Iovance Biotherapeutics (NASDAQ:IOVA) has been given a $22.00 price target by equities research analysts at HC Wainwright in a research report issued to clients and investors on Thursday. The brokerage presently has a “buy” rating on the biotechnology company’s stock. HC Wainwright’s price target points to a potential upside of 30.95% from the company’s current price.

A number of other brokerages have also recently commented on IOVA. ValuEngine raised Iovance Biotherapeutics from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. BidaskClub raised Iovance Biotherapeutics from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Oppenheimer upped their price target on Iovance Biotherapeutics from $13.00 to $19.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Wells Fargo & Co reaffirmed a “buy” rating and issued a $23.00 price target on shares of Iovance Biotherapeutics in a research note on Monday, January 29th. Finally, B. Riley reaffirmed a “buy” rating and issued a $18.00 price target on shares of Iovance Biotherapeutics in a research note on Thursday, January 25th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Iovance Biotherapeutics has an average rating of “Buy” and an average target price of $18.75.

Shares of Iovance Biotherapeutics (NASDAQ IOVA) opened at $16.80 on Thursday. The company has a market capitalization of $1,398.22, a PE ratio of -12.92 and a beta of 5.89. Iovance Biotherapeutics has a 52 week low of $4.45 and a 52 week high of $18.15.

A number of hedge funds and other institutional investors have recently bought and sold shares of IOVA. Legal & General Group Plc bought a new stake in Iovance Biotherapeutics during the 2nd quarter worth approximately $103,000. Parametric Portfolio Associates LLC bought a new stake in Iovance Biotherapeutics during the 2nd quarter worth approximately $125,000. Dynamic Technology Lab Private Ltd bought a new stake in Iovance Biotherapeutics during the 3rd quarter worth approximately $133,000. Edge Wealth Management LLC bought a new stake in Iovance Biotherapeutics during the 3rd quarter worth approximately $150,000. Finally, Teacher Retirement System of Texas bought a new stake in Iovance Biotherapeutics during the 4th quarter worth approximately $154,000. 65.19% of the stock is owned by institutional investors and hedge funds.

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Iovance Biotherapeutics Company Profile

Iovance Biotherapeutics, Inc, formerly Lion Biotechnologies, Inc, is a clinical-stage biopharmaceutical company. The Company is focused on the development and commercialization of cancer immunotherapy products designed to harness the power of a patient’s own immune system to eradicate cancer cells. The Company’s lead program is an adoptive cell therapy utilizing tumor-infiltrating lymphocytes, which are T cells derived from patients’ tumors, for the treatment of metastatic melanoma.

Analyst Recommendations for Iovance Biotherapeutics (NASDAQ:IOVA)

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