Iovance Biotherapeutics Inc to Post Q3 2018 Earnings of ($0.31) Per Share, Jefferies Group Forecasts (NASDAQ:IOVA)

Iovance Biotherapeutics Inc (NASDAQ:IOVA) – Equities researchers at Jefferies Group issued their Q3 2018 earnings per share (EPS) estimates for shares of Iovance Biotherapeutics in a research report issued to clients and investors on Monday, March 12th, according to Zacks Investment Research. Jefferies Group analyst B. Amin forecasts that the biotechnology company will post earnings of ($0.31) per share for the quarter. Jefferies Group has a “Buy” rating and a $31.00 price objective on the stock. Jefferies Group also issued estimates for Iovance Biotherapeutics’ FY2018 earnings at ($1.22) EPS, FY2019 earnings at ($1.21) EPS, FY2020 earnings at ($1.29) EPS and FY2021 earnings at ($0.57) EPS.

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A number of other equities research analysts have also recently issued reports on the company. BidaskClub cut Iovance Biotherapeutics from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. ValuEngine raised Iovance Biotherapeutics from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. HC Wainwright set a $22.00 target price on Iovance Biotherapeutics and gave the stock a “buy” rating in a research report on Tuesday, March 13th. B. Riley upped their price target on Iovance Biotherapeutics from $18.50 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, March 13th. Finally, Oppenheimer upped their price target on Iovance Biotherapeutics from $13.00 to $19.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $19.72.

Iovance Biotherapeutics stock traded down $0.55 during trading hours on Thursday, reaching $13.85. 902,894 shares of the company were exchanged, compared to its average volume of 979,769. The stock has a market capitalization of $1,288.02, a P/E ratio of -9.82 and a beta of 5.75. Iovance Biotherapeutics has a 12 month low of $4.45 and a 12 month high of $19.90.

Iovance Biotherapeutics (NASDAQ:IOVA) last announced its earnings results on Monday, March 12th. The biotechnology company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.04).

Several hedge funds have recently modified their holdings of IOVA. Orbimed Advisors LLC lifted its holdings in shares of Iovance Biotherapeutics by 89.9% during the third quarter. Orbimed Advisors LLC now owns 6,425,626 shares of the biotechnology company’s stock worth $49,799,000 after buying an additional 3,042,726 shares during the last quarter. Vanguard Group Inc. acquired a new position in shares of Iovance Biotherapeutics during the second quarter worth approximately $16,113,000. Farallon Capital Management LLC lifted its holdings in shares of Iovance Biotherapeutics by 119.6% during the fourth quarter. Farallon Capital Management LLC now owns 1,866,900 shares of the biotechnology company’s stock worth $14,935,000 after buying an additional 1,016,900 shares during the last quarter. State Street Corp acquired a new position in shares of Iovance Biotherapeutics during the second quarter worth approximately $7,286,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Iovance Biotherapeutics by 63.4% in the third quarter. JPMorgan Chase & Co. now owns 1,779,700 shares of the biotechnology company’s stock valued at $14,059,000 after purchasing an additional 690,527 shares in the last quarter. Institutional investors own 64.44% of the company’s stock.

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Iovance Biotherapeutics 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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Earnings History and Estimates for Iovance Biotherapeutics (NASDAQ:IOVA)

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