UBS Group AG Purchases 916,842 Shares of Invivyd, Inc. $IVVD

UBS Group AG lifted its position in shares of Invivyd, Inc. (NASDAQ:IVVDFree Report) by 683.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,050,923 shares of the company’s stock after purchasing an additional 916,842 shares during the quarter. UBS Group AG’s holdings in Invivyd were worth $2,596,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. RA Capital Management L.P. bought a new position in shares of Invivyd during the third quarter worth $18,831,000. ADAR1 Capital Management LLC bought a new position in shares of Invivyd during the third quarter worth $8,108,000. Vanguard Group Inc. boosted its position in shares of Invivyd by 46.7% during the third quarter. Vanguard Group Inc. now owns 5,762,894 shares of the company’s stock worth $6,339,000 after purchasing an additional 1,834,970 shares in the last quarter. Millennium Management LLC boosted its position in shares of Invivyd by 15.8% during the third quarter. Millennium Management LLC now owns 1,446,615 shares of the company’s stock worth $1,591,000 after purchasing an additional 197,522 shares in the last quarter. Finally, Boothbay Fund Management LLC bought a new position in shares of Invivyd during the third quarter worth $894,000. 70.36% of the stock is owned by institutional investors.

Invivyd Stock Performance

IVVD opened at $1.10 on Wednesday. The stock has a market capitalization of $324.07 million, a P/E ratio of -3.55 and a beta of 0.71. Invivyd, Inc. has a 12 month low of $0.48 and a 12 month high of $3.07. The firm’s fifty day simple moving average is $1.42 and its 200 day simple moving average is $1.87.

Invivyd (NASDAQ:IVVDGet Free Report) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.05). Invivyd had a negative net margin of 138.90% and a negative return on equity of 53.48%. The company had revenue of $13.74 million during the quarter, compared to the consensus estimate of $18.04 million. On average, equities research analysts predict that Invivyd, Inc. will post -0.5 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on IVVD. Wall Street Zen cut shares of Invivyd from a “hold” rating to a “strong sell” rating in a research report on Saturday, May 16th. BTIG Research reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Invivyd in a research report on Monday, May 18th. HC Wainwright reaffirmed a “buy” rating on shares of Invivyd in a research report on Thursday, May 14th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Invivyd in a research report on Wednesday, April 29th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $8.00.

View Our Latest Stock Report on Invivyd

About Invivyd

(Free Report)

Invivyd, Inc, a commercial-stage biopharmaceutical company, focuses on the discovery, development, and commercialization of antibody-based solutions for infectious diseases in the United States. The company developed INVYMAB, a platform that combines viral surveillance and predictive modeling with advanced antibody engineering. Its pipeline includes PEMGRADA (pemivibart) injection, a half-life extended investigational monoclonal antibody (mAb) for the prevention of COVID-19 in adults and adolescents; VYD2311, an mAb candidate which is in preclinical studies for the prevention or treatment for COVID-19; and adintrvimab, that is in phase 3 clinical trials for the prevention or treatment of COVID-19.

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Institutional Ownership by Quarter for Invivyd (NASDAQ:IVVD)

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