Xencor, Inc. (NASDAQ:XNCR) has been given an average recommendation of “Hold” by the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $29.40.

A number of research firms have recently commented on XNCR. Zacks Investment Research lowered shares of Xencor from a “buy” rating to a “hold” rating in a research report on Saturday, April 29th. Wedbush reaffirmed an “outperform” rating and set a $29.00 target price on shares of Xencor in a research report on Wednesday, May 10th. Canaccord Genuity reaffirmed a “buy” rating and set a $36.00 target price on shares of Xencor in a research report on Tuesday, August 8th. Finally, BidaskClub lowered shares of Xencor from a “hold” rating to a “sell” rating in a research report on Monday, August 14th.

Xencor (XNCR) traded down 2.01% during midday trading on Friday, reaching $19.94. 202,717 shares of the company were exchanged. The firm’s market cap is $935.70 million. The firm’s 50-day moving average is $22.56 and its 200-day moving average is $23.00. Xencor has a one year low of $18.45 and a one year high of $29.38.

Xencor (NASDAQ:XNCR) last released its quarterly earnings results on Monday, August 7th. The biopharmaceutical company reported ($0.15) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.10. Xencor had a negative net margin of 121.04% and a negative return on equity of 13.79%. The company had revenue of $13.34 million for the quarter, compared to analyst estimates of $8.15 million. On average, equities analysts expect that Xencor will post ($1.17) EPS for the current fiscal year.

In other news, Director Bruce L. A. Carter sold 2,366 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $22.00, for a total value of $52,052.00. Following the sale, the director now owns 68,578 shares in the company, valued at approximately $1,508,716. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bruce L. A. Carter sold 12,400 shares of the business’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $22.19, for a total transaction of $275,156.00. Following the completion of the sale, the director now owns 83,344 shares in the company, valued at approximately $1,849,403.36. The disclosure for this sale can be found here. In the last three months, insiders acquired 182,035 shares of company stock worth $3,728,456 and sold 34,766 shares worth $739,408. Insiders own 4.03% of the company’s stock.

Several large investors have recently modified their holdings of XNCR. Equitec Specialists LLC purchased a new stake in shares of Xencor during the second quarter valued at approximately $116,000. SG Americas Securities LLC increased its stake in shares of Xencor by 62.6% in the second quarter. SG Americas Securities LLC now owns 8,447 shares of the biopharmaceutical company’s stock valued at $178,000 after buying an additional 3,252 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Xencor by 4.5% in the second quarter. Legal & General Group Plc now owns 8,978 shares of the biopharmaceutical company’s stock valued at $189,000 after buying an additional 385 shares in the last quarter. Airain ltd purchased a new stake in shares of Xencor during the first quarter valued at approximately $213,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Xencor during the second quarter valued at approximately $224,000. Institutional investors own 73.53% of the company’s stock.

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About Xencor

Xencor, Inc is a clinical-stage biopharmaceutical company. The Company is focused on discovering and developing engineered monoclonal antibodies to treat severe and life threatening diseases. It has developed two clinical-stage product candidates, using its Immune Inhibitor Fc platform: XmAb5871, which is in two Phase II trials and is being developed for autoimmune disease, and XmAb7195, which is in a Phase I trial and is being developed for asthma and allergic diseases.

Analyst Recommendations for Xencor (NASDAQ:XNCR)

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