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S&P 500   4,267.52
DOW   33,665.02
QQQ   348.82
10 Best Airline Stocks to Buy
New "Mined in America" Lithium Opportunities? (Ad)
Stock market today: Wall Street listless early ahead of new labor market data
What is a Growth Stock Mutual Fund?
New "Mined in America" Lithium Opportunities? (Ad)
Ollie’s Bargain Outlet Goes On Sale 
Will MicroVision Maintain Its Momentum After the Short Squeeze?
New "Mined in America" Lithium Opportunities? (Ad)
Campbell Soup Company Leads Staples Stocks Into The Buy Zone
Apple Partnership Strengthens Unity Software's Investment Appeal
S&P 500   4,267.52
DOW   33,665.02
QQQ   348.82
10 Best Airline Stocks to Buy
New "Mined in America" Lithium Opportunities? (Ad)
Stock market today: Wall Street listless early ahead of new labor market data
What is a Growth Stock Mutual Fund?
New "Mined in America" Lithium Opportunities? (Ad)
Ollie’s Bargain Outlet Goes On Sale 
Will MicroVision Maintain Its Momentum After the Short Squeeze?
New "Mined in America" Lithium Opportunities? (Ad)
Campbell Soup Company Leads Staples Stocks Into The Buy Zone
Apple Partnership Strengthens Unity Software's Investment Appeal
S&P 500   4,267.52
DOW   33,665.02
QQQ   348.82
10 Best Airline Stocks to Buy
New "Mined in America" Lithium Opportunities? (Ad)
Stock market today: Wall Street listless early ahead of new labor market data
What is a Growth Stock Mutual Fund?
New "Mined in America" Lithium Opportunities? (Ad)
Ollie’s Bargain Outlet Goes On Sale 
Will MicroVision Maintain Its Momentum After the Short Squeeze?
New "Mined in America" Lithium Opportunities? (Ad)
Campbell Soup Company Leads Staples Stocks Into The Buy Zone
Apple Partnership Strengthens Unity Software's Investment Appeal
NASDAQ:IGMS

IGM Biosciences (IGMS) Stock Forecast, Price & News

$10.61
+0.59 (+5.89%)
(As of 06/7/2023 ET)
Compare
Today's Range
$9.98
$10.72
50-Day Range
$9.98
$17.02
52-Week Range
$9.74
$28.20
Volume
461,252 shs
Average Volume
262,502 shs
Market Capitalization
$457.08 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$29.63

IGM Biosciences MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
179.2% Upside
$29.63 Price Target
Short Interest
Bearish
23.65% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.08
Upright™ Environmental Score
News Sentiment
0.62mentions of IGM Biosciences in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$60,394 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($5.97) to ($5.23) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.52 out of 5 stars

Medical Sector

111th out of 981 stocks

Pharmaceutical Preparations Industry

44th out of 481 stocks


IGMS stock logo

About IGM Biosciences (NASDAQ:IGMS) Stock

IGM 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.

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IGMS Stock News Headlines

IGM Biosciences (NASDAQ:IGMS) Trading Down 5.7%
The Real Problem With "Made in America" Lithium
Politicians love to say they support "Made in America" when it comes to manufacturing. But when it comes to lithium - the metal fueling our transition to electric vehicles - it's not that simple.
The Real Problem With "Made in America" Lithium
Politicians love to say they support "Made in America" when it comes to manufacturing. But when it comes to lithium - the metal fueling our transition to electric vehicles - it's not that simple.
IGM Biosciences (NASDAQ:IGMS) Trading 8.6% Higher
Analyst Expectations for IGM Biosciences's Future
IGM Biosciences (NASDAQ:IGMS) Price Target Cut to $17.00
Recap: IGM Biosciences Q1 Earnings
See More Headlines

IGMS Price History

IGMS Company Calendar

Last Earnings
3/30/2023
Today
6/07/2023
Next Earnings (Estimated)
8/14/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Pharmaceutical preparations
Sub-Industry
N/A
Sector
Medical
Current Symbol
NASDAQ:IGMS
Fax
N/A
Employees
192
Year Founded
2010

Price Target and Rating

Average Stock Price Forecast
$29.63
High Stock Price Forecast
$55.00
Low Stock Price Forecast
$17.00
Forecasted Upside/Downside
+179.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

Net Income
$-221,100,000.00
Net Margins
-14,363.10%
Pretax Margin
-14,357.64%

Debt

Sales & Book Value

Annual Sales
$1.07 million
Book Value
$6.67 per share

Miscellaneous

Free Float
18,973,000
Market Cap
$457.08 million
Optionable
Not Optionable
Beta
-0.23

Social Links


Key Executives

  • Mr. Fred M. Schwarzer J.D. (Age 70)
    CEO, Pres & Director
    Comp: $926.9k
  • Dr. Lisa L. Decker Ph.D. (Age 54)
    Chief Bus. Officer
    Comp: $528.18k
  • Dr. Chris H. Takimoto FACP (Age 64)
    M.D., Ph.D., Chief Medical Officer
    Comp: $662.28k
  • Mr. 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. Graffagnino
    VP of Legal Affairs
  • Ms. 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-Oncology













IGMS Stock - Frequently Asked Questions

Should I buy or sell IGM Biosciences stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for IGM Biosciences in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research 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?

7 Wall Street research analysts have issued 1 year target prices for IGM Biosciences' stock. Their IGMS share price forecasts range from $17.00 to $55.00. On average, they anticipate the company's stock price to reach $29.63 in the next year. This suggests a possible upside of 179.2% 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 37.6% and is now trading at $10.61.
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) released its earnings results on Thursday, March, 30th. The company reported ($1.19) earnings per share for the quarter, topping the consensus estimate of ($1.53) by $0.34. The company had revenue of $0.37 million for the quarter, compared to analyst estimates 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 in the prior year, the firm earned ($1.50) EPS.

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 on Wednesday, September 18th 2019. The company issued 7,800,000 shares at $15.00-$17.00 per share. Jefferies, Piper Jaffray, Stifel and Guggenheim Securities served 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 retail and institutional 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 $10.61.

How much money does IGM Biosciences make?

IGM Biosciences (NASDAQ:IGMS) has a market capitalization of $457.08 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.

This page (NASDAQ:IGMS) was last updated on 6/8/2023 by MarketBeat.com Staff

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