Agenus Inc. (AGEN) Upgraded by ValuEngine to “Sell”
Agenus Inc. (NASDAQ:AGEN) was upgraded by investment analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued to investors on Thursday.
AGEN has been the topic of several other research reports. Zacks Investment Research downgraded Agenus from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Jefferies Group LLC reiterated a “buy” rating and set a $7.00 price target on shares of Agenus in a report on Friday, August 4th. Finally, BidaskClub upgraded Agenus from a “hold” rating to a “buy” rating in a report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $5.88.
Agenus (AGEN) traded up 2.97% on Thursday, hitting $4.16. 1,394,276 shares of the stock were exchanged. The company’s 50 day moving average price is $3.99 and its 200-day moving average price is $3.85. The company’s market cap is $414.80 million. Agenus has a one year low of $3.20 and a one year high of $7.49.
Agenus (NASDAQ:AGEN) last announced its quarterly earnings results on Thursday, August 3rd. The biotechnology company reported ($0.32) EPS for the quarter, beating the consensus estimate of ($0.36) by $0.04. Agenus had a negative return on equity of 37,577.49% and a negative net margin of 280.96%. The company had revenue of $4.21 million for the quarter, compared to the consensus estimate of $6.66 million. During the same quarter last year, the company posted ($0.33) earnings per share. The company’s revenue for the quarter was down 36.1% compared to the same quarter last year. Equities research analysts predict that Agenus will post ($1.13) EPS for the current fiscal year.
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Institutional investors have recently made changes to their positions in the company. OxFORD Asset Management LLP acquired a new stake in shares of Agenus in the second quarter worth $141,000. SG Americas Securities LLC grew its stake 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 worth $140,000 after acquiring an additional 23,689 shares during the last quarter. Voya Investment Management LLC grew its stake in shares of 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 acquiring an additional 6,381 shares during the last quarter. American International Group Inc. grew its stake in shares of 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 acquiring an additional 2,984 shares during the last quarter. Finally, UBS Asset Management Americas Inc. grew its stake in shares of Agenus by 203.7% in the first quarter. UBS Asset Management Americas Inc. now owns 51,933 shares of the biotechnology company’s stock worth $196,000 after acquiring an additional 34,833 shares during the last quarter. Institutional investors and hedge funds own 39.51% of the company’s stock.
Agenus Company Profile
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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