I-Mab's (IMAB) Sell (D-) Rating Reaffirmed at Weiss Ratings

I-Mab (NASDAQ:IMAB - Get Free Report)'s stock had its "sell (d-)" rating reissued by analysts at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.Several other brokerages have also recently commented on IMAB. Loop Capital set a $8.00 price objective on shares of I-Mab in a research note on Thursday, August 28th. Leerink Partners assumed coverage on shares of I-Mab in a research report on Friday, October 3rd. They set an "outperform" rating and a $9.00 target price for the company. New Street Research set a $7.00 target price on shares of I-Mab in a research report on Wednesday, September 10th. Needham & Company LLC reiterated a "buy" rating and set a $6.00 target price on shares of I-Mab in a research report on Friday, October 24th. Finally, Leerink Partnrs upgraded shares of I-Mab to a "strong-buy" rating in a research report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, I-Mab has an average rating of "Moderate Buy" and an average price target of $7.67.View Our Latest Stock Analysis on IMABI-Mab Stock Up 2.5%IMAB traded up $0.12 during trading on Friday, reaching $4.76. 1,512,693 shares of the company were exchanged, compared to its average volume of 2,165,293. The company's 50-day moving average is $4.47 and its two-hundred day moving average is $2.88. The company has a market cap of $388.29 million, a price-to-earnings ratio of -13.21 and a beta of 1.45. I-Mab has a 12-month low of $0.60 and a 12-month high of $6.79. I-Mab (NASDAQ:IMAB - Get Free Report) last issued its quarterly earnings data on Wednesday, August 20th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.10) by $0.03. Equities analysts forecast that I-Mab will post -0.56 earnings per share for the current year. Hedge Funds Weigh In On I-MabSeveral institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC grew its position in I-Mab by 147.6% during the 2nd quarter. Geode Capital Management LLC now owns 54,562 shares of the company's stock worth $132,000 after acquiring an additional 32,525 shares during the last quarter. SG Americas Securities LLC grew its position in I-Mab by 6.6% during the 2nd quarter. SG Americas Securities LLC now owns 876,353 shares of the company's stock worth $2,121,000 after acquiring an additional 54,312 shares during the last quarter. Ground Swell Capital LLC bought a new stake in I-Mab during the 1st quarter valued at $53,000. Finally, Stonepine Capital Management LLC bought a new stake in I-Mab during the 1st quarter valued at $398,000. 38.38% of the stock is currently owned by institutional investors. I-Mab Company Profile (Get Free Report)I-Mab, a clinical stage biopharmaceutical company, discovers, develops, and commercializes biologics in the fields of immuno-oncology and immuno-inflammation diseases primarily in the United States. It is developing Uliledlimab, a CD73 neutralizing antibody, which is in Phase 2 clinical trial for the treatment of solid tumors; Givastomig, a bi-specific antibody that is in Phase 1 clinical trial for the treatment of gastric and other cancers; and Ragistomig, a programmed cell death ligand-based tumor-dependent T cell engager, which is in Phase 1 clinical trial for the treatment of for solid tumors.Read MoreFive stocks we like better than I-MabGolden Cross Stocks: Pattern, Examples and Charts How Royalty Pharma Prints Cash Without Biotech's Biggest RisksHow to start investing in penny stocksMeta Platforms Stock Falls Despite Strong Growth—Here’s WhyLow PE Growth Stocks: Unlocking Investment OpportunitiesComfort Systems Is the AI Data Center Stock Beating NVDA, AVGO, & AMDThis 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 I-Mab Right Now?Before you consider I-Mab, 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 I-Mab wasn't on the list.While I-Mab currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here