NASDAQ:IMGN - ImmunoGen Stock Price, News, & Analysis

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$5.0249 -0.01 (-0.20 %)
(As of 01/18/2019 02:32 PM ET)
Previous Close$5.03
Today's Range$4.88 - $5.10
52-Week Range$3.80 - $13.41
Volume1.63 million shs
Average Volume3.04 million shs
Market Capitalization$743.96 million
P/E Ratio-6.70
Dividend YieldN/A
Beta2.37
ImmunoGen, Inc., a clinical-stage biotechnology company, focuses on developing 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, as well as coltuximab ravtansine, a CD19-targeting ADC, which is in Phase II trial for DLBCL. ImmunoGen, Inc. has collaborations with Roche; Bayer HealthCare AG; Sanofi; Biotest AG; Novartis Institutes for BioMedical Research, Inc.; Eli Lilly and Company; Amgen; CytomX Therapeutics, Inc.; Takeda Pharmaceutical Company Limited; Jazz Pharmaceuticals plc; and Debiopharm International SA. ImmunoGen, Inc. was founded in 1981 and is headquartered in Waltham, Massachusetts.

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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$115.45 million
Book Value($0.14) per share

Profitability

Net Income$-96,010,000.00
Net Margins-176.35%

Miscellaneous

Employees293
Market Cap$743.96 million
OptionableOptionable

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) issued its quarterly earnings results on Friday, November, 2nd. The biotechnology company reported ($0.32) earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.33) by $0.01. The biotechnology company earned $10.90 million during the quarter, compared to analyst estimates of $13.60 million. ImmunoGen had a negative return on equity of 673.66% and a negative net margin of 176.35%. ImmunoGen's revenue for the quarter was up 28.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.61) EPS. 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 8th 2019. View Earnings Estimates for ImmunoGen.

What guidance has ImmunoGen issued on next quarter's earnings?

ImmunoGen updated its FY 2018 earnings guidance on Friday, November, 2nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $50-55 million, compared to the consensus revenue estimate of $57.35 million.

What price target have analysts set for IMGN?

9 brokers have issued 1 year price objectives for ImmunoGen's shares. Their predictions range from $5.00 to $20.00. On average, they expect ImmunoGen's share price to reach $14.60 in the next year. This suggests a possible upside of 190.6% from the stock's current price. 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 2 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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. 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)
  • 2. According to Zacks Investment Research, "ImmunoGen has made significant progress with regard to 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 provides it with funds in the form of milestone and royalty payments. However, ImmunoGen is heavily dependent on its lead candidate, mirvetuximab soravtansine. Hence, any kind of development or a regulatory setback could hamper the stock. The ovarian cancer space being competitive is also a matter of concern for the company. The company’s shares have outperformed the industry so far this year." (9/24/2018)

Has ImmunoGen been receiving favorable news coverage?

News stories about IMGN stock have been trending somewhat positive this week, according to InfoTrie. The research group identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. ImmunoGen earned a news sentiment score of 1.6 on InfoTrie's scale. They also assigned news coverage about the biotechnology company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the near future.

Are investors shorting ImmunoGen?

ImmunoGen saw a decline in short interest in December. As of December 14th, there was short interest totalling 12,702,996 shares, a decline of 10.6% from the November 30th total of 14,210,029 shares. Based on an average daily volume of 2,136,181 shares, the short-interest ratio is currently 5.9 days. Approximately 8.7% of the company's shares are sold short. View ImmunoGen's Current Options Chain.

Who are some of ImmunoGen's key competitors?

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 Foster, VP of Fin. & Chief Accounting Officer

Who are ImmunoGen's major shareholders?

ImmunoGen's stock is owned by many different of institutional and retail investors. Top institutional investors include Nisa Investment Advisors LLC (0.03%) and Fox Run Management L.L.C. (0.01%). Company insiders that own ImmunoGen stock include Anna Berkenblit, Craig Barrows, Daniel M Junius, David Brannon Johnston, Mark Alan Goldberg, Mark J Enyedy and Richard J Gregory. View Institutional Ownership Trends for ImmunoGen.

Which major investors are buying ImmunoGen stock?

IMGN stock was purchased by a variety of institutional investors in the last quarter, including Nisa Investment Advisors LLC and Fox Run Management L.L.C.. 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, Scottrade, Fidelity and Charles Schwab.

What is ImmunoGen's stock price today?

One share of IMGN stock can currently be purchased for approximately $5.0249.

How big of a company is ImmunoGen?

ImmunoGen has a market capitalization of $743.96 million and generates $115.45 million in revenue each year. The biotechnology company earns $-96,010,000.00 in net income (profit) each year or ($0.75) on an earnings per share basis. ImmunoGen employs 293 workers across the globe.

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:  354 (Vote Outperform)
Underperform Votes:  370 (Vote Underperform)
Total Votes:  724
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 1/18/2019 by MarketBeat.com Staff

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