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QQQ   276.33 (-0.31%)
AAPL   114.57 (-0.34%)
MSFT   207.63 (-0.86%)
FB   262.05 (+2.04%)
GOOGL   1,463.44 (+0.33%)
AMZN   3,155.83 (-0.57%)
TSLA   419.65 (-0.37%)
NVDA   531.70 (+1.98%)
BABA   276.75 (+0.27%)
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GE   6.14 (-0.97%)
MU   50.91 (+2.39%)
AMD   82.37 (+3.64%)
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GILD   62.06 (-1.26%)
NFLX   495.39 (+0.97%)
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BA   164.37 (-1.03%)
BAC   23.86 (-0.95%)
S&P 500   3,342.68 (-0.27%)
DOW   27,525.22 (-0.21%)
QQQ   276.33 (-0.31%)
AAPL   114.57 (-0.34%)
MSFT   207.63 (-0.86%)
FB   262.05 (+2.04%)
GOOGL   1,463.44 (+0.33%)
AMZN   3,155.83 (-0.57%)
TSLA   419.65 (-0.37%)
NVDA   531.70 (+1.98%)
BABA   276.75 (+0.27%)
CGC   14.57 (+2.53%)
GE   6.14 (-0.97%)
MU   50.91 (+2.39%)
AMD   82.37 (+3.64%)
T   28.37 (-0.04%)
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ACB   4.74 (-0.84%)
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AAPL   114.57 (-0.34%)
MSFT   207.63 (-0.86%)
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GOOGL   1,463.44 (+0.33%)
AMZN   3,155.83 (-0.57%)
TSLA   419.65 (-0.37%)
NVDA   531.70 (+1.98%)
BABA   276.75 (+0.27%)
CGC   14.57 (+2.53%)
GE   6.14 (-0.97%)
MU   50.91 (+2.39%)
AMD   82.37 (+3.64%)
T   28.37 (-0.04%)
F   6.62 (-1.05%)
ACB   4.74 (-0.84%)
GILD   62.06 (-1.26%)
NFLX   495.39 (+0.97%)
DIS   124.94 (-0.83%)
BA   164.37 (-1.03%)
BAC   23.86 (-0.95%)
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Immunomedics (NASDAQ:IMMU) Stock Rating Reaffirmed by Barclays

Last updated on Wednesday, September 16, 2020 | 2020 MarketBeat

Immunomedics (NASDAQ:IMMU)'s stock had its "hold" rating restated by investment analysts at Barclays in a report issued on Wednesday, AnalystRatings.com reports. They presently have a $88.00 target price on the biopharmaceutical company's stock. Barclays's price objective would indicate a potential upside of 3.09% from the company's previous close.

A number of other brokerages also recently commented on IMMU. Jefferies Financial Group lowered Immunomedics from a "buy" rating to a "hold" rating in a research report on Tuesday. BidaskClub raised Immunomedics from a "sell" rating to a "hold" rating in a research note on Wednesday. Zacks Investment Research raised shares of Immunomedics from a "hold" rating to a "buy" rating and set a $36.00 price objective on the stock in a research report on Tuesday, June 30th. Bank of America boosted their target price on shares of Immunomedics from $45.00 to $47.00 and gave the stock a "buy" rating in a research report on Monday, August 3rd. Finally, Guggenheim downgraded shares of Immunomedics from a "buy" rating to a "neutral" rating in a report on Tuesday. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of "Hold" and an average price target of $46.85.

Immunomedics stock traded up $0.61 during trading hours on Wednesday, hitting $85.36. The company had a trading volume of 11,274,911 shares, compared to its average volume of 3,837,950. Immunomedics has a fifty-two week low of $8.80 and a fifty-two week high of $86.91. The firm has a market capitalization of $19.73 billion, a P/E ratio of -49.34 and a beta of 3.42. The firm's fifty day moving average is $43.62 and its 200-day moving average is $31.73.

Immunomedics (NASDAQ:IMMU) last posted its quarterly earnings results on Wednesday, August 5th. The biopharmaceutical company reported ($0.73) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.39). The firm had revenue of $20.07 million for the quarter, compared to analyst estimates of $24.81 million. As a group, analysts expect that Immunomedics will post -1.07 EPS for the current year.

Several institutional investors have recently bought and sold shares of IMMU. Los Angeles Capital Management & Equity Research Inc. lifted its position in shares of Immunomedics by 47.0% during the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 18,285 shares of the biopharmaceutical company's stock worth $246,000 after purchasing an additional 5,842 shares during the last quarter. Arizona State Retirement System acquired a new stake in shares of Immunomedics in the first quarter worth $490,000. Rhumbline Advisers increased its position in Immunomedics by 10.6% during the first quarter. Rhumbline Advisers now owns 284,122 shares of the biopharmaceutical company's stock worth $3,830,000 after acquiring an additional 27,123 shares during the period. Bank of New York Mellon Corp raised its stake in Immunomedics by 2.6% during the 1st quarter. Bank of New York Mellon Corp now owns 873,148 shares of the biopharmaceutical company's stock valued at $11,770,000 after purchasing an additional 22,040 shares during the last quarter. Finally, First Trust Advisors LP bought a new stake in Immunomedics in the 1st quarter valued at $1,749,000. Institutional investors and hedge funds own 88.89% of the company's stock.

About Immunomedics

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.

Further Reading: How to find the components of the quick ratio

Analyst Recommendations for Immunomedics (NASDAQ:IMMU)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

7 Retail Stocks That Defied The Pandemic

When the COVID-19 pandemic struck there was no reason to think a retailer, any retailer, would be able to come out alive. After all, the economy was looking at a month or more of shut-down and most retailers survive on a thread of profits. What most analysts failed to consider is the health of the economy going into the pandemic and what that meant for spending power.

The U.S. economy was on the brink of acceleration way back in February of 2020. It was a different time, employment was at its strongest in decades and the consumer was flush. Yes, the stimulus checks helped drive the trends I am alluding to but spending on Stay-at-Home, Home-Improvement, and Outdoor Living began well before those checks were mailed.

What we are about to show you is a group of stocks that were able to defy the pandemic. Some of them were perfectly positioned for the crisis and surfed it like the wave of profits it was. Some were able to adjust and come back fighting. Others circled the wagons and waited out the storm. In all cases, the businesses are supported by a healthy eCommerce presence and benefit from brand recognition, a combination that has digital sales up triple-digits from 2019. And some of them pay a good dividend too!

View the "7 Retail Stocks That Defied The Pandemic".

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