Immunome (NASDAQ:IMNM) Trading Up 6.3% - Still a Buy?

Immunome, Inc. (NASDAQ:IMNM - Get Free Report) shares were up 6.3% on Wednesday . The stock traded as high as $9.65 and last traded at $9.86. Approximately 33,020 shares were traded during trading, a decline of 97% from the average daily volume of 982,897 shares. The stock had previously closed at $9.28.Wall Street Analysts Forecast Growth3 Small-Cap Stocks With Big Growth PotentialSeveral equities analysts recently weighed in on IMNM shares. Wedbush reaffirmed an "outperform" rating and set a $21.00 target price on shares of Immunome in a research note on Thursday, August 7th. Evercore ISI started coverage on shares of Immunome in a research report on Friday, August 22nd. They set an "outperform" rating and a $18.00 price objective for the company. JPMorgan Chase & Co. lowered their price objective on shares of Immunome from $23.00 to $22.00 and set an "overweight" rating for the company in a research report on Thursday, August 7th. Wall Street Zen upgraded shares of Immunome from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Guggenheim reiterated a "buy" rating and set a $25.00 price objective on shares of Immunome in a research report on Monday, August 25th. Eight equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Immunome has a consensus rating of "Buy" and an average price target of $22.50.View Our Latest Stock Report on IMNMImmunome Stock PerformanceThe stock has a market cap of $859.00 million, a P/E ratio of -3.20 and a beta of 1.92. The company's fifty day moving average price is $9.80 and its 200-day moving average price is $8.84. Immunome (NASDAQ:IMNM - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.50) EPS for the quarter, topping the consensus estimate of ($0.52) by $0.02. The company had revenue of $4.02 million for the quarter, compared to the consensus estimate of $1.03 million. Immunome had a negative net margin of 1,687.08% and a negative return on equity of 76.10%. Analysts anticipate that Immunome, Inc. will post -2.21 earnings per share for the current fiscal year. Institutional Inflows and OutflowsA number of institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC increased its position in Immunome by 121.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,938 shares of the company's stock valued at $65,000 after purchasing an additional 3,802 shares during the period. BNP Paribas Financial Markets increased its position in Immunome by 81.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 6,464 shares of the company's stock valued at $60,000 after purchasing an additional 2,909 shares during the period. Birchview Capital LP purchased a new position in Immunome during the 2nd quarter valued at about $558,000. Balyasny Asset Management L.P. purchased a new position in Immunome during the 2nd quarter valued at about $1,021,000. Finally, The Manufacturers Life Insurance Company increased its position in Immunome by 3.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 280,816 shares of the company's stock valued at $2,612,000 after purchasing an additional 9,686 shares during the period. Hedge funds and other institutional investors own 44.58% of the company's stock. About Immunome (Get Free Report)Immunome, Inc, a biotechnology company, develops targeted cancer therapies. The company's clinical asset comprises AL102, an investigational gamma secretase inhibitor currently in evaluation in a Phase 3 trial for the treatment of desmoid tumors; and preclinical assets consist of IM-1021, a receptor tyrosine kinase-like orphan receptor 1 and antibody-drug conjugates, as well as IM-3050, a fibroblast activation protein targeted radioligand therapy; and IM-4320, an anti-IL-38 immunotherapy candidate.Read MoreFive stocks we like better than ImmunomeHow to Short Nasdaq: An Easy-to-Follow GuideIREN Is Up 186% YTD on AI Pivot—And It’s Just Getting Started3 Defense Stocks Set to Benefit From Increased Military SpendingRocket Lab Strengthens Case for Breakout With New Launch PadAsset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?Opera Limited Stock Set to End 2025 on a High NoteThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Immunome Right Now?Before you consider Immunome, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Immunome wasn't on the list.While Immunome currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here