Barbara Gayle Duncan Sells 4,000 Shares of Jounce Therapeutics Inc (JNCE) Stock

Jounce Therapeutics Inc (NASDAQ:JNCE) Director Barbara Gayle Duncan sold 4,000 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $25.00, for a total value of $100,000.00. Following the completion of the sale, the director now owns 4,000 shares in the company, valued at $100,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Jounce Therapeutics Inc (NASDAQ JNCE) traded up $1.15 during midday trading on Monday, hitting $26.19. The stock had a trading volume of 320,483 shares, compared to its average volume of 343,583. Jounce Therapeutics Inc has a 12-month low of $11.05 and a 12-month high of $29.29. The stock has a market capitalization of $807.43 and a P/E ratio of -124.71.

Jounce Therapeutics (NASDAQ:JNCE) last issued its quarterly earnings results on Monday, November 13th. The company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.12. Jounce Therapeutics had a negative return on equity of 1.39% and a negative net margin of 2.03%. The firm had revenue of $18.10 million for the quarter, compared to the consensus estimate of $20.00 million. Jounce Therapeutics’s revenue was up 7.1% on a year-over-year basis. research analysts expect that Jounce Therapeutics Inc will post -0.86 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Teachers Advisors LLC raised its holdings in shares of Jounce Therapeutics by 26.4% in the second quarter. Teachers Advisors LLC now owns 11,231 shares of the company’s stock worth $158,000 after buying an additional 2,347 shares during the period. Strs Ohio raised its holdings in shares of Jounce Therapeutics by 10.7% in the third quarter. Strs Ohio now owns 41,300 shares of the company’s stock worth $643,000 after buying an additional 4,000 shares during the period. American International Group Inc. raised its holdings in shares of Jounce Therapeutics by 132.2% in the third quarter. American International Group Inc. now owns 9,559 shares of the company’s stock worth $149,000 after buying an additional 5,442 shares during the period. OxFORD Asset Management LLP raised its holdings in shares of Jounce Therapeutics by 11.9% in the third quarter. OxFORD Asset Management LLP now owns 59,540 shares of the company’s stock worth $927,000 after buying an additional 6,328 shares during the period. Finally, Macquarie Group Ltd. bought a new position in Jounce Therapeutics in the third quarter worth approximately $124,000. Hedge funds and other institutional investors own 47.40% of the company’s stock.

JNCE has been the topic of several recent analyst reports. Zacks Investment Research downgraded Jounce Therapeutics from a “buy” rating to a “hold” rating in a report on Wednesday, January 17th. JPMorgan Chase & Co. set a $28.00 price target on Jounce Therapeutics and gave the stock a “buy” rating in a report on Monday, November 13th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $30.00 price target on shares of Jounce Therapeutics in a report on Friday, November 10th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Jounce Therapeutics presently has an average rating of “Buy” and a consensus price target of $24.00.

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About Jounce Therapeutics

Jounce Therapeutics, Inc is a clinical stage immunotherapy company. The Company is engaged in transforming the treatment of cancer by developing therapies that enable the immune system to attack tumors and provide long lasting benefits to patients. Through the use of its Translational Science Platform, Jounce first focuses on specific cell types within tumors to prioritize targets, and then identifies related biomarkers designed to match the right therapy to the right patient.

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