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Analysts Expect Jounce Therapeutics Inc (NASDAQ:JNCE) to Post -$0.80 EPS

Last updated on Saturday, October 17, 2020 | 2020 MarketBeat

Wall Street brokerages expect that Jounce Therapeutics Inc (NASDAQ:JNCE) will report earnings per share of ($0.80) for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Jounce Therapeutics' earnings, with the lowest EPS estimate coming in at ($1.25) and the highest estimate coming in at ($0.65). Jounce Therapeutics posted earnings per share of $2.90 in the same quarter last year, which suggests a negative year over year growth rate of 127.6%. The firm is scheduled to report its next quarterly earnings report on Thursday, November 5th.

According to Zacks, analysts expect that Jounce Therapeutics will report full year earnings of ($3.05) per share for the current year, with EPS estimates ranging from ($3.63) to ($2.72). For the next year, analysts expect that the business will report earnings of ($2.44) per share, with EPS estimates ranging from ($2.75) to ($2.15). Zacks' earnings per share calculations are a mean average based on a survey of research analysts that follow Jounce Therapeutics.

Jounce Therapeutics (NASDAQ:JNCE) last issued its earnings results on Friday, August 7th. The company reported ($0.82) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.72) by ($0.10).

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. reissued a "sell" rating on shares of Jounce Therapeutics in a research note on Friday, August 21st. BidaskClub raised shares of Jounce Therapeutics from a "strong sell" rating to a "sell" rating in a research note on Friday, September 11th. ValuEngine upgraded shares of Jounce Therapeutics from a "hold" rating to a "buy" rating in a report on Tuesday, September 1st. Zacks Investment Research cut shares of Jounce Therapeutics from a "hold" rating to a "sell" rating in a report on Thursday, August 13th. Finally, Roth Capital initiated coverage on shares of Jounce Therapeutics in a report on Friday, September 18th. They set a "buy" rating and a $28.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company's stock. The stock has an average rating of "Hold" and an average price target of $13.75.

In related news, Director Barbara Gayle Duncan sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $10.00, for a total value of $100,000.00. Following the sale, the director now owns 10,000 shares in the company, valued at $100,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kimberlee C. Drapkin sold 7,200 shares of the firm's stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $8.06, for a total transaction of $58,032.00. Following the completion of the sale, the chief financial officer now owns 61,708 shares in the company, valued at approximately $497,366.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,110 shares of company stock worth $176,378. Corporate insiders own 43.96% of the company's stock.

A number of hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. bought a new position in Jounce Therapeutics in the second quarter worth approximately $116,000. Nuveen Asset Management LLC raised its position in Jounce Therapeutics by 2.9% in the second quarter. Nuveen Asset Management LLC now owns 69,999 shares of the company's stock worth $483,000 after acquiring an additional 1,963 shares during the period. Charles Schwab Investment Management Inc. raised its position in Jounce Therapeutics by 22.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 284,319 shares of the company's stock worth $1,962,000 after acquiring an additional 51,234 shares during the period. Jacobs Levy Equity Management Inc. raised its position in Jounce Therapeutics by 3.4% in the second quarter. Jacobs Levy Equity Management Inc. now owns 180,748 shares of the company's stock worth $1,247,000 after acquiring an additional 5,999 shares during the period. Finally, Sei Investments Co. raised its position in Jounce Therapeutics by 29.1% in the second quarter. Sei Investments Co. now owns 137,912 shares of the company's stock worth $949,000 after acquiring an additional 31,080 shares during the period. Institutional investors own 74.08% of the company's stock.

NASDAQ JNCE traded up $0.14 during trading on Friday, hitting $10.06. 294,019 shares of the company's stock traded hands, compared to its average volume of 625,505. The stock has a fifty day moving average of $8.27 and a two-hundred day moving average of $6.05. Jounce Therapeutics has a 12-month low of $2.85 and a 12-month high of $11.72. The firm has a market cap of $342.72 million, a P/E ratio of 16.23 and a beta of 1.69.

Jounce Therapeutics Company Profile

Jounce Therapeutics, Inc, a clinical-stage immunotherapy company, develops therapies for the treatment of cancer. The company offers vopratelimab, a clinical-stage monoclonal antibody that binds to and activates the Inducible T cell CO-Stimulator, a protein on the surface of T cells found in various solid tumors, which is in Phase I/II clinical trial for the treatment of head and neck squamous cell cancer, non-small cell lung cancer, triple negative breast cancer, gastric cancer, and other tumor types identified through its translational science platform.

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