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NASDAQ:IMGN

ImmunoGen (IMGN) Stock Price, News & Analysis

$31.23
0.00 (0.00%)
(As of 02/26/2024 ET)
Today's Range
$31.23
$31.23
50-Day Range
$29.26
$31.23
52-Week Range
$3.61
$31.25
Volume
40 shs
Average Volume
8.78 million shs
Market Capitalization
$8.32 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$25.77

ImmunoGen MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
17.5% Downside
$25.77 Price Target
Short Interest
Bearish
7.74% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.86
Upright™ Environmental Score
News Sentiment
0.96mentions of ImmunoGen in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$9.90 M Sold Last Quarter
Proj. Earnings Growth
362.50%
From $0.08 to $0.37 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.86 out of 5 stars

Medical Sector

268th out of 958 stocks

Biotechnology Industry

1st out of 16 stocks


IMGN stock logo

About ImmunoGen Stock (NASDAQ:IMGN)

ImmunoGen, Inc., a commercial-stage biotechnology company, focuses on developing and commercializing the antibody-drug conjugates (ADCs) for cancer patients. The company's product candidates include mirvetuximab soravtansine, an ADC targeting folate-receptor alpha (FRa), for the treatment of platinum-resistant ovarian cancer; and a cell-surface protein expressed in various epithelial tumors, including ovarian, endometrial, and non-small-cell lung cancers, as well as Pivekimab sunirine, a CD123-targeting ADC that is in Phase II clinical trial for treating acute myeloid leukemia and blastic plasmacytoid dendritic cell neoplasm. Its preclinical programs include IMGC936, an ADC in co-development with MacroGenics, Inc.; and IMGN151, an anti-FRa product candidate. The company has collaborations with Roche; Amgen/Oxford BioTherapeutics; Bayer HealthCare AG; Eli Lilly and Company; Novartis Institutes for BioMedical Research, Inc.; CytomX Therapeutics, Inc.; Fusion Pharmaceuticals Inc.; Debiopharm International SA; and MacroGenics, Inc. ImmunoGen, Inc. was founded in 1980 and is headquartered in Waltham, Massachusetts. As of February 12, 2024, ImmunoGen, Inc. operates as a subsidiary of AbbVie Inc.

IMGN Stock Price History

IMGN Stock News Headlines

Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
CERE Aug 2024 30.000 call
Barclays Keeps Their Hold Rating on ImmunoGen (IMGN)
Hunting for Domestic Vanadium - The U.S. Govt. Did WHAT?
A little-known metal called vanadium is vital to American national security and energy independence. But right now, China and Russia dominate our supply. The U.S. Govt. is so serious about vanadium, it funded and recently completed an "Earth MRI" survey to seek out new sources of this energy metal - in Wyoming.
IMGN Quantitative Stock Analysis
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates EAR, IMGN, CVLY
Immunogen Inc IMGN
AbbVie acquiring Cerevel Therapeutics in $8.7B deal
ImmunoGen downgraded to Neutral from Overweight at Piper Sandler
See More Headlines
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Company Calendar

Last Earnings
7/31/2023
Today
2/29/2024
Next Earnings (Estimated)
3/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Biotechnology
Sub-Industry
Biotechnology
Current Symbol
NASDAQ:IMGN
CUSIP
45253H10
Employees
277
Year Founded
1981

Price Target and Rating

Average Stock Price Target
$25.77
High Stock Price Target
$31.26
Low Stock Price Target
$16.00
Potential Upside/Downside
-17.5%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
12 Analysts

Profitability

Net Income
$-222,930,000.00
Pretax Margin
-25.24%

Debt

Sales & Book Value

Annual Sales
$287.61 million
Book Value
$0.71 per share

Miscellaneous

Free Float
252,764,000
Market Cap
$8.32 billion
Optionable
Optionable
Beta
1.18

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IMGN Stock Analysis - Frequently Asked Questions

Should I buy or sell ImmunoGen stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ImmunoGen in the last twelve months. There are currently 9 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" IMGN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in IMGN, but not buy additional shares or sell existing shares.
View IMGN analyst ratings
or view top-rated stocks.

What is ImmunoGen's stock price target for 2024?

12 brokerages have issued twelve-month target prices for ImmunoGen's shares. Their IMGN share price targets range from $16.00 to $31.26. On average, they predict the company's stock price to reach $25.77 in the next year. This suggests that the stock has a possible downside of 17.5%.
View analysts price targets for IMGN
or view top-rated stocks among Wall Street analysts.

How have IMGN shares performed in 2024?

ImmunoGen's stock was trading at $29.65 at the start of the year. Since then, IMGN shares have increased by 5.3% and is now trading at $31.23.
View the best growth stocks for 2024 here
.

Are investors shorting ImmunoGen?

ImmunoGen saw a increase in short interest during the month of January. As of January 31st, there was short interest totaling 20,610,000 shares, an increase of 9.3% from the January 15th total of 18,860,000 shares. Based on an average daily trading volume, of 8,180,000 shares, the short-interest ratio is currently 2.5 days.
View ImmunoGen's Short Interest
.

When is ImmunoGen's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 6th 2024.
View our IMGN earnings forecast
.

How were ImmunoGen's earnings last quarter?

ImmunoGen, Inc. (NASDAQ:IMGN) posted its quarterly earnings data on Monday, July, 31st. The biotechnology company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.14. The biotechnology company had revenue of $83.20 million for the quarter, compared to the consensus estimate of $49.15 million. ImmunoGen had a negative trailing twelve-month return on equity of 22.11% and a negative net margin of 25.56%. The business's quarterly revenue was up 485.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.24) EPS.

What is Mark J. Enyedy's approval rating as ImmunoGen's CEO?

16 employees have rated ImmunoGen Chief Executive Officer Mark J. Enyedy on Glassdoor.com. Mark J. Enyedy has an approval rating of 64% among the company's employees.

What other stocks do shareholders of ImmunoGen own?

Based on aggregate information from My MarketBeat watchlists, some companies that other ImmunoGen investors own include Pfizer (PFE), NVIDIA (NVDA), Micron Technology (MU), Immunomedics (IMMU), Advanced Micro Devices (AMD), AbbVie (ABBV), Gilead Sciences (GILD), OPKO Health (OPK), AT&T (T) and Dynavax Technologies (DVAX).

Who are ImmunoGen's major shareholders?

ImmunoGen's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.56%), Norges Bank (2.08%), FIL Ltd (2.01%), Voloridge Investment Management LLC (1.21%), Northern Trust Corp (0.87%) and TIG Advisors LLC (0.87%). Insiders that own company stock include Kristine Peterson, Mark J Enyedy, Renee Lentini, Stacy Ann Coen and Theresa Wingrove.
View institutional ownership trends
.

How do I buy shares of ImmunoGen?

Shares of IMGN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does ImmunoGen have any subsidiaries?
The following companies are subsidiares of ImmunoGen: Hurricane LLC, ImmunoGen BioPharma (Ireland) Limited, ImmunoGen Europe Limited, and ImmunoGen Securities Corp..
Read More
This page (NASDAQ:IMGN) was last updated on 2/29/2024 by MarketBeat.com Staff