Logos Global Management LP has recently announced that it has increased stake in Icosavax Inc (NASDAQ:ICVX) by 27.70%. After grabbing 2.77 million shares, the institutional investor is now in possession of 0.6 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 5.52% having worth around $43.59 million. Moreover, Platinum Investment Management Lt increased its share by 642.0 to have a control over 2.34 million shares. And The Vanguard Group, Inc. raised its holdings to 0.93 million shares by acquiring 1.87 million shares or 3.74% of the stake.
Icosavax Inc (ICVX) concluded trading on Thursday at a closing price of $15.30, with 3.47 million shares of worth about $53.1 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 76.47% during that period and on Thursday, January 25 the price saw a loss of about -0.13%. Currently the company’s common shares owned by public are about 41.10M shares, out of which, 32.53M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 22 times over the past 12 months. They bought 75,578 shares in 5 of the transactions. In 17 selling transactions, insiders dumped 95,519 shares.
Fidelity Advisor Series I -Growth, T Rowe Price Small Cap Value Fund, and Fidelity Series Small Cap Opportu are the top 3 mutual funds which are holding stakes in Icosavax Inc Fidelity Advisor Series I -Growth is currently holding 1.73 million shares of worth totaling $27.33 million. The company recently came buying 0.0 shares which brought its stake up to 3.46% of the company’s outstanding shares. T Rowe Price Small Cap Value Fund sold -0.22 million shares, after which its hold over company’s outstanding shares shrunk to 2.48%, leaving 1.24 million shares with the mutual fund that have a worth of about $19.56 million. Fidelity Series Small Cap Opportu, after buying 1.21 million shares, have now control over 2.42% of the stake in the company. It holds 0.0 shares of worth $19.1 million.
However, the stock later moved at a day high price of 15.40, or with a loss of -0.13%. Stock saw a price change of -1.80% in past 5 days and over the past one month there was a price change of -1.92%. Year-to-date (YTD), ICVX shares are showing a performance of -2.92% which increased to 52.39% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.75 but also hit the highest price of $16.10 during that period. The average intraday trading volume for Icosavax Inc shares is 838.56K. The stock is currently trading -1.98% below its 20-day simple moving average (SMA20), while that difference is up 15.69% for SMA50 and it goes to 65.52% higher than SMA200.
Logos Global Management LP acquired 2.77 million shares of Icosavax Inc having value of about $43.59 million. Data submitted at the U.S SEC by Logos Global Management LP revealed that the firm now holds 0.6 million shares in the company valued at close to $9180000.0, or have control over 27.70% stake in the company. Icosavax Inc (NASDAQ: ICVX) currently have 41.10M outstanding shares and institutions hold larger chunk of about 63.62% of that. Holding of mutual funds in the company is about 25.67% while other institutional holders and individual stake holders have control over 37.94% and 23.32% of the stake respectively.
The stock has a current market capitalization of $766.38M and its 3Y-monthly beta is at 1.27. It has posted earnings per share of -$2.22 in the same period. It has Quick Ratio of 18.06 while making debt-to-equity ratio of 0.03. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ICVX, volatility over the week remained 1.55% while standing at 1.25% over the month.
Analysts are in expectations that Icosavax Inc (ICVX) stock would likely to be making an EPS of -$0.52 in the current quarter, while forecast for next quarter EPS is -$0.54 and it is -$2.11 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.59 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 -$0.59 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 8.95% while it is estimated to increase by 5.51% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Guggenheim on November 17, 2023 offering a Buy rating for the stock and assigned a target price of $28 to it.
