Xencor, Inc. (XNCR) Given a $36.00 Price Target at Canaccord Genuity
Xencor, Inc. (NASDAQ:XNCR) has been given a $36.00 target price by analysts at Canaccord Genuity in a research note issued on Monday. The brokerage presently has a “buy” rating on the biopharmaceutical company’s stock. Canaccord Genuity’s target price would suggest a potential upside of 75.78% from the stock’s current price.
Other research analysts have also recently issued research reports about the company. ValuEngine raised Xencor from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub cut Xencor from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Finally, Zacks Investment Research cut Xencor from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $28.00.
Xencor (XNCR) traded down 3.80% during midday trading on Monday, hitting $20.48. The company had a trading volume of 137,198 shares. The company’s market capitalization is $961.04 million. Xencor has a 52 week low of $18.45 and a 52 week high of $29.38. The stock has a 50 day moving average price of $22.80 and a 200 day moving average price of $22.43.
Xencor (NASDAQ:XNCR) last announced its quarterly earnings data on Monday, August 7th. The biopharmaceutical company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.10. Xencor had a negative return on equity of 13.79% and a negative net margin of 121.04%. The company had revenue of $13.34 million for the quarter, compared to analysts’ expectations of $8.15 million. Equities analysts forecast that Xencor will post ($1.17) earnings per share for the current fiscal year.
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In other Xencor news, major shareholder John S. Stafford III acquired 43,500 shares of the stock in a transaction dated Friday, August 18th. The stock was purchased at an average price of $19.93 per share, with a total value of $866,955.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder John S. Stafford III acquired 79,035 shares of the stock in a transaction dated Thursday, August 17th. The stock was acquired at an average cost of $20.47 per share, with a total value of $1,617,846.45. The disclosure for this purchase can be found here. Insiders bought a total of 215,551 shares of company stock valued at $4,386,916 in the last three months. Insiders own 4.03% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Alps Advisors Inc. boosted its position in shares of Xencor by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 20,102 shares of the biopharmaceutical company’s stock worth $424,000 after purchasing an additional 52 shares in the last quarter. Falcon Point Capital LLC boosted its position in shares of Xencor by 0.5% in the 2nd quarter. Falcon Point Capital LLC now owns 29,082 shares of the biopharmaceutical company’s stock worth $614,000 after purchasing an additional 156 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in Xencor by 0.6% in the 1st quarter. Parametric Portfolio Associates LLC now owns 36,253 shares of the biopharmaceutical company’s stock worth $867,000 after acquiring an additional 209 shares during the last quarter. Legal & General Group Plc raised its stake in Xencor by 4.5% in the 2nd quarter. Legal & General Group Plc now owns 8,978 shares of the biopharmaceutical company’s stock worth $189,000 after acquiring an additional 385 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. raised its stake in Xencor by 2.3% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 23,321 shares of the biopharmaceutical company’s stock worth $492,000 after acquiring an additional 521 shares during the last quarter. 76.92% of the stock is owned by hedge funds and other institutional investors.
Xencor Company Profile
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.
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