Xencor (XNCR) Lifted to Sell at BidaskClub
Xencor (NASDAQ:XNCR) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Thursday.
Other equities analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Xencor from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $35.00 target price on shares of Xencor in a research note on Sunday, November 12th. ValuEngine raised shares of Xencor from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Cantor Fitzgerald began coverage on shares of Xencor in a research note on Wednesday, November 29th. They set an “overweight” rating and a $33.00 target price on the stock. Finally, Canaccord Genuity set a $36.00 target price on shares of Xencor and gave the stock a “buy” rating in a research note on Monday, October 23rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $30.80.
Shares of Xencor (XNCR) traded up $0.01 during mid-day trading on Thursday, reaching $22.26. 144,848 shares of the company’s stock were exchanged, compared to its average volume of 215,764. Xencor has a one year low of $18.55 and a one year high of $28.64.
Institutional investors have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can raised its stake in shares of Xencor by 158.9% in the 3rd quarter. Great West Life Assurance Co. Can now owns 6,526 shares of the biopharmaceutical company’s stock valued at $150,000 after acquiring an additional 4,005 shares during the period. SG Americas Securities LLC raised its stake in shares of Xencor by 62.6% in the 2nd quarter. SG Americas Securities LLC now owns 8,447 shares of the biopharmaceutical company’s stock valued at $178,000 after acquiring an additional 3,252 shares during the period. Principal Financial Group Inc. purchased a new stake in shares of Xencor in the 3rd quarter valued at approximately $201,000. Legal & General Group Plc raised its stake in shares of Xencor by 4.5% in the 2nd quarter. Legal & General Group Plc now owns 8,978 shares of the biopharmaceutical company’s stock valued at $189,000 after acquiring an additional 385 shares during the period. Finally, Citadel Advisors LLC purchased a new stake in shares of Xencor in the 2nd quarter valued at approximately $224,000. 77.62% of the stock is currently owned by institutional investors and hedge funds.
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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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