covering the company. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $19.90.

Several equities research analysts have recently weighed in on the company. Chardan Capital set a $20.00 target price on Lion Biotechnologies and gave the stock a “buy” rating in a research report on Sunday, August 21st. Cowen and Company reaffirmed a “buy” rating on shares of Lion Biotechnologies in a research report on Friday, November 4th. Zacks Investment Research downgraded Lion Biotechnologies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 9th. Jefferies Group reaffirmed a “buy” rating and issued a $13.00 target price on shares of Lion Biotechnologies in a research report on Monday, November 7th. Finally, Roth Capital reiterated a “buy” rating and issued a $15.00 price target on shares of Lion Biotechnologies in a research note on Friday, August 26th.

Lion Biotechnologies (NASDAQ:LBIO) opened at 7.35 on Tuesday. The stock’s market capitalization is $456.33 million. The firm has a 50 day moving average price of $6.76 and a 200 day moving average price of $7.58. Lion Biotechnologies has a 52 week low of $4.24 and a 52 week high of $9.58.

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Hedge funds have recently made changes to their positions in the stock. KCG Holdings Inc. purchased a new stake in shares of Lion Biotechnologies during the third quarter valued at about $101,000. Quantitative Investment Management LLC purchased a new stake in shares of Lion Biotechnologies during the second quarter valued at about $117,000. Stevens Capital Management LP purchased a new stake in shares of Lion Biotechnologies during the third quarter valued at about $118,000. TD Asset Management Inc. purchased a new stake in shares of Lion Biotechnologies during the third quarter valued at about $123,000. Finally, Geduld E E boosted its stake in shares of Lion Biotechnologies by 50.0% in the third quarter. Geduld E E now owns 15,000 shares of the biotechnology company’s stock valued at $123,000 after buying an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 79.02% of the company’s stock.

Lion Biotechnologies Company Profile

Lion Biotechnologies, Inc is a clinical-stage biotechnology company. The Company is focused on developing and commercializing cancer immunotherapy products designed to harness the power of a patient’s own immune system to eradicate cancer cells. The Company’s lead pipeline candidate, LN-144, is an adoptive cell therapy using tumor-infiltrating lymphocytes (TIL) to treat patients with refractory metastatic melanoma.

5 Day Chart for NASDAQ:LBIO

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