Invesco Ltd. Buys 14,277 Shares of IDEAYA Biosciences, Inc. $IDYA

Market Beat
2025.09.03 07:38
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Invesco Ltd. increased its stake in IDEAYA Biosciences, Inc. by 25.2% in Q1, acquiring an additional 14,277 shares, bringing its total to 70,968 shares valued at approximately $1.16 million. Other institutional investors also raised their stakes significantly. Analysts have given IDEAYA a consensus rating of "Moderate Buy" with a target price of $47.10. The stock opened at $24.55, with a market cap of $2.15 billion and a recent earnings report showing a loss of $0.88 EPS, missing estimates but exceeding revenue expectations.

Invesco Ltd. lifted its stake in IDEAYA Biosciences, Inc. (NASDAQ:IDYA - Free Report) by 25.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,968 shares of the company's stock after buying an additional 14,277 shares during the period. Invesco Ltd. owned approximately 0.08% of IDEAYA Biosciences worth $1,162,000 as of its most recent filing with the Securities and Exchange Commission.

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Several other institutional investors have also made changes to their positions in IDYA. CWM LLC boosted its stake in shares of IDEAYA Biosciences by 325.7% in the first quarter. CWM LLC now owns 2,371 shares of the company's stock valued at $39,000 after buying an additional 1,814 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of IDEAYA Biosciences by 180.2% in the first quarter. PNC Financial Services Group Inc. now owns 2,404 shares of the company's stock valued at $39,000 after buying an additional 1,546 shares during the period. GF Fund Management CO. LTD. bought a new stake in shares of IDEAYA Biosciences in the fourth quarter valued at approximately $47,000. Signaturefd LLC boosted its stake in shares of IDEAYA Biosciences by 374.8% in the first quarter. Signaturefd LLC now owns 2,877 shares of the company's stock valued at $47,000 after buying an additional 2,271 shares during the period. Finally, Exchange Traded Concepts LLC boosted its stake in shares of IDEAYA Biosciences by 46.4% in the first quarter. Exchange Traded Concepts LLC now owns 6,659 shares of the company's stock valued at $109,000 after buying an additional 2,112 shares during the period. 98.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on IDYA. Wells Fargo & Company began coverage on IDEAYA Biosciences in a research note on Thursday, June 26th. They set an "overweight" rating and a $44.00 target price for the company. JPMorgan Chase & Co. upped their target price on IDEAYA Biosciences from $66.00 to $72.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Royal Bank Of Canada upgraded IDEAYA Biosciences from an "outperform" rating to a "moderate buy" rating and cut their target price for the stock from $57.00 to $30.00 in a research note on Wednesday, July 9th. The Goldman Sachs Group upgraded IDEAYA Biosciences to a "hold" rating and set a $25.00 target price for the company in a research note on Thursday, July 10th. Finally, TD Cowen began coverage on IDEAYA Biosciences in a research note on Tuesday, July 22nd. They set a "buy" rating for the company. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $47.10.

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IDEAYA Biosciences Stock Performance

Shares of NASDAQ:IDYA opened at $24.55 on Tuesday. The company has a fifty day moving average of $23.33 and a 200-day moving average of $20.49. The company has a market capitalization of $2.15 billion, a PE ratio of -6.48 and a beta of 0.12. IDEAYA Biosciences, Inc. has a 52-week low of $13.45 and a 52-week high of $40.25.

IDEAYA Biosciences (NASDAQ:IDYA - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported ($0.88) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.85) by ($0.03). The firm had revenue of $6.00 million for the quarter, compared to the consensus estimate of $3.48 million. The business's quarterly revenue was up NaN% on a year-over-year basis. During the same period in the previous year, the business earned ($0.68) EPS. On average, equities analysts forecast that IDEAYA Biosciences, Inc. will post -3.07 EPS for the current fiscal year.

IDEAYA Biosciences Company Profile

(Free Report)

IDEAYA Biosciences, Inc, a synthetic lethality-focused precision medicine oncology company, discovers and develops targeted therapeutics for patient populations selected using molecular diagnostics in the United States. The company's products in development include IDE196, a protein kinase C inhibitor that is in Phase 2/3 clinical trials for genetically defined cancers having GNAQ or GNA11 gene mutations; IDE397, a methionine adenosyltransferase 2a inhibitor that is in Phase 1/2 clinical trials for patients with solid tumors having methylthioadenosine phosphorylase gene deletions, such as non-small cell lung, bladder, gastric, and esophageal cancers; IDE161, a poly ADP-ribose glycohydrolase inhibitor that is in Phase 1 clinical trial to treat tumors with homologous recombination deficiency (HRD), and other genetic or molecular signatures; GSK101, a Pol Theta Helicase inhibitor that is in Phase 1 clinical trial for the treatment of tumors with BRCA or other homologous recombination, and HRD mutations; and Werner Helicase inhibitors for tumors with high microsatellite instability.

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