Immunomedics, Inc. (NASDAQ:IMMU) insider Avoro Capital Advisors Llc bought 750,000 shares of Immunomedics stock in a transaction dated Wednesday, May 15th. The shares were acquired at an average cost of $15.11 per share, with a total value of $11,332,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Avoro Capital Advisors Llc also recently made the following trade(s):

  • On Monday, May 13th, Avoro Capital Advisors Llc acquired 500,000 shares of Immunomedics stock. The stock was purchased at an average cost of $15.07 per share, with a total value of $7,535,000.00.

NASDAQ IMMU traded up $0.95 during mid-day trading on Thursday, hitting $15.88. The stock had a trading volume of 139,000 shares, compared to its average volume of 3,111,805. Immunomedics, Inc. has a twelve month low of $11.55 and a twelve month high of $27.33. The company has a debt-to-equity ratio of 0.04, a quick ratio of 7.89 and a current ratio of 7.89. The company has a market cap of $2.95 billion, a P/E ratio of -15.50 and a beta of 1.97.

Immunomedics (NASDAQ:IMMU) last issued its earnings results on Thursday, May 9th. The biopharmaceutical company reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.10). During the same period last year, the business earned ($0.21) earnings per share. As a group, sell-side analysts predict that Immunomedics, Inc. will post -1.39 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. Exane Derivatives acquired a new stake in shares of Immunomedics in the 4th quarter worth $32,000. Karp Capital Management Corp acquired a new stake in shares of Immunomedics in the 4th quarter worth $33,000. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Immunomedics by 5,473.5% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,895 shares of the biopharmaceutical company’s stock worth $35,000 after acquiring an additional 1,861 shares during the last quarter. Global Retirement Partners LLC increased its stake in shares of Immunomedics by 215.7% in the 1st quarter. Global Retirement Partners LLC now owns 1,910 shares of the biopharmaceutical company’s stock worth $37,000 after acquiring an additional 1,305 shares during the last quarter. Finally, Cornerstone Advisors Inc. acquired a new stake in shares of Immunomedics in the 1st quarter worth $40,000. 86.11% of the stock is owned by institutional investors and hedge funds.

IMMU has been the subject of several recent research reports. BidaskClub downgraded Immunomedics from a “buy” rating to a “hold” rating in a research note on Wednesday, February 13th. HC Wainwright set a $28.00 price objective on Immunomedics and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Zacks Investment Research downgraded Immunomedics from a “hold” rating to a “sell” rating in a research note on Thursday, January 24th. ValuEngine downgraded Immunomedics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 24th. Finally, Cowen reissued a “buy” rating and issued a $30.00 price objective on shares of Immunomedics in a research note on Friday, January 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $28.45.

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Immunomedics Company Profile

Immunomedics, Inc, a clinical-stage biopharmaceutical company, develops monoclonal antibody-based products for the targeted treatment of cancer. Its advanced antibody-drug conjugates are sacituzumab govitecan and labetuzumab govitecan, which are in advanced trials for various solid tumors and metastatic colorectal cancer, respectively.

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