HC Wainwright Reduces Earnings Estimates for Innate Pharma

Innate Pharma S.A. (NASDAQ:IPHA - Free Report) - Research analysts at HC Wainwright decreased their FY2029 earnings estimates for Innate Pharma in a note issued to investors on Thursday, April 24th. HC Wainwright analyst S. Ramakanth now forecasts that the company will post earnings of $0.53 per share for the year, down from their prior estimate of $0.57. HC Wainwright has a "Buy" rating and a $11.00 price objective on the stock.

Innate Pharma Trading Up 5.5 %

NASDAQ:IPHA traded up $0.11 during midday trading on Friday, reaching $2.09. 35,161 shares of the stock traded hands, compared to its average volume of 184,468. Innate Pharma has a 12-month low of $1.29 and a 12-month high of $3.51. The business has a 50-day moving average of $1.99 and a two-hundred day moving average of $1.89.

Innate Pharma Company Profile

Innate Pharma SA, a biotechnology company, develops immunotherapies for cancer patients in France and internationally. The company's products include Lacutamab (IPH4102), an anti-KIR3DL2 antibody, which is in Phase II clinical trials for the treatment of cutaneous T-cell and peripheral T-cell lymphoma, as well as in Phase II clinical trials to treat refractory sézary syndrome; Monalizumab, an immune checkpoint inhibitor that is in Phase III clinical trial to treat advanced solid tumors comprising colorectal and lung cancer, as well as head and neck cancer; IPH5201, a blocking antibody that is in Phase II clinical trials targeting the CD39 immunosuppressive pathway; IPH5301, an anti-CD73 antibody targeting the immunosuppressive adenosine pathway to promote antitumor immunity; IPH6401, an BCMA-targeting NK cell engager; and IPH6101, a NKp46-based NK cell engager that targets CD123 proprietary multi-specific antibody format; and IPH62, an B7-H3-targeting NK cell engager.