Genmab A/S (NASDAQ:GMAB) Upgraded by ValuEngine to “Hold”

ValuEngine upgraded shares of Genmab A/S (NASDAQ:GMAB) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning, ValuEngine reports.

GMAB has been the topic of a number of other research reports. Royal Bank of Canada initiated coverage on Genmab A/S in a research report on Monday, August 12th. They set an outperform rating and a $23.00 price objective on the stock. Bank of America upgraded Genmab A/S from a neutral rating to a buy rating in a report on Friday, September 13th. HC Wainwright reaffirmed a buy rating and issued a $25.00 target price on shares of Genmab A/S in a research note on Wednesday, November 20th. JPMorgan Chase & Co. upgraded Genmab A/S from a neutral rating to an overweight rating and set a $23.00 price target on the stock in a report on Thursday, September 12th. Finally, Guggenheim started coverage on shares of Genmab A/S in a research report on Monday, August 12th. They set a buy rating on the stock. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $23.67.

GMAB stock opened at $23.80 on Tuesday. Genmab A/S has a 1 year low of $14.48 and a 1 year high of $24.50. The company has a quick ratio of 18.72, a current ratio of 18.72 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $3.01 billion and a price-to-earnings ratio of 6.33. The firm has a 50 day moving average of $22.06.

Several institutional investors have recently bought and sold shares of the company. Millennium Management LLC purchased a new stake in shares of Genmab A/S in the 3rd quarter valued at approximately $6,328,000. Redmile Group LLC purchased a new stake in shares of Genmab A/S during the 3rd quarter valued at approximately $25,297,000. Zimmer Partners LP purchased a new stake in shares of Genmab A/S during the 3rd quarter valued at approximately $15,195,000. Barclays PLC purchased a new stake in shares of Genmab A/S during the 3rd quarter valued at approximately $84,000. Finally, Stifel Financial Corp acquired a new position in Genmab A/S in the third quarter valued at approximately $1,990,000. 19.56% of the stock is owned by institutional investors and hedge funds.

Genmab A/S Company Profile

Genmab A/S, a biotechnology company, develops antibody therapeutics for the treatment of cancer primarily in Denmark. The company markets DARZALEX, a human IgG1k monoclonal antibody for the treatment of patients with multiple myeloma (MM); and Arzerra, a human IgG1k monoclonal antibody for the treatment of chronic lymphocytic leukemia (CLL).

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Analyst Recommendations for Genmab A/S (NASDAQ:GMAB)

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