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NASDAQ:IMGN - ImmunoGen Stock Price, Forecast & News

$3.58
-0.04 (-1.10 %)
(As of 12/15/2019 04:00 PM ET)
Today's Range
$3.49
Now: $3.58
$3.67
50-Day Range
$2.42
MA: $3.33
$3.99
52-Week Range
$1.76
Now: $3.58
$6.13
Volume1.30 million shs
Average Volume1.95 million shs
Market Capitalization$535.93 million
P/E RatioN/A
Dividend YieldN/A
Beta2.34
ImmunoGen, Inc, a clinical-stage biotechnology company, develops antibody-drug conjugate (ADC) therapies to treat cancer. Its product candidates include mirvetuximab soravtansine, an ADC targeting folate-receptor alpha, which is in Phase III clinical trial for the treatment of platinum-resistant ovarian cancer; IMGN779 that is in Phase I clinical trial for the treatment of acute myeloid leukemia (AML); and IMGN632, a CD123-targeting ADC that is in Phase I clinical trial for treating AML and blastic plasmacytoid dendritic cell neoplasm. Read More…

Industry, Sector and Symbol

Industry Pharmaceutical preparations
Sub-IndustryBiotechnology
SectorMedical
Current SymbolNASDAQ:IMGN
CUSIP45253H10
Phone781-895-0600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$53.82 million
Book Value$0.07 per share

Profitability

Net Income$-168,840,000.00
Net Margins-292.57%

Miscellaneous

Employees296
Market Cap$535.93 million
Next Earnings Date2/14/2020 (Estimated)
OptionableOptionable

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ImmunoGen (NASDAQ:IMGN) Frequently Asked Questions

What is ImmunoGen's stock symbol?

ImmunoGen trades on the NASDAQ under the ticker symbol "IMGN."

How were ImmunoGen's earnings last quarter?

ImmunoGen, Inc. (NASDAQ:IMGN) announced its quarterly earnings data on Friday, November, 1st. The biotechnology company reported ($0.15) earnings per share for the quarter, beating analysts' consensus estimates of ($0.19) by $0.04. The biotechnology company had revenue of $13.30 million for the quarter, compared to analyst estimates of $10.38 million. ImmunoGen had a negative net margin of 292.57% and a negative return on equity of 573.09%. The business's quarterly revenue was up 22.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.32) earnings per share. View ImmunoGen's Earnings History.

When is ImmunoGen's next earnings date?

ImmunoGen is scheduled to release their next quarterly earnings announcement on Friday, February 14th 2020. View Earnings Estimates for ImmunoGen.

What price target have analysts set for IMGN?

9 brokerages have issued 1 year price targets for ImmunoGen's shares. Their forecasts range from $2.50 to $5.00. On average, they anticipate ImmunoGen's share price to reach $3.28 in the next year. This suggests that the stock has a possible downside of 8.4%. View Analyst Price Targets for ImmunoGen.

What is the consensus analysts' recommendation for ImmunoGen?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ImmunoGen in the last year. There are currently 1 sell rating, 6 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for ImmunoGen.

What are Wall Street analysts saying about ImmunoGen stock?

Here are some recent quotes from research analysts about ImmunoGen stock:
  • 1. According to Zacks Investment Research, "ImmunoGen reported dismal first-quarter results wherein earnings and sales missed expectations. The company is progressing with its lead ovarian cancer candidate, mirvetuximab soravtansine. Successful development and subsequent approval of the candidate will be a huge boost to the company as the ovarian cancer market has immense potential. The company has collaborations with big healthcare companies, which not only validate its technology but also provide it with funds in the form of milestone and royalty payments. However, ImmunoGen is heavily dependent on its lead candidate, mirvetuximab soravtansine. In March, the company received a major setback as the candidate failed in its phase III monotherapy study. The ovarian cancer space is also highly competitive, which is also a matter of concern for the company. The company’s shares have underperformed the industry so far this year." (5/8/2019)
  • 2. HC Wainwright analysts commented, "Our 12-month, $18 price target on shares of ImmunoGen is based on a 13-year DCF-driven, sum-of-the-parts analysis. Our DCF analysis is based on: beta of 1.8, terminal growth rate of 0.5%, risk premium of 4.93%, calculated WACC of 12.0%, and tax rate of 12% beginning in FY 2028. Note, our $18 price target is leveraged on the outcome of the mirvetuximab soravtansine’s Phase 3 FORWARD I study, which represents approximately 89% of our target (risk-adjusted NPV of $16 per share). Key risks to our valuation include: emergence of ADC-related safety concerns, clinical, regulatory, and financials risks. ImmunoGen, Inc." (1/3/2019)

Has ImmunoGen been receiving favorable news coverage?

News headlines about IMGN stock have trended neutral recently, InfoTrie reports. The research group ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. ImmunoGen earned a news impact score of 0.2 on InfoTrie's scale. They also assigned media headlines about the biotechnology company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for ImmunoGen.

Are investors shorting ImmunoGen?

ImmunoGen saw a increase in short interest in November. As of November 29th, there was short interest totalling 8,500,000 shares, an increase of 8.6% from the November 14th total of 7,830,000 shares. Based on an average trading volume of 1,848,700 shares, the days-to-cover ratio is currently 4.6 days. Approximately 5.8% of the company's stock are sold short. View ImmunoGen's Current Options Chain.

Who are some of ImmunoGen's key competitors?

What other stocks do shareholders of ImmunoGen own?

Based on aggregate information from My MarketBeat watchlists, some companies that other ImmunoGen investors own include Immunomedics (IMMU), NVIDIA (NVDA), Micron Technology (MU), Seattle Genetics (SGEN), Synergy Pharmaceuticals (SGYP), Pfizer (PFE), Exelixis (EXEL), Nektar Therapeutics (NKTR), Alibaba Group (BABA) and Gilead Sciences (GILD).

Who are ImmunoGen's key executives?

ImmunoGen's management team includes the folowing people:
  • Mr. Mark J. Enyedy, Pres, CEO, Interim Principal Financial Officer & Director (Age 55)
  • Dr. Richard J. Gregory, Exec. VP & Chief Scientific Officer (Age 61)
  • Mr. Craig Barrows, Exec. VP, Gen. Counsel & Sec. (Age 64)
  • Dr. Anna Berkenblit, VP & Chief Medical Officer (Age 49)
  • Mr. David G. Foster, VP of Fin. & Chief Accounting Officer

Who are ImmunoGen's major shareholders?

ImmunoGen's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Redmile Group LLC (9.76%), State Street Corp (4.15%), Squarepoint Ops LLC (0.40%), Alps Advisors Inc. (0.20%), Barclays PLC (0.17%) and Man Group plc (0.16%). Company insiders that own ImmunoGen stock include Anna Berkenblit, Daniel M Junius, David Brannon Johnston, Mark Alan Goldberg, Mark J Enyedy, Richard J Gregory and Thomas Ryll. View Institutional Ownership Trends for ImmunoGen.

Which institutional investors are selling ImmunoGen stock?

IMGN stock was sold by a variety of institutional investors in the last quarter, including Man Group plc, Barclays PLC, Virtu Financial LLC, Alps Advisors Inc., Janney Montgomery Scott LLC and grace capital. Company insiders that have sold ImmunoGen company stock in the last year include Mark J Enyedy, Richard J Gregory and Thomas Ryll. View Insider Buying and Selling for ImmunoGen.

Which institutional investors are buying ImmunoGen stock?

IMGN stock was bought by a variety of institutional investors in the last quarter, including State Street Corp, Redmile Group LLC, Squarepoint Ops LLC, SG Americas Securities LLC, Chicago Equity Partners LLC, Voloridge Investment Management LLC, Commonwealth Equity Services LLC and California Public Employees Retirement System. View Insider Buying and Selling for ImmunoGen.

How do I buy shares of ImmunoGen?

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

What is ImmunoGen's stock price today?

One share of IMGN stock can currently be purchased for approximately $3.58.

How big of a company is ImmunoGen?

ImmunoGen has a market capitalization of $535.93 million and generates $53.82 million in revenue each year. The biotechnology company earns $-168,840,000.00 in net income (profit) each year or ($1.18) on an earnings per share basis. ImmunoGen employs 296 workers across the globe.View Additional Information About ImmunoGen.

What is ImmunoGen's official website?

The official website for ImmunoGen is http://www.immunogen.com/.

How can I contact ImmunoGen?

ImmunoGen's mailing address is 830 WINTER ST, WALTHAM MA, 02451. The biotechnology company can be reached via phone at 781-895-0600 or via email at [email protected]


MarketBeat Community Rating for ImmunoGen (NASDAQ IMGN)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  410 (Vote Outperform)
Underperform Votes:  445 (Vote Underperform)
Total Votes:  855
MarketBeat's community ratings are surveys of what our community members think about ImmunoGen and other stocks. Vote "Outperform" if you believe IMGN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe IMGN will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/15/2019 by MarketBeat.com Staff

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