ImmunityBio, Inc. (NASDAQ:IBRX – Get Free Report) Director Cheryl Cohen sold 131,210 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $9.50, for a total value of $1,246,495.00. Following the transaction, the director directly owned 125,386 shares of the company’s stock, valued at $1,191,167. The trade was a 51.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
ImmunityBio Stock Performance
NASDAQ IBRX opened at $8.76 on Wednesday. The stock has a market cap of $9.17 billion, a P/E ratio of -10.31 and a beta of 0.01. ImmunityBio, Inc. has a fifty-two week low of $1.95 and a fifty-two week high of $12.43. The stock has a 50 day simple moving average of $7.75 and a two-hundred day simple moving average of $6.86.
ImmunityBio (NASDAQ:IBRX – Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.54). The firm had revenue of $44.21 million during the quarter, compared to analysts’ expectations of $43.07 million. Sell-side analysts predict that ImmunityBio, Inc. will post -0.31 earnings per share for the current year.
Hedge Funds Weigh In On ImmunityBio
Analysts Set New Price Targets
IBRX has been the topic of a number of research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ImmunityBio in a research note on Tuesday, April 14th. BTIG Research reaffirmed a “buy” rating and set a $12.00 price objective on shares of ImmunityBio in a research report on Thursday, May 21st. HC Wainwright reissued a “buy” rating and issued a $15.00 target price on shares of ImmunityBio in a research report on Tuesday, June 2nd. Finally, D. Boral Capital restated a “buy” rating and issued a $23.00 target price on shares of ImmunityBio in a research note on Tuesday, May 5th. Six investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, ImmunityBio presently has an average rating of “Moderate Buy” and a consensus target price of $14.20.
Check Out Our Latest Stock Analysis on ImmunityBio
About ImmunityBio
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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