Lion Biotechnologies, Inc. (NASDAQ:IOVA) – Investment analysts at FBR & Co issued their Q3 2017 earnings per share (EPS) estimates for shares of Lion Biotechnologies in a research report issued to clients and investors on Tuesday, according to Zacks Investment Research. FBR & Co analyst M. Kumar anticipates that the biotechnology company will post earnings per share of ($0.30) for the quarter. FBR & Co currently has a “Buy” rating and a $17.50 price target on the stock. FBR & Co also issued estimates for Lion Biotechnologies’ Q4 2017 earnings at ($0.30) EPS, FY2017 earnings at ($1.22) EPS, Q1 2018 earnings at ($0.34) EPS, Q2 2018 earnings at ($0.34) EPS, Q4 2018 earnings at ($0.34) EPS, FY2018 earnings at ($1.36) EPS, FY2020 earnings at ($1.07) EPS and FY2021 earnings at ($0.34) EPS.
A number of other equities research analysts have also weighed in on IOVA. HC Wainwright restated a “buy” rating and issued a $16.00 target price on shares of Lion Biotechnologies in a report on Wednesday, September 13th. Jefferies Group LLC reiterated a “buy” rating and issued a $11.00 price objective on shares of Lion Biotechnologies in a research note on Tuesday, September 5th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $13.00 price objective on shares of Lion Biotechnologies in a research note on Tuesday, September 26th. Chardan Capital reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Lion Biotechnologies in a report on Friday, September 1st. Finally, Zacks Investment Research raised shares of Lion Biotechnologies from a “hold” rating to a “buy” rating and set a $8.25 price objective for the company in a report on Tuesday, October 17th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $14.53.
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Lion Biotechnologies (NASDAQ:IOVA) traded up $0.20 during mid-day trading on Friday, hitting $8.05. 517,300 shares of the stock were exchanged, compared to its average volume of 363,658. Lion Biotechnologies has a one year low of $4.45 and a one year high of $8.60.
Lion Biotechnologies (NASDAQ:IOVA) last issued its quarterly earnings results on Tuesday, October 31st. The biotechnology company reported ($0.35) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.34) by ($0.01).
Several institutional investors have recently bought and sold shares of IOVA. Franklin Resources Inc. purchased a new stake in shares of Lion Biotechnologies during the 2nd quarter valued at $37,844,000. FMR LLC purchased a new position in Lion Biotechnologies in the 2nd quarter worth $20,833,000. Victory Capital Management Inc. purchased a new position in Lion Biotechnologies in the 2nd quarter worth $19,013,000. Broadfin Capital LLC purchased a new position in Lion Biotechnologies in the 2nd quarter worth $16,731,000. Finally, Vanguard Group Inc. purchased a new position in Lion Biotechnologies in the 2nd quarter worth $16,113,000. Hedge funds and other institutional investors own 66.64% of the company’s stock.
Lion Biotechnologies Company Profile
Iovance Biotherapeutics, Inc, formerly Lion Biotechnologies, Inc, is a clinical-stage biopharmaceutical company. The Company is focused on the development and commercialization of cancer immunotherapy products designed to harness the power of a patient’s own immune system to eradicate cancer cells. The Company’s lead program is an adoptive cell therapy utilizing tumor-infiltrating lymphocytes, which are T cells derived from patients’ tumors, for the treatment of metastatic melanoma.
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