Agenus Inc. (NASDAQ:AGEN) was upgraded by investment analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a report issued on Monday, July 24th.
Several other equities research analysts have also commented on AGEN. HC Wainwright set a $5.00 target price on shares of Agenus and gave the stock a “hold” rating in a research report on Saturday, May 6th. Maxim Group restated a “buy” rating and set a $7.00 target price on shares of Agenus in a research report on Sunday, April 23rd. Finally, Zacks Investment Research raised Agenus from a “sell” rating to a “buy” rating and set a $4.50 price target for the company in a research note on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $5.88.
Agenus (AGEN) traded up 1.71% during trading on Monday, reaching $3.57. 483,682 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $4.25 and a 200 day moving average price of $3.90. Agenus has a 52 week low of $3.20 and a 52 week high of $7.49. The firm’s market capitalization is $355.97 million.
Agenus (NASDAQ:AGEN) last issued its earnings results on Thursday, August 3rd. The biotechnology company reported ($0.32) EPS for the quarter, topping the consensus estimate of ($0.36) by $0.04. The company had revenue of $4.21 million for the quarter, compared to analyst estimates of $6.66 million. Agenus had a negative net margin of 280.96% and a negative return on equity of 37,577.49%. The business’s revenue was down 36.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.33) EPS. Equities research analysts forecast that Agenus will post ($1.13) earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC increased its position in shares of Agenus by 175.7% in the first quarter. SG Americas Securities LLC now owns 37,171 shares of the biotechnology company’s stock valued at $140,000 after buying an additional 23,689 shares during the last quarter. OxFORD Asset Management LLP bought a new position in Agenus during the second quarter worth approximately $141,000. AQR Capital Management LLC bought a new position in Agenus during the fourth quarter worth approximately $143,000. Voya Investment Management LLC increased its position in Agenus by 18.5% in the second quarter. Voya Investment Management LLC now owns 40,855 shares of the biotechnology company’s stock worth $160,000 after buying an additional 6,381 shares in the last quarter. Finally, American International Group Inc. increased its position in Agenus by 7.1% in the first quarter. American International Group Inc. now owns 45,013 shares of the biotechnology company’s stock worth $170,000 after buying an additional 2,984 shares in the last quarter. 41.54% of the stock is owned by hedge funds and other institutional investors.
Agenus Inc (Agenus) is an immuno-oncology (I-O) company. The Company focuses on the discovery and development of therapies that engage the body’s immune system to fight cancer. It is developing a I-O portfolio driven by platforms and programs, such as antibody discovery platforms, including Retrocyte Display, SECANT yeast display and phage display technologies designed to produce human antibodies; antibody candidate programs, including checkpoint modulator (CPM) programs; vaccine programs, including Prophage, AutoSynVax and PhosPhoSynVax, and saponin-based vaccine adjuvants, principally QS-21 Stimulon adjuvant (QS-21 Stimulon).
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