Immunovant, Inc.

Equities

IMVT

US45258J1025

Biotechnology & Medical Research

Market Closed - Nasdaq Other stock markets 16:00:00 2024-06-20 EDT			5-day change	1st Jan Change
27.29 ^USD	+4.20%		+2.59%	-35.22%

06-03	Oppenheimer Adjusts Immunovant Price Target to $46 From $50, Maintains Outperform Rating	MT
05-30	Sector Update: Health Care Stocks Mixed Pre-Bell Thursday	MT

Immunovant, Inc. Reports Earnings Results for the Fourth Quarter Ended March 31, 2024

May 29, 2024 at 04:01 pm

Immunovant, Inc. reported earnings results for the fourth quarter ended March 31, 2024. For the fourth quarter, the company reported net loss was USD 75.32 million compared to USD 59.43 million a year ago. Basic loss per share from continuing operations was USD 0.52 compared to USD 0.46 a year ago.

Latest news about Immunovant, Inc.

Oppenheimer Adjusts Immunovant Price Target to $46 From $50, Maintains Outperform Rating	06-03	MT
Sector Update: Health Care Stocks Mixed Pre-Bell Thursday	05-30	MT
Immunovant Q4 Loss Widens -- Shares Fall After-Hours	05-29	MT
Immunovant, Inc. Reports Earnings Results for the Full Year Ended March 31, 2024	05-29	CI
Immunovant, Inc. Reports Earnings Results for the Fourth Quarter Ended March 31, 2024	05-29	CI
Immunovant Insider Sold Shares Worth $479,233, According to a Recent SEC Filing	05-24	MT
Immunovant Insider Sold Shares Worth $990,269, According to a Recent SEC Filing	04-19	MT
Immunovant Insider Sold Shares Worth $293,923, According to a Recent SEC Filing	04-19	MT
Oppenheimer Initiates Coverage on Immunovant With Outperform Rating, $50 Price Target	03-28	MT
Goldman Sachs Starts Coverage on Immunovant With Buy Rating, $50 Price Target	03-13	MT
Immunovant Insider Sold Shares Worth $486,362, According to a Recent SEC Filing	02-23	MT
JPMorgan Starts Coverage on Immunovant With Overweight Rating, $51 Price Target	02-20	MT
Wolfe Research Starts Immunovant With Outperform Rating, $55 Price Target	02-15	MT
Immunovant Posts Narrower Fiscal Q3 Loss	02-12	MT
Immunovant, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023	02-12	CI
North American Morning Briefing : Stock Futures -2-	02-09	DJ
North American Morning Briefing : Jobs Report Tops -2-	02-02	DJ
Immunovant Insider Sold Shares Worth $383,012, According to a Recent SEC Filing	01-29	MT
Transcript : Immunovant, Inc. Presents at J.P. Morgan 42nd Annual Healthcare Conference 2024, Jan-09-2024 07:30 AM	01-09
Sector Update: Health Care Stocks Edge Higher Premarket Thursday	12-21	MT
HC Wainwright Adjusts Price Target on Immunovant to $51 From $47, Keeps Buy Rating	12-21	MT
Immunovant Gets Positive Data From Graves' Disease Treatment Trial	12-20	DJ
Immunovant's Batoclimab for Graves' Disease Produces Meaningful Response Rates in Study; Shares Jump After Hours	12-20	MT
Immunovant, Inc. Announces Results from the Initial Cohort of Patients in an Ongoing 24-Week Phase 2 Clinical Trial of Batoclimab in Patients with Graves' Disease Meaningfully Exceeded 50% Response Rates	12-20	CI
Top Premarket Decliners	12-20	MT

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Company Profile

Immunovant, Inc. is a clinical-stage immunology company. The Company is focused on developing treatments for patients with autoimmune diseases. Its product pipeline includes batoclimab and IMVT-1402, both of which are novel, fully human monoclonal antibodies that target the neonatal fragment crystallizable receptor (FcRn). Batoclimab is a subcutaneous injection with dosing. Batoclimab is observed to reduce immunoglobulin G (IgG) antibodies that cause inflammation and disease. Its product candidate, batoclimab, is dosed in small volumes and with a 27-gauge needle. It is developing batoclimab for myasthenia gravis (MG), thyroid eye disease (TED), chronic inflammatory demyelinating polyneuropathy (CIDP) and Gravesâ disease (GD). Its lead product candidate IMVT-1402 has also been observed to reduce IgG antibody levels in a Phase I clinical trial conducted in healthy adults. IMVT-1402 is a fully human monoclonal antibody that inhibits FcRn.

Sector

Biotechnology & Medical Research

Calendar

2024-08-06 - Q1 2025 Earnings Release (Projected)

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Russell 2000

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

27.29 USD

Average target price

49.14 USD

Spread / Average Target

+80.08%

Consensus

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Estimates Revisions

Quarterly earnings - Rate of surprise

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