Immune Design (IMDZ) Announces Earnings Results

Immune Design (NASDAQ:IMDZ) posted its quarterly earnings results on Tuesday. The biotechnology company reported ($0.29) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.03, Fidelity Earnings reports. Immune Design had a negative net margin of 2,409.84% and a negative return on equity of 41.43%. The company had revenue of $0.46 million during the quarter, compared to analyst estimates of $0.75 million.

Shares of NASDAQ IMDZ traded down $0.01 during midday trading on Thursday, reaching $1.51. 6,922 shares of the stock were exchanged, compared to its average volume of 977,827. The stock has a market capitalization of $71.77 million, a price-to-earnings ratio of -0.86 and a beta of 2.54. Immune Design has a twelve month low of $1.29 and a twelve month high of $5.05.

A number of equities analysts have issued reports on the stock. HC Wainwright set a $8.00 price target on shares of Immune Design and gave the stock a “buy” rating in a research report on Wednesday. Zacks Investment Research raised shares of Immune Design from a “hold” rating to a “buy” rating and set a $2.00 price objective on the stock in a research note on Tuesday, October 16th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $11.00 price objective on shares of Immune Design in a research note on Friday, October 12th. Finally, Leerink Swann cut shares of Immune Design from an “outperform” rating to a “market perform” rating in a research note on Friday, October 12th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $7.25.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Northern Trust Corp grew its stake in shares of Immune Design by 11.0% during the 2nd quarter. Northern Trust Corp now owns 357,880 shares of the biotechnology company’s stock worth $1,628,000 after purchasing an additional 35,439 shares during the period. Bank of America Corp DE grew its stake in shares of Immune Design by 231.9% during the 2nd quarter. Bank of America Corp DE now owns 46,754 shares of the biotechnology company’s stock worth $212,000 after purchasing an additional 32,669 shares during the period. DRW Securities LLC grew its stake in shares of Immune Design by 59.2% during the 2nd quarter. DRW Securities LLC now owns 58,900 shares of the biotechnology company’s stock worth $268,000 after purchasing an additional 21,900 shares during the period. Portolan Capital Management LLC acquired a new stake in Immune Design in the 2nd quarter valued at $2,024,000. Finally, Tiverton Asset Management LLC acquired a new stake in Immune Design in the 2nd quarter valued at $176,000. 49.36% of the stock is currently owned by institutional investors and hedge funds.

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Immune Design Company Profile

Immune Design Corp., a clinical-stage immunotherapy company, engages in the research and development of in vivo treatments for cancer. The company primarily develops oncology product candidates based on its ZVex and GLAAS discovery platforms. Its lead products include CMB305, a cancer vaccine targeting the NY-ESO-1 tumor antigen, which is in Phase 2 trial for the treatment of patients with synovial and MRCL sarcoma as a monotherapy; and G100, an antigen agnostic intratumoral product candidate as a monotherapy and combination therapy for the treatment of patients with follicular non-Hodgkin Lymphoma.

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Earnings History for Immune Design (NASDAQ:IMDZ)

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