Y-mAbs Therapeutics, Inc. (NASDAQ:YMAB) CFO Bo Kruse sold 4,000 shares of the stock in a transaction that occurred on Tuesday, June 22nd. The stock was sold at an average price of $36.17, for a total value of $144,680.00. Following the completion of the transaction, the chief financial officer now owns 245,077 shares in the company, valued at approximately $8,864,435.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Bo Kruse also recently made the following trade(s):
- On Friday, June 4th, Bo Kruse sold 4,000 shares of Y-mAbs Therapeutics stock. The stock was sold at an average price of $33.48, for a total value of $133,920.00.
- On Monday, May 24th, Bo Kruse sold 4,000 shares of Y-mAbs Therapeutics stock. The stock was sold at an average price of $35.61, for a total value of $142,440.00.
YMAB traded up $0.17 during trading on Wednesday, hitting $34.17. 6,975 shares of the company traded hands, compared to its average volume of 297,633. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of -21.66 and a beta of 1.21. The firm's fifty day moving average price is $32.58. Y-mAbs Therapeutics, Inc. has a one year low of $24.77 and a one year high of $55.22.
Y-mAbs Therapeutics (NASDAQ:YMAB) last announced its quarterly earnings results on Thursday, May 6th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.14. The firm had revenue of $5.38 million during the quarter, compared to analysts' expectations of $35.67 million. On average, sell-side analysts forecast that Y-mAbs Therapeutics, Inc. will post -1.06 EPS for the current year.
Several institutional investors have recently made changes to their positions in the company. Penserra Capital Management LLC raised its stake in Y-mAbs Therapeutics by 171.9% in the fourth quarter. Penserra Capital Management LLC now owns 930 shares of the company's stock valued at $46,000 after purchasing an additional 588 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in Y-mAbs Therapeutics in the first quarter valued at approximately $46,000. Pacer Advisors Inc. raised its stake in Y-mAbs Therapeutics by 137.2% in the first quarter. Pacer Advisors Inc. now owns 1,812 shares of the company's stock valued at $55,000 after purchasing an additional 1,048 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in Y-mAbs Therapeutics in the first quarter valued at approximately $89,000. Finally, E Fund Management Co. Ltd. bought a new position in Y-mAbs Therapeutics during the first quarter valued at approximately $97,000. 60.76% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts recently issued reports on the company. JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a $52.00 target price on shares of Y-mAbs Therapeutics in a research report on Monday, March 22nd. HC Wainwright lifted their price objective on shares of Y-mAbs Therapeutics from $65.00 to $70.00 and gave the stock a "buy" rating in a report on Monday, March 1st. Bank of America upgraded shares of Y-mAbs Therapeutics from a "neutral" rating to a "buy" rating in a research note on Friday, May 7th. Wedbush reduced their target price on shares of Y-mAbs Therapeutics from $67.00 to $52.00 and set an "outperform" rating for the company in a research note on Wednesday, April 21st. Finally, Zacks Investment Research lowered shares of Y-mAbs Therapeutics from a "buy" rating to a "hold" rating in a research note on Wednesday, February 24th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. The company currently has an average rating of "Buy" and a consensus price target of $54.38.
About Y-mAbs Therapeutics
Y-mAbs Therapeutics, Inc, a commercial-stage biopharmaceutical company, focuses on the development and commercialization of novel antibody based therapeutic products for the treatment of cancer in the United States. It offers DANYELZA, a monoclonal antibody in combination with granulocyte-macrophage colony-stimulating factor for the treatment of pediatric patients with relapsed or refractory high-risk neuroblastoma.
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