Invivyd (NASDAQ:IVVD) Given New $2.00 Price Target at Morgan Stanley

Invivyd (NASDAQ:IVVD – Get Rating) had its price objective reduced by Morgan Stanley from $3.00 to $2.00 in a research note released on Tuesday morning, Benzinga reports. Morgan Stanley currently has an underweight rating on the stock.

Invivyd Trading Up 7.8 %

Shares of IVVD opened at $2.20 on Tuesday. Invivyd has a 1-year low of $1.42 and a 1-year high of $12.11. The firm has a market capitalization of $239.76 million, a PE ratio of -0.85 and a beta of -0.50. The company’s 50-day moving average is $1.97.

Invivyd (NASDAQ:IVVD – Get Rating) last announced its quarterly earnings results on Thursday, November 10th. The company reported ($0.42) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.04. Equities analysts forecast that Invivyd will post -2.18 earnings per share for the current year.

Invivyd Company Profile

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Invivyd, Inc, a clinical-stage biopharmaceutical company, focuses on the discovery, development, and commercialization of antibody-based solutions for infectious diseases in the United States. The company's lead product candidate is adintrevimab, a neutralizing antibody that is in Phase 3 clinical trials for the treatment and prevention of coronavirus disease.