Insider Buying: ImmunoCellular Therapeutics CEO Buys 10,000 Shares of Stock (IMUC)
ImmunoCellular Therapeutics (NASDAQ:IMUC) CEO Andrew Gengos bought 10,000 shares of ImmunoCellular Therapeutics stock on the open market in a transaction that occurred on Thursday, August 14th. The stock was purchased at an average cost of $0.90 per share, for a total transaction of $9,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 37,000 shares in the company, valued at approximately $33,300. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
ImmunoCellular Therapeutics (NASDAQ:IMUC) opened at 0.90 on Monday. ImmunoCellular Therapeutics has a 1-year low of $0.65 and a 1-year high of $4.00. The stock’s 50-day moving average is $1.00 and its 200-day moving average is $1.17. The company’s market cap is $49.5 million.
ImmunoCellular Therapeutics (NASDAQ:IMUC) last announced its earnings results on Monday, August 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.02. Analysts expect that ImmunoCellular Therapeutics will post $-0.22 EPS for the current fiscal year.
A number of research firms have recently commented on IMUC. Analysts at Roth Capital upgraded shares of ImmunoCellular Therapeutics from a “neutral” rating to a “buy” rating in a research note on Monday, June 2nd. They now have a $3.00 price target on the stock, up previously from $2.00. Analysts at Maxim Group cut their price target on shares of ImmunoCellular Therapeutics from $12.00 to $4.00 in a research note on Monday, June 2nd. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $3.31.
ImmunoCellular Therapeutics, Ltd. is a clinical-stage biotechnology company. The Company is engaged in developing immune-based therapies for the treatment of cancers, such as brain, ovarian and other solid tumors.
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