Immunomedics (NASDAQ:IMMU) Upgraded at TheStreet

Immunomedics (NASDAQ:IMMU) was upgraded by stock analysts at TheStreet from a “d” rating to a “c-” rating in a research note issued to investors on Friday, February 9th.

Several other equities analysts have also recently issued reports on the stock. Jefferies Group upped their price target on shares of Immunomedics from $22.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. BidaskClub upgraded shares of Immunomedics from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 25th. ValuEngine upgraded shares of Immunomedics from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research cut shares of Immunomedics from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $19.00.

Shares of Immunomedics (NASDAQ IMMU) traded up $0.38 during trading hours on Friday, reaching $16.47. 1,693,900 shares of the company traded hands, compared to its average volume of 2,511,537. The company has a market cap of $2,730.46, a P/E ratio of -8.15 and a beta of 1.50. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.26 and a current ratio of 1.26. Immunomedics has a fifty-two week low of $4.73 and a fifty-two week high of $18.93.

Several institutional investors have recently added to or reduced their stakes in IMMU. Bank of New York Mellon Corp increased its holdings in Immunomedics by 8.5% during the third quarter. Bank of New York Mellon Corp now owns 681,419 shares of the biopharmaceutical company’s stock worth $9,527,000 after buying an additional 53,284 shares during the last quarter. State Street Corp increased its holdings in Immunomedics by 37.2% during the second quarter. State Street Corp now owns 4,818,847 shares of the biopharmaceutical company’s stock worth $42,549,000 after buying an additional 1,305,298 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Immunomedics by 117.6% during the second quarter. Goldman Sachs Group Inc. now owns 907,623 shares of the biopharmaceutical company’s stock worth $8,015,000 after buying an additional 490,544 shares during the last quarter. NEA Management Company LLC purchased a new position in shares of Immunomedics in the third quarter worth about $38,762,000. Finally, Lord Abbett & CO. LLC purchased a new position in shares of Immunomedics in the second quarter worth about $10,570,000. 72.69% of the stock is currently owned by hedge funds and other institutional investors.

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Immunomedics Company Profile

Immunomedics, Inc is a clinical-stage biopharmaceutical company. The Company is engaged in developing monoclonal antibody-based products for the targeted treatment of cancer, autoimmune disorders and other serious diseases. Its geographic segments include United States and Europe. Its technologies allow it to create humanized antibodies that can be used either alone in unlabeled or naked form, or conjugated with radioactive isotopes, chemotherapeutics, cytokines or toxins.

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