Analysts Set $29.67 Price Target for ARGENX SE-ADR (ARGX)
ARGENX SE-ADR (NASDAQ:ARGX) has been given an average broker rating score of 1.00 (Strong Buy) from the four brokers that provide coverage for the company, Zacks Investment Research reports. Four equities research analysts have rated the stock with a strong buy recommendation.
Analysts have set a 12 month consensus target price of $29.67 for the company, according to Zacks. Zacks has also given ARGENX SE-ADR an industry rank of 103 out of 265 based on the ratings given to its competitors.
ARGX has been the topic of a number of recent analyst reports. Cowen and Company initiated coverage on ARGENX SE-ADR in a research report on Monday, June 12th. They set an “outperform” rating on the stock. JMP Securities initiated coverage on ARGENX SE-ADR in a research report on Monday, June 12th. They set an “outperform” rating and a $33.00 target price on the stock. Finally, Wedbush reaffirmed an “outperform” rating on shares of ARGENX SE-ADR in a research report on Monday, June 12th.
ARGENX SE-ADR (ARGX) traded up 2.40% on Thursday, reaching $25.59. The company’s stock had a trading volume of 22,063 shares. ARGENX SE-ADR has a 52-week low of $17.33 and a 52-week high of $25.94. The firm has a 50-day moving average price of $21.37 and a 200 day moving average price of $20.95. The firm’s market capitalization is $688.14 million.
Institutional investors have recently made changes to their positions in the company. Nicholas Investment Partners LP acquired a new stake in shares of ARGENX SE-ADR during the second quarter worth $236,000. DAFNA Capital Management LLC purchased a new position in shares of ARGENX SE-ADR during the second quarter valued at $848,000. Tekla Capital Management LLC purchased a new position in shares of ARGENX SE-ADR during the second quarter valued at $1,591,000. AWM Investment Company Inc. purchased a new position in shares of ARGENX SE-ADR during the second quarter valued at $2,121,000. Finally, Jennison Associates LLC purchased a new position in shares of ARGENX SE-ADR during the second quarter valued at $2,657,000. 22.74% of the stock is currently owned by institutional investors.
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ARGENX SE-ADR Company Profile
argenx SE, a clinical-stage biopharmaceutical company, focuses on developing antibody-based therapies for the treatment of autoimmune diseases and cancer. The companys lead clinical stage product candidates include ARGX-113, a product in Phase 2 clinical trials for the treatment of autoimmune diseases, including myasthenia gravis and immune thrombocytopenia; and ARGX-110, which is in Phase 1/2 clinical trials for the treatment of hematological cancers, such as T-cell lymphoma, acute myeloid leukemia, and myelodysplastic syndrome.
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