The Vanguard Group, Inc. has recently announced that it has increased stake in Invivyd Inc. (NASDAQ:IVVD) by 15.51%. After grabbing 3.78 million shares, the institutional investor is now in possession of 0.51 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 3.47% having worth around $5.66 million. Moreover, BlackRock Fund Advisors increased its share by 0.38 million to have a control over 3.17 million shares. And Geode Capital Management LLC raised its holdings to 0.26 million shares by acquiring 0.98 million shares or 0.90% of the stake.
Invivyd Inc. (IVVD) concluded trading on 01/19/23 at a closing price of $1.89, with 0.33 million shares of worth about $0.63 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -56.55% during that period and on Thursday the price saw a loss of about -2.07%. Currently the company’s common shares owned by public are about 108.42M shares, out of which, 78.98M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 3 analysts are covering the IVVD stock and their offered price forecasts bring an average price target of $3.25. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $3.50 and could fall to a lowest price of $3.00. The stock’s current price level is 41.85% above of average price target set by the analysts, while a rise to estimated low would result in gain of 37.0% for the stock. However, touching the estimated high of $3.50 would mean a gain of 46.0% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 3 times over the past 12 months. They bought 592,451 shares in 2 of the transactions. In 1 selling transactions, insiders dumped 1,158,089 shares.
Fidelity Growth Company Fund, Vanguard Total Stock Market Index, and Fidelity Series Growth Company Fu are the top 3 mutual funds which are holding stakes in Invivyd Inc. Fidelity Growth Company Fund is currently holding 4.88 million shares of worth totaling $7.33 million. The company recently came selling -0.12 million shares which brought its stake up to 4.48% of the company’s outstanding shares. Fidelity Series Growth Company Fu, after selling 1.55 million shares, have now control over 1.43% of the stake in the company. It holds 53900.0 shares of worth $2.33 million.
However, the stock later moved at a day high price of 2.0700, or with a loss of -2.07%. Stock saw a price change of -10.00% in past 5 days and over the past one month there was a price change of 16.67%. Year-to-date (YTD), IVVD shares are showing a performance of 26.00% which decreased to -65.64% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.42 but also hit the highest price of $12.11 during that period. The average intraday trading volume for Invivyd Inc. shares is 306.85K. The stock is currently trading 8.34% above its 20-day simple moving average (SMA20), while that difference is down -15.08% for SMA50 and it goes to -41.47% lower than SMA200.
The Vanguard Group, Inc. acquired 3.78 million shares of Invivyd Inc. having value of about $5.66 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.51 million shares in the company valued at close to $958195.98, or have control over 15.51% stake in the company. Invivyd Inc. (NASDAQ: IVVD) currently have 108.42M outstanding shares and institutions hold larger chunk of about 75.40% of that. Holding of mutual funds in the company is about 15.32% while other institutional holders and individual stake holders have control over 20.22% and 1.23% of the stake respectively.
The stock has a current market capitalization of $210.62M. It has posted earnings per share of -$2.58 in the same period. It has Quick Ratio of 9.10 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for IVVD, volatility over the week remained 11.52% while standing at 10.22% over the month.
Analysts are in expectations that Invivyd Inc. (IVVD) stock would likely to be making an EPS of -$0.49 in the current quarter, while forecast for next quarter EPS is -$0.52 and it is -$1.98 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.52 which is -$0.46 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.98 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -784.00% while it is estimated to increase by 12.80% in next year.
Analysts at 3 brokerage firms have issued recommendations for the Invivyd Inc. (IVVD)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.30. Out of those 3 Wall Street analysts, 0 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
