According to Zacks, “AC Immune SA is a biopharmaceutical company. It develops, discover and design novel, proprietary medicines for prevention, diagnosis and treatment of neurodegenerative diseases. The Company’s pipeline includes Crenezumab, ACI-24, Anti-Tau antibody, Morphomer Tau, Tau-PET imaging agent, Morphomer Abeta and Morphomer alpha-syn which are in clinical trial. AC Immune SA is based in Lausanne, Switzerland. “
Separately, HC Wainwright increased their target price on shares of AC Immune from $11.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, March 30th.
AC Immune (NASDAQ:ACIU) last issued its quarterly earnings data on Tuesday, March 23rd. The company reported ($0.30) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.29) by ($0.01). AC Immune had a negative net margin of 392.56% and a negative return on equity of 23.88%. The firm had revenue of $1.05 million during the quarter, compared to analyst estimates of $1.27 million. On average, analysts predict that AC Immune will post -0.88 EPS for the current fiscal year.
Institutional investors have recently modified their holdings of the stock. Engineers Gate Manager LP acquired a new stake in shares of AC Immune in the 4th quarter valued at $63,000. Virtu Financial LLC acquired a new position in shares of AC Immune during the 3rd quarter worth about $159,000. Squarepoint Ops LLC purchased a new position in shares of AC Immune in the 4th quarter valued at about $255,000. Banque Cantonale Vaudoise raised its position in shares of AC Immune by 4.5% during the 4th quarter. Banque Cantonale Vaudoise now owns 58,285 shares of the company’s stock worth $303,000 after acquiring an additional 2,516 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in AC Immune by 89.6% in the third quarter. Morgan Stanley now owns 144,557 shares of the company’s stock valued at $706,000 after purchasing an additional 68,300 shares in the last quarter. Institutional investors own 27.68% of the company’s stock.
About AC Immune
AC Immune SA, a clinical stage biopharmaceutical company, discovers, designs, and develops medicines and diagnostic products for the prevention and treatment of neurodegenerative diseases associated with protein misfolding. Its SupraAntigen and Morphomer platforms are designed to generate vaccines, antibodies, and small molecules, which selectively interact with misfolded proteins that are common in a range of neurodegenerative diseases.
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