H.C. Wainwright Keeps a Buy Rating on IMV (IMV)

H.C. Wainwright analyst Joseph Pantginis reiterated a Buy rating on IMV (IMVResearch Report) today and set a price target of $13.00. The company’s shares closed last Tuesday at $3.19.

According to TipRanks.com, Pantginis is a top 100 analyst with an average return of 41.6% and a 61.4% success rate. Pantginis covers the Healthcare sector, focusing on stocks such as Applied Genetic Technologies, Catabasis Pharmaceuticals, and Lineage Cell Therapeutics.

The the analyst consensus on IMV is currently a Moderate Buy rating.

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Based on IMV’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $9.6 million. In comparison, last year the company earned revenue of $33K and had a GAAP net loss of $8.48 million.

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IMV, Inc. is a clinical-stage biopharmaceutical company pioneering a new class of immunotherapy in Oncology. Its proprietary drug delivery platform (DPX) enables the programming of immune cells in vivo. The firm’s candidate, DPX-Survivac, is a T cell-activating immunotherapy combining DPX with a specific tumor target: Survivin. DPX-Survivac is in clinical evaluation as a monotherapy in advanced ovarian cancer and in combination with Merck’s Keytruda across multiple cancer indications. The company was founded by Warwick Kimmins and Brian E. Lowe on March 28, 2000 and is headquartered in Dartmouth, Canada.