Immunic (NASDAQ:IMUX) Receives Buy Rating from D. Boral Capital

D. Boral Capital reaffirmed their buy rating on shares of Immunic (NASDAQ:IMUXFree Report) in a research note released on Thursday morning,Benzinga reports. They currently have a $17.00 target price on the stock.

Several other equities analysts also recently commented on the company. HC Wainwright initiated coverage on Immunic in a research report on Monday, November 25th. They issued a “buy” rating and a $10.00 target price on the stock. StockNews.com downgraded Immunic from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $12.67.

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Immunic Stock Up 6.6 %

Shares of NASDAQ IMUX opened at $1.26 on Thursday. The business’s 50 day moving average price is $1.02 and its two-hundred day moving average price is $1.26. The company has a market cap of $113.32 million, a PE ratio of -1.02 and a beta of 1.87. Immunic has a twelve month low of $0.92 and a twelve month high of $2.11.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IMUX. Connor Clark & Lunn Investment Management Ltd. raised its position in Immunic by 70.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 102,257 shares of the company’s stock worth $169,000 after purchasing an additional 42,383 shares during the last quarter. State Street Corp grew its holdings in Immunic by 7.5% during the 3rd quarter. State Street Corp now owns 167,145 shares of the company’s stock worth $276,000 after acquiring an additional 11,642 shares during the period. Jane Street Group LLC grew its holdings in Immunic by 121.4% during the 3rd quarter. Jane Street Group LLC now owns 70,299 shares of the company’s stock worth $116,000 after acquiring an additional 38,553 shares during the period. Virtu Financial LLC acquired a new stake in Immunic during the 3rd quarter worth about $50,000. Finally, HB Wealth Management LLC acquired a new stake in Immunic during the 4th quarter worth about $81,000. 51.82% of the stock is owned by institutional investors.

About Immunic

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Immunic, Inc, a biotechnology company, develops a pipeline of selective oral immunology therapies for the treatment of chronic inflammatory and autoimmune diseases in the United States and Germany. Its lead development program is IMU-838, which is in Phase 3 clinical trial, for treatment of multiple sclerosis, including relapsing and progressive multiple sclerosis; and moderate-to-severe ulcerative colitis.

Further Reading

Analyst Recommendations for Immunic (NASDAQ:IMUX)

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