ARGENX SE-ADR (ARGX) Upgraded to Buy at Zacks Investment Research
ARGENX SE-ADR (NASDAQ:ARGX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday. The brokerage currently has a $26.00 price objective on the stock. Zacks Investment Research‘s target price would suggest a potential upside of 13.09% from the company’s previous close.
According to Zacks, “argenx SE is a biopharmaceutical company. It focuses on developing antibody-based therapies for the treatment of autoimmune diseases and cancer. The company’s product pipeline consists of ARGX-113, ARGX-110 and ARGX-111 which are in clinical trials. argenx SE is based in Breda, the Netherlands. “
Separately, Cowen and Company reissued a “buy” rating on shares of ARGENX SE-ADR in a report on Thursday, August 24th.
ARGENX SE-ADR (ARGX) traded down 1.23% during mid-day trading on Tuesday, hitting $22.99. The stock had a trading volume of 10,255 shares. The firm’s market capitalization is $617.76 million. The stock’s 50 day moving average price is $23.01 and its 200 day moving average price is $21.44. ARGENX SE-ADR has a one year low of $17.33 and a one year high of $27.25.
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Institutional investors have recently bought and sold shares of the business. Nicholas Investment Partners LP bought a new position in ARGENX SE-ADR during the 2nd quarter worth $236,000. DAFNA Capital Management LLC bought a new position in ARGENX SE-ADR during the 2nd quarter worth $848,000. Tekla Capital Management LLC bought a new position in ARGENX SE-ADR during the 2nd quarter worth $1,591,000. AWM Investment Company Inc. bought a new position in ARGENX SE-ADR during the 2nd quarter worth $2,121,000. Finally, Jennison Associates LLC bought a new position in ARGENX SE-ADR during the 2nd quarter worth $2,657,000. Hedge funds and other institutional investors own 22.74% of the company’s stock.
About ARGENX SE-ADR
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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