ImmunoGen, Inc. (NASDAQ:IMGN) issued its earnings results on Friday. The biotechnology company reported ($0.61) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.42), Bloomberg Earnings reports. The firm had revenue of $8.50 million during the quarter, compared to the consensus estimate of $26.09 million. ImmunoGen’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.51) EPS.

ImmunoGen (NASDAQ IMGN) traded up $0.46 during trading hours on Friday, hitting $5.53. 4,560,178 shares of the company were exchanged, compared to its average volume of 4,062,375.

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In other ImmunoGen news, VP Craig Barrows sold 14,600 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $6.95, for a total value of $101,470.00. Following the sale, the vice president now owns 51,100 shares of the company’s stock, valued at approximately $355,145. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.51% of the company’s stock.

Several analysts have recently commented on the company. Zacks Investment Research upgraded ImmunoGen from a “hold” rating to a “buy” rating and set a $6.50 target price for the company in a research note on Tuesday. Leerink Swann reiterated a “buy” rating on shares of ImmunoGen in a research note on Tuesday, August 29th. BidaskClub upgraded ImmunoGen from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Cantor Fitzgerald reiterated a “hold” rating and set a $5.00 price target on shares of ImmunoGen in a research note on Monday, September 25th. Finally, Canaccord Genuity set a $8.00 price target on ImmunoGen and gave the company a “buy” rating in a research note on Monday, July 31st. Two analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $7.83.

About ImmunoGen

ImmunoGen, Inc is a clinical-stage biotechnology company that develops targeted cancer therapeutics using its antibody-drug conjugate (ADC) technology. An ADC with the Company’s technology comprises an antibody that binds to a target found on tumor cells conjugated to one of its anti-cancer agents as a payload to kill the tumor cell once the ADC has bound to its target.

Earnings History for ImmunoGen (NASDAQ:IMGN)

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