Investment analysts at JPMorgan Chase & Co. initiated coverage on shares of Humanigen (NASDAQ:HGEN) in a report issued on Tuesday, The Fly reports. The brokerage set a "neutral" rating on the stock.
HGEN has been the topic of a number of other research reports. Zacks Investment Research lowered Humanigen from a "hold" rating to a "sell" rating in a report on Friday, January 22nd. Jefferies Financial Group assumed coverage on Humanigen in a report on Tuesday, December 22nd. They issued a "buy" rating and a $27.00 price objective on the stock. HC Wainwright reaffirmed a "buy" rating and issued a $34.00 price objective (up previously from $31.00) on shares of Humanigen in a report on Friday, November 6th. Finally, National Securities assumed coverage on Humanigen in a report on Wednesday, December 23rd. They issued a "buy" rating and a $35.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company's stock. The company presently has a consensus rating of "Buy" and an average price target of $29.20.
NASDAQ HGEN opened at $21.52 on Tuesday. Humanigen has a 52-week low of $1.64 and a 52-week high of $33.95. The business's 50-day moving average price is $19.31 and its 200 day moving average price is $14.37.
In other news, major shareholder Bay Ltd. Nomis sold 25,000 shares of Humanigen stock in a transaction that occurred on Monday, December 21st. The shares were sold at an average price of $19.46, for a total transaction of $486,500.00. Following the completion of the sale, the insider now directly owns 6,469,733 shares in the company, valued at approximately $125,901,004.18. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders have sold 454,269 shares of company stock valued at $9,017,992. Insiders own 37.50% of the company's stock.
Several hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. acquired a new position in shares of Humanigen during the 4th quarter worth approximately $3,270,000. Virtus ETF Advisers LLC acquired a new position in shares of Humanigen during the 4th quarter worth approximately $432,000. Northern Trust Corp acquired a new position in shares of Humanigen during the 4th quarter worth approximately $1,295,000. Citigroup Inc. acquired a new position in shares of Humanigen during the 4th quarter worth approximately $337,000. Finally, Wells Fargo & Company MN acquired a new position in shares of Humanigen during the 4th quarter worth approximately $426,000. Institutional investors own 30.18% of the company's stock.
Humanigen, Inc, a clinical stage biopharmaceutical company, develops proprietary monoclonal antibodies for immunotherapy and oncology treatments. The company's lead product candidate is Lenzilumab, a monoclonal antibody that targets and neutralizes granulocyte-macrophage colony-stimulating factor, which is in Phase Ib/II clinical trial in patients with chronic myelomonocytic leukemia, and for the treatment of juvenile myelomonocytic leukemia.
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