IMGN has been the subject of a number of other reports. Zacks Investment Research upgraded ImmunoGen from a hold rating to a buy rating and set a $6.50 target price for the company in a report on Tuesday, October 31st. BidaskClub upgraded ImmunoGen from a hold rating to a buy rating in a report on Thursday, January 18th. Cantor Fitzgerald reiterated a hold rating and issued a $5.00 target price on shares of ImmunoGen in a report on Friday, November 3rd. Finally, Royal Bank of Canada reiterated an outperform rating and issued a $12.00 target price on shares of ImmunoGen in a report on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. ImmunoGen has a consensus rating of Buy and an average target price of $9.10.
Shares of ImmunoGen (NASDAQ:IMGN) opened at $10.15 on Monday. The firm has a market capitalization of $1,340.00, a P/E ratio of -9.95 and a beta of 2.50. The company has a quick ratio of 2.78, a current ratio of 2.81 and a debt-to-equity ratio of -0.03. ImmunoGen has a 1-year low of $2.40 and a 1-year high of $10.66.
In other ImmunoGen news, Director Daniel M. Junius sold 46,667 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $10.01, for a total value of $467,136.67. Following the completion of the sale, the director now owns 243,367 shares of the company’s stock, valued at $2,436,103.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 6.51% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership acquired a new stake in ImmunoGen in the second quarter valued at approximately $102,000. Intl Fcstone Inc. acquired a new stake in ImmunoGen in the second quarter valued at approximately $115,000. Raymond James Financial Services Advisors Inc. acquired a new stake in ImmunoGen in the second quarter valued at approximately $126,000. Virginia Retirement Systems ET AL acquired a new stake in ImmunoGen in the third quarter valued at approximately $136,000. Finally, SG Americas Securities LLC grew its stake in ImmunoGen by 75.7% in the fourth quarter. SG Americas Securities LLC now owns 18,416 shares of the biotechnology company’s stock valued at $118,000 after acquiring an additional 7,937 shares during the period. 67.97% of the stock is owned by hedge funds and other institutional investors.
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ImmunoGen Company Profile
ImmunoGen, Inc is a clinical-stage biotechnology company that develops targeted cancer therapeutics using its antibody-drug conjugate (ADC) technology. An ADC with the Company’s technology comprises an antibody that binds to a target found on tumor cells conjugated to one of its anti-cancer agents as a payload to kill the tumor cell once the ADC has bound to its target.
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