Shares of Xencor Inc (NASDAQ:XNCR) have received an average rating of “Hold” from the nine research firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $30.80.
Several research firms recently weighed in on XNCR. BidaskClub upgraded shares of Xencor from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 24th. Zacks Investment Research restated a “sell” rating on shares of Xencor in a research note on Saturday, January 13th. Piper Jaffray Companies restated a “buy” rating and set a $35.00 price target on shares of Xencor in a research note on Sunday, November 12th. ValuEngine cut shares of Xencor from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd. Finally, Canaccord Genuity set a $36.00 price target on shares of Xencor and gave the stock a “buy” rating in a research note on Monday, October 23rd.
In other news, major shareholder John S. Stafford III bought 9,215 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was bought at an average price of $20.76 per share, for a total transaction of $191,303.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder John S. Stafford III bought 5,349 shares of the business’s stock in a transaction dated Friday, November 24th. The stock was purchased at an average price of $19.85 per share, with a total value of $106,177.65. The disclosure for this purchase can be found here. Insiders bought 36,153 shares of company stock valued at $731,583 in the last quarter. 4.03% of the stock is currently owned by corporate insiders.
Shares of Xencor (NASDAQ XNCR) opened at $21.70 on Friday. Xencor has a one year low of $18.55 and a one year high of $28.64. The firm has a market cap of $1,020.00, a PE ratio of -21.49 and a beta of 1.97.
Xencor (NASDAQ:XNCR) last released its earnings results on Tuesday, November 7th. The biopharmaceutical company reported ($0.33) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.29) by ($0.04). Xencor had a negative net margin of 148.29% and a negative return on equity of 15.26%. equities analysts expect that Xencor will post -1.1 earnings per share for the current fiscal year.
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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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