On March 30, 2023, Stifel initiated coverage of Immunovant with a Buy recommendation.
Analyst Price Forecast Suggests 56.92% Upside
As of March 30, 2023, the average one-year price target for Immunovant is $24.28. The forecasts range from a low of $4.04 to a high of $32.55. The average price target represents an increase of 56.92% from its latest reported closing price of $15.47.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Immunovant is $0MM. The projected annual non-GAAP EPS is -$1.61.
What are Large Shareholders Doing?
Deep Track Capital holds 9,710K shares representing 7.51% ownership of the company. In it's prior filing, the firm reported owning 9,860K shares, representing a decrease of 1.55%. The firm increased its portfolio allocation in IMVT by 187.18% over the last quarter.
ETAHX - Eventide Healthcare & Life Sciences Fund Shares holds 3,694K shares representing 2.86% ownership of the company. In it's prior filing, the firm reported owning 5,373K shares, representing a decrease of 45.45%. The firm increased its portfolio allocation in IMVT by 101.83% over the last quarter.
Eventide Asset Management holds 3,694K shares representing 2.86% ownership of the company. In it's prior filing, the firm reported owning 5,373K shares, representing a decrease of 45.45%. The firm decreased its portfolio allocation in IMVT by 99.78% over the last quarter.
Logos Global Management holds 3,150K shares representing 2.44% ownership of the company. In it's prior filing, the firm reported owning 0K shares, representing an increase of 100.00%.
Bvf holds 2,561K shares representing 1.98% ownership of the company. In it's prior filing, the firm reported owning 0K shares, representing an increase of 100.00%.
What is the Fund Sentiment?
There are 291 funds or institutions reporting positions in Immunovant. This is an increase of 39 owner(s) or 15.48% in the last quarter. Average portfolio weight of all funds dedicated to IMVT is 0.19%, an increase of 151.77%. Total shares owned by institutions increased in the last three months by 26.73% to 61,942K shares. The put/call ratio of IMVT is 0.23, indicating a bullish outlook.
Immunovant Background Information
(This description is provided by the company.)
Immunovant is a clinical-stage biopharmaceutical company focused on enabling normal lives for patients with autoimmune diseases. Immunovant is developing IMVT-1401, a novel, fully human anti-FcRn monoclonal antibody, as a subcutaneous injection for the treatment of autoimmune diseases mediated by pathogenic IgG antibodies.
This story originally appeared on Fintel.
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