Innate Pharma S.A. (NASDAQ:IPHA – Get Rating) – Research analysts at HC Wainwright cut their FY2022 earnings estimates for Innate Pharma in a note issued to investors on Wednesday, November 16th. HC Wainwright analyst S. Ramakanth now forecasts that the company will post earnings of ($0.40) per share for the year, down from their prior estimate of ($0.39). The consensus estimate for Innate Pharma’s current full-year earnings is ($0.44) per share. HC Wainwright also issued estimates for Innate Pharma’s FY2023 earnings at ($0.92) EPS and FY2024 earnings at ($0.71) EPS.
IPHA has been the subject of several other research reports. Citigroup reduced their target price on shares of Innate Pharma from $16.00 to $12.00 and set a “buy” rating for the company in a report on Friday, September 16th. Kepler Capital Markets downgraded shares of Innate Pharma from a “buy” rating to a “hold” rating and set a €3.10 ($3.20) price objective on the stock. in a research note on Wednesday, August 3rd. Finally, SVB Leerink reduced their price target on shares of Innate Pharma from $10.00 to $9.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 15th.
Innate Pharma Stock Performance
Institutional Investors Weigh In On Innate Pharma
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Balyasny Asset Management LLC purchased a new stake in Innate Pharma in the third quarter worth approximately $32,000. Jane Street Group LLC raised its holdings in Innate Pharma by 156.3% in the first quarter. Jane Street Group LLC now owns 37,736 shares of the company’s stock worth $127,000 after purchasing an additional 23,012 shares in the last quarter. Optiver Holding B.V. raised its holdings in Innate Pharma by 366.8% in the second quarter. Optiver Holding B.V. now owns 181,944 shares of the company’s stock worth $491,000 after purchasing an additional 142,970 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Innate Pharma by 27.4% during the first quarter. BlackRock Inc. now owns 504,408 shares of the company’s stock valued at $1,695,000 after acquiring an additional 108,335 shares in the last quarter. 1.20% of the stock is currently owned by institutional investors.
About Innate Pharma
Innate Pharma SA, a biotechnology company, discovers, develops, and commercializes therapeutic antibodies for the treatment of oncology indications in France and internationally. The company's products include Lacutamab (IPH4102), an anti-KIR3DL2 antibody, which is in Phase II clinical trials for the treatment of cutaneous T-cell and peripheral T-cell lymphoma, as well as in Phase II clinical trials to treat refractory sézary syndrome; Monalizumab, an immune checkpoint inhibitor that is in Phase III clinical trial to treat advanced solid tumors comprising colorectal and lung cancer, as well as head and neck cancer; Avdoralimab (IPH5401), a monoclonal antibody blocking C5a binding to C5aR1 that is in Phase II clinicals trials for the treatment of COVID-19, bullous pemphigoid, chronic spontaneous urticaria, and other inflammatory diseases; IPH5201, a blocking antibody that is in Phase 1 clinical trials targeting the CD39 immunosuppressive pathway; IPH5301, an anti-CD73 antibody targeting the immunosuppressive adenosine pathway to promote antitumor immunity; and IPH6101, a NKp46-based NK cell engager for the generation and evaluation of up to two bispecific NK cell engagers.
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