ImmunityBio, Inc. (NASDAQ:IBRX - Get Free Report) Director Cheryl Cohen sold 131,210 shares of the company's stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $9.50, for a total transaction of $1,246,495.00. Following the sale, the director directly owned 125,386 shares in the company, valued at approximately $1,191,167. This trade represents a 51.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
ImmunityBio Price Performance
Shares of IBRX stock opened at $8.91 on Tuesday. The company's fifty day simple moving average is $7.72 and its two-hundred day simple moving average is $6.81. ImmunityBio, Inc. has a 1 year low of $1.95 and a 1 year high of $12.43. The stock has a market capitalization of $9.33 billion, a price-to-earnings ratio of -10.48 and a beta of 0.01.
ImmunityBio (NASDAQ:IBRX - Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.62) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.54). The firm had revenue of $44.21 million for the quarter, compared to the consensus estimate of $43.07 million. Equities research analysts anticipate that ImmunityBio, Inc. will post -0.31 EPS for the current year.
Hedge Funds Weigh In On ImmunityBio
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Swiss Life Asset Management Ltd purchased a new stake in ImmunityBio in the third quarter worth about $27,000. WealthPlan Investment Management LLC purchased a new position in shares of ImmunityBio during the 4th quarter worth approximately $27,000. Diversify Advisory Services LLC bought a new position in shares of ImmunityBio in the 2nd quarter worth approximately $27,000. Kovack Advisors Inc. purchased a new position in shares of ImmunityBio in the 4th quarter valued at approximately $27,000. Finally, Cherry Creek Investment Advisors Inc. purchased a new position in shares of ImmunityBio in the 4th quarter valued at approximately $28,000. Hedge funds and other institutional investors own 8.58% of the company's stock.
Analyst Ratings Changes
Several equities analysts have recently commented on the company. BTIG Research reiterated a "buy" rating and set a $12.00 price objective on shares of ImmunityBio in a research report on Thursday, May 21st. HC Wainwright reaffirmed a "buy" rating and issued a $15.00 target price on shares of ImmunityBio in a research note on Tuesday, June 2nd. D. Boral Capital reiterated a "buy" rating and set a $23.00 price target on shares of ImmunityBio in a research report on Tuesday, May 5th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of ImmunityBio in a report on Tuesday, April 14th. Six research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $14.20.
Check Out Our Latest Research Report on IBRX
ImmunityBio Company Profile
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Get Free Report)
ImmunityBio, Inc is a clinical-stage biotechnology company specializing in the development of novel immunotherapies for cancer and infectious diseases. The company’s research platform centers on harnessing the power of the human immune system—through engineered T cells, natural killer (NK) cells, cytokine superagonists and viral-vectored vaccines—to target and eliminate diseased cells across a range of indications.
Among its lead assets is Anktiva (formerly known as N-803), an interleukin-15 superagonist designed to stimulate NK and T cell activity.
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