MacroGenics Inc (NASDAQ:MGNX) has been assigned an average recommendation of “Buy” from the fifteen ratings firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $30.89.
Several research analysts have recently issued reports on MGNX shares. Wedbush restated an “outperform” rating and issued a $27.00 price objective on shares of MacroGenics in a research note on Thursday, July 18th. Cowen reaffirmed a “buy” rating on shares of MacroGenics in a report on Wednesday, June 5th. HC Wainwright reaffirmed a “buy” rating and set a $39.00 target price on shares of MacroGenics in a report on Thursday, May 2nd. BidaskClub lowered MacroGenics from a “sell” rating to a “strong sell” rating in a report on Friday, July 19th. Finally, Stifel Nicolaus dropped their target price on MacroGenics from $29.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, August 1st.
In related news, SVP Eric Blasius Risser sold 3,000 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $18.38, for a total transaction of $55,140.00. Following the sale, the senior vice president now directly owns 33,806 shares of the company’s stock, valued at $621,354.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 7.88% of the stock is owned by company insiders.
Shares of NASDAQ:MGNX traded up $0.59 during trading on Tuesday, hitting $15.07. The stock had a trading volume of 306,100 shares, compared to its average volume of 449,092. MacroGenics has a 12-month low of $9.87 and a 12-month high of $32.32. The stock has a market capitalization of $707.98 million, a price-to-earnings ratio of -3.60 and a beta of 2.36. The company has a quick ratio of 5.81, a current ratio of 5.81 and a debt-to-equity ratio of 0.08. The stock has a 50-day simple moving average of $15.11 and a two-hundred day simple moving average of $17.36.
MacroGenics (NASDAQ:MGNX) last announced its quarterly earnings data on Wednesday, July 31st. The biopharmaceutical company reported ($0.65) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.96) by $0.31. MacroGenics had a negative return on equity of 54.52% and a negative net margin of 273.47%. The firm had revenue of $10.59 million during the quarter, compared to analysts’ expectations of $17.58 million. As a group, sell-side analysts forecast that MacroGenics will post -3.27 earnings per share for the current year.
MacroGenics, Inc, a biopharmaceutical company, discovers and develops antibody-based therapeutics for the treatment of cancer in the United States. Its pipeline of immuno-oncology product candidates includes Margetuximab, a monoclonal antibody, which is in Phase III clinical trial that targets HER2-expressing tumors, such as various breast and gastroesophageal cancers.
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