NASDAQ:IGMS IGM Biosciences (IGMS) Stock Forecast, Price & News $11.37 -0.07 (-0.61%) (As of 05/26/2023 04:00 PM ET) Add Compare Share Share Today's Range$11.16▼$11.6350-Day Range$9.98▼$17.2752-Week Range$9.74▼$28.20Volume158,300 shsAverage Volume219,798 shsMarket Capitalization$489.82 millionP/E RatioN/ADividend YieldN/APrice Target$29.78 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaSustainability IGM Biosciences MarketRank™ ForecastAnalyst RatingModerate Buy2.63 Rating ScoreUpside/Downside161.9% Upside$29.78 Price TargetShort InterestBearish23.65% of Float Sold ShortDividend StrengthN/ASustainability-1.08Upright™ Environmental ScoreNews Sentiment0.18Based on 5 Articles This WeekInsider TradingSelling Shares$60,394 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($5.97) to ($5.36) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.39 out of 5 starsMedical Sector236th out of 1,010 stocksPharmaceutical Preparations Industry99th out of 494 stocks 4.3 Analyst's Opinion Consensus RatingIGM Biosciences has received a consensus rating of Buy. The company's average rating score is 2.63, and is based on 5 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $29.78, IGM Biosciences has a forecasted upside of 161.9% from its current price of $11.37.Amount of Analyst CoverageIGM Biosciences has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 0.0 Short Interest Percentage of Shares Shorted23.65% of the float of IGM Biosciences has been sold short.Short Interest Ratio / Days to CoverIGM Biosciences has a short interest ratio ("days to cover") of 18, which indicates bearish sentiment.Change versus previous monthShort interest in IGM Biosciences has recently increased by 2.46%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend YieldIGM Biosciences does not currently pay a dividend.Dividend GrowthIGM Biosciences does not have a long track record of dividend growth. Previous Next 4.6 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreIGM Biosciences has received a 71.95% net impact score from Upright. The largest positive contribution comes from its "Creating knowledge" impact, which is false driven by its "Clinical research services for cancer", "Preclinical research services for physical health", and "Clinical research services for infectious diseases" products. See details.Environmental SustainabilityThe Environmental Impact score for IGM Biosciences is -1.08. Previous Next 1.8 News and Social Media Coverage News SentimentIGM Biosciences has a news sentiment score of 0.18. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.77 average news sentiment score of Medical companies.News Coverage This WeekMarketBeat has tracked 5 news articles for IGM Biosciences this week, compared to 2 articles on an average week.Search InterestOnly 1 people have searched for IGMS on MarketBeat in the last 30 days. This is a decrease of -94% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added IGM Biosciences to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, IGM Biosciences insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $60,394.00 in company stock.Percentage Held by Insiders55.96% of the stock of IGM Biosciences is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions41.41% of the stock of IGM Biosciences is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for IGM Biosciences are expected to grow in the coming year, from ($5.97) to ($5.36) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of IGM Biosciences is -2.20, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of IGM Biosciences is -2.20, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioIGM Biosciences has a P/B Ratio of 1.70. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About IGM Biosciences (NASDAQ:IGMS) StockIGM Biosciences, Inc., a biotechnology company, develops Immunoglobulin M (IgM) antibodies for the treatment of cancer, infectious diseases, and autoimmune and inflammatory diseases. The company's lead product candidate is IGM-2323, a bispecific IgM antibody that is in Phase 2 clinical trials to treat patients with relapsed/refractory B cell Non-Hodgkin's lymphoma (NHL). It is also developing IGM-8444, an IgM antibody, which is in Phase 1 clinical trials for the treatment of patients with solid cancers; and IGM-7354, an anti-PD-L1 IgM antibody for the treatment of patients with solid and hematologic malignancies; IGM-2644, a bispecific T cell engaging IgM antibody targeting CD38 and CD3 proteins for the treatment of patients with multiple myeloma; and IGM-2537, a bispecific T cell engaging IgM antibody targeting CD123 and CD3 proteins for the treatment of patients with acute myeloid leukemia, myelodysplastic syndromes, and acute lymphoblastic leukemia. It has a collaboration and license agreement with Genzyme Corporation to generate, develop, manufacture, and commercialize IgM antibodies. The company was formerly known as Palingen, Inc. and changed its name to IGM Biosciences, Inc. in 2010. IGM Biosciences, Inc. was incorporated in 1993 and is headquartered in Mountain View, California.Read More Receive IGMS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for IGM Biosciences and its competitors with MarketBeat's FREE daily newsletter. Email Address IGMS Stock News HeadlinesMay 27, 2023 | americanbankingnews.comIGM Biosciences, Inc. (NASDAQ:IGMS) Insider Chris H. Takimoto Sells 1,259 SharesMay 27, 2023 | americanbankingnews.comIGM Biosciences, Inc. (NASDAQ:IGMS) Receives $29.78 Average Price Target from AnalystsMay 29, 2023 | MarketBeat Internal (Ad)Your Ultimate Investment Research PlatformMarketBeat All-Access is the all-in-one stock research solution that saves you time and helps you make more money. You get our top stock picks, best-in-class research tools, proprietary research reports and much more. May 24, 2023 | americanbankingnews.comIGM Biosciences (NASDAQ:IGMS) Trading 8.6% Higher May 18, 2023 | americanbankingnews.comIGM Biosciences (NASDAQ:IGMS) Shares Down 6.5% After Analyst DowngradeMay 17, 2023 | msn.comJP Morgan Maintains IGM Biosciences (IGMS) Neutral RecommendationMay 17, 2023 | americanbankingnews.comGuggenheim Lowers IGM Biosciences (NASDAQ:IGMS) Price Target to $38.00May 16, 2023 | msn.comRBC Capital Maintains IGM Biosciences (IGMS) Sector Perform RecommendationMay 29, 2023 | Legacy Research (Affiliate) (Ad)Sell every Stock except ONE Markets are down...But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month...May 16, 2023 | msn.comWedbush Maintains IGM Biosciences (IGMS) Outperform RecommendationMay 15, 2023 | markets.businessinsider.comAnalyst Expectations for IGM Biosciences's FutureMay 15, 2023 | americanbankingnews.comIGM Biosciences (NASDAQ:IGMS) Price Target Cut to $17.00May 12, 2023 | finanznachrichten.deIGM Biosciences, Inc.: IGM Biosciences Announces First Quarter 2023 Financial Results and Provides Corporate UpdateMay 12, 2023 | msn.comRecap: IGM Biosciences Q1 EarningsMay 12, 2023 | finance.yahoo.comIGM Biosciences Announces First Quarter 2023 Financial Results and Provides Corporate UpdateMay 12, 2023 | finance.yahoo.comIGM Biosciences, Inc. (IGMS) Reports Q1 Loss, Lags Revenue EstimatesApril 30, 2023 | americanbankingnews.comIGM Biosciences, Inc. (NASDAQ:IGMS) Given Consensus Rating of "Moderate Buy" by BrokeragesApril 28, 2023 | finance.yahoo.comBullish IGM Biosciences, Inc. (NASDAQ:IGMS) insiders filled their treasuries with US$1.6m worth of stock over last yearApril 19, 2023 | finance.yahoo.comIGM Biosciences to Present at the Stifel 2023 Targeted Oncology DaysApril 15, 2023 | americanbankingnews.comIGM Biosciences (NASDAQ:IGMS) Trading Up 18.3%April 13, 2023 | finance.yahoo.comIGM Biosciences Announces Six Presentations at the American Society for Cancer Research Annual Meeting 2023April 8, 2023 | americanbankingnews.comIGM Biosciences, Inc. (NASDAQ:IGMS) Insider George Gauthier Sells 935 SharesApril 8, 2023 | americanbankingnews.comQ1 2023 Earnings Forecast for IGM Biosciences, Inc. Issued By HC Wainwright (NASDAQ:IGMS)April 6, 2023 | finance.yahoo.comIGM Biosciences, Inc. (NASDAQ:IGMS) Q4 2022 Earnings Call TranscriptApril 6, 2023 | americanbankingnews.comTruist Financial Lowers IGM Biosciences (NASDAQ:IGMS) Price Target to $25.00April 6, 2023 | americanbankingnews.comAnalysts Offer Predictions for IGM Biosciences, Inc.'s Q1 2024 Earnings (NASDAQ:IGMS)April 6, 2023 | americanbankingnews.comIGM Biosciences (NASDAQ:IGMS) Sets New 12-Month Low on Analyst DowngradeSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive IGMS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for IGM Biosciences and its competitors with MarketBeat's FREE daily newsletter. Email Address IGMS Company Calendar Last Earnings3/30/2023Today5/29/2023Next Earnings (Estimated)8/14/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Pharmaceutical preparations Sub-IndustryN/A SectorMedical Current SymbolNASDAQ:IGMS CUSIPN/A CIK1496323 Webigmbio.com Phone650-965-7873FaxN/AEmployees192Year Founded2010Price Target and Rating Average Stock Price Forecast$29.78 High Stock Price Forecast$55.00 Low Stock Price Forecast$17.00 Forecasted Upside/Downside+161.9%Consensus RatingModerate Buy Rating Score (0-4)2.63 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)($5.17) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-221,100,000.00 Net Margins-14,363.10% Pretax Margin-14,357.64% Return on Equity-74.30% Return on Assets-43.54% Debt Debt-to-Equity RatioN/A Current Ratio8.82 Quick Ratio8.82 Sales & Book Value Annual Sales$1.07 million Price / Sales457.78 Cash FlowN/A Price / Cash FlowN/A Book Value$6.67 per share Price / Book1.70Miscellaneous Outstanding Shares43,080,000Free Float18,973,000Market Cap$489.82 million OptionableNot Optionable Beta-0.23 Social Links Key ExecutivesMr. Fred M. Schwarzer J.D. (Age 70)CEO, Pres & Director Comp: $926.9kDr. Lisa L. Decker Ph.D. (Age 54)Chief Bus. Officer Comp: $528.18kDr. Chris H. Takimoto FACP (Age 64)M.D., Ph.D., Chief Medical Officer Comp: $662.28kMr. Misbah Tahir (Age 48)Chief Financial Officer Mr. Steven Weber (Age 47)Sr. VP, Corp. Controller & Principal Accounting Officer Dr. Bruce A. Keyt (Age 70)Chief Scientific Officer Mr. Paul C. GraffagninoVP of Legal AffairsMs. Suzette Tauber (Age 59)Chief HR Officer Dr. Shinyu Chen M.D. (Age 54)Ph.D., Consultant Dr. Angus M. Sinclair Ph.D.Sr. VP of Immuno-OncologyMore ExecutivesKey CompetitorsAnaptysBioNASDAQ:ANABProcaps GroupNASDAQ:PROCBicycle TherapeuticsNASDAQ:BCYCAmarinNASDAQ:AMRNStoke TherapeuticsNASDAQ:STOKView All CompetitorsInsiders & InstitutionsChris H TakimotoSold 1,259 sharesTotal: $15,498.29 ($12.31/share)Putnam Investments LLCBought 5,510 shares on 5/22/2023Ownership: 0.048%JPMorgan Chase & Co.Bought 2,585 shares on 5/18/2023Ownership: 0.032%State Street CorpBought 3,651 shares on 5/16/2023Ownership: 0.533%Geode Capital Management LLCBought 4,307 shares on 5/16/2023Ownership: 0.460%View All Insider TransactionsView All Institutional Transactions IGMS Stock - Frequently Asked Questions Should I buy or sell IGM Biosciences stock right now? 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for IGM Biosciences in the last twelve months. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" IGMS shares. View IGMS analyst ratings or view top-rated stocks. What is IGM Biosciences' stock price forecast for 2023? 8 brokerages have issued 12-month price targets for IGM Biosciences' shares. Their IGMS share price forecasts range from $17.00 to $55.00. On average, they anticipate the company's stock price to reach $29.78 in the next twelve months. This suggests a possible upside of 161.9% from the stock's current price. View analysts price targets for IGMS or view top-rated stocks among Wall Street analysts. How have IGMS shares performed in 2023? IGM Biosciences' stock was trading at $17.01 at the beginning of the year. Since then, IGMS shares have decreased by 33.2% and is now trading at $11.37. View the best growth stocks for 2023 here. When is IGM Biosciences' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023. View our IGMS earnings forecast. How were IGM Biosciences' earnings last quarter? IGM Biosciences, Inc. (NASDAQ:IGMS) posted its earnings results on Thursday, March, 30th. The company reported ($1.19) earnings per share for the quarter, beating the consensus estimate of ($1.53) by $0.34. The business earned $0.37 million during the quarter, compared to the consensus estimate of $15.27 million. IGM Biosciences had a negative trailing twelve-month return on equity of 74.30% and a negative net margin of 14,363.10%. During the same period last year, the firm earned ($1.50) earnings per share. What ETFs hold IGM Biosciences' stock? ETFs with the largest weight of IGM Biosciences (NASDAQ:IGMS) stock in their portfolio include Loncar Cancer Immunotherapy ETF (CNCR), Virtus LifeSci Biotech Clinical Trials ETF (BBC), Invesco Nasdaq Future Gen 200 ETF (QQQS), Principal Healthcare Innovators ETF (BTEC), iShares Biotechnology ETF (IBB), ProShares Ultra Nasdaq Biotechnology (BIB) and What other stocks do shareholders of IGM Biosciences own? Based on aggregate information from My MarketBeat watchlists, some companies that other IGM Biosciences investors own include Pfizer (PFE), Tesla (TSLA), AbbVie (ABBV), ImmunoGen (IMGN), Plug Power (PLUG), Atreca (BCEL), Carnival Co. & (CCL), Cisco Systems (CSCO), Dropbox (DBX) and Energy Transfer (ET). When did IGM Biosciences IPO? (IGMS) raised $125 million in an initial public offering (IPO) on Wednesday, September 18th 2019. The company issued 7,800,000 shares at a price of $15.00-$17.00 per share. Jefferies, Piper Jaffray, Stifel and Guggenheim Securities acted as the underwriters for the IPO. What is IGM Biosciences' stock symbol? IGM Biosciences trades on the NASDAQ under the ticker symbol "IGMS." Who are IGM Biosciences' major shareholders? IGM Biosciences' stock is owned by many different institutional and retail investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (4.92%), FMR LLC (1.96%), BlackRock Inc. (1.79%), State Street Corp (0.53%), Geode Capital Management LLC (0.46%) and Candriam S.C.A. (0.44%). Insiders that own company stock include Bruce Keyt, Chris H Takimoto, Daniel Shinyu Chen, Fred Schwarzer, George Gauthier, Jakob Haldor Topsoe, Julie Hambleton, M Kathleen Behrens, Michael D Loberg, Misbah Tahir and Redmile Group, Llc. View institutional ownership trends. How do I buy shares of IGM Biosciences? Shares of IGMS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is IGM Biosciences' stock price today? One share of IGMS stock can currently be purchased for approximately $11.37. How much money does IGM Biosciences make? IGM Biosciences (NASDAQ:IGMS) has a market capitalization of $489.82 million and generates $1.07 million in revenue each year. The company earns $-221,100,000.00 in net income (profit) each year or ($5.17) on an earnings per share basis. How many employees does IGM Biosciences have? The company employs 192 workers across the globe. How can I contact IGM Biosciences? IGM Biosciences' mailing address is 325 EAST MIDDLEFIELD ROAD, MOUNTAIN VIEW CA, 94043. The official website for the company is igmbio.com. The company can be reached via phone at 650-965-7873. 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