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

Sign in or create an account to add this stock to your watchlist.
$2.43 -0.08 (-3.19 %)
(As of 04/24/2019 04:00 PM ET)
Previous Close$2.51
Today's Range$2.41 - $2.51
52-Week Range$2.27 - $12.31
Volume1.43 million shs
Average Volume3.45 million shs
Market Capitalization$363.07 million
P/E RatioN/A
Dividend YieldN/A
Beta2.22
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. ImmunoGen, Inc. has collaborations with Roche, Amgen/Oxford BioTherapeutics, sanofi-aventis U. S. LLC, Biotest AG, Bayer HealthCare AG, Novartis Institutes for BioMedical Research, Inc., CytomX Therapeutics, Inc., Takeda Pharmaceutical Company Limited, Fusion Pharmaceuticals Inc., Debiopharm International SA, Jazz Pharmaceuticals Ireland Limited, and MacroGenics, Inc. ImmunoGen, Inc. was founded in 1980 and is headquartered in Waltham, Massachusetts.

Receive IMGN News and Ratings via Email

Sign-up to receive the latest news and ratings for IMGN and its competitors with MarketBeat's FREE daily newsletter.

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-311.94%

Miscellaneous

Employees296
Market Cap$363.07 million
Next Earnings Date5/3/2019 (Confirmed)
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 earnings results on Friday, February, 8th. The biotechnology company reported ($0.28) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.33) by $0.06. The biotechnology company earned $13.79 million during the quarter, compared to the consensus estimate of $12.42 million. ImmunoGen had a negative net margin of 311.94% and a negative return on equity of 599.63%. ImmunoGen's revenue was down 65.0% on a year-over-year basis. During the same period last year, the business posted ($0.11) 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, May 3rd 2019. View Earnings Estimates for ImmunoGen.

How can I listen to ImmunoGen's earnings call?

ImmunoGen will be holding an earnings conference call on Friday, May 3rd at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

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

ImmunoGen issued an update on its FY 2019 earnings guidance on Friday, February, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $40-45 million, compared to the consensus revenue estimate of $64.43 million.

What price target have analysts set for IMGN?

11 equities research analysts have issued 12-month price objectives for ImmunoGen's stock. Their forecasts range from $2.50 to $20.00. On average, they anticipate ImmunoGen's share price to reach $7.17 in the next twelve months. This suggests a possible upside of 195.1% from the stock's current price. View Analyst Price Targets for ImmunoGen.

What is the consensus analysts' recommendation for ImmunoGen?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ImmunoGen in the last year. There are currently 1 sell rating, 7 hold ratings and 3 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. 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?

Media coverage about IMGN stock has been trending positive on Wednesday, according to InfoTrie Sentiment. The research group identifies positive and negative news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. ImmunoGen earned a media sentiment score of 2.5 on InfoTrie's scale. They also gave news headlines about the biotechnology company a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days.

Are investors shorting ImmunoGen?

ImmunoGen saw a increase in short interest in March. As of March 29th, there was short interest totalling 13,813,907 shares, an increase of 24.1% from the March 15th total of 11,130,866 shares. Based on an average trading volume of 2,850,291 shares, the days-to-cover ratio is presently 4.8 days. Currently, 9.4% of the shares of the stock are short sold. 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), Micron Technology (MU), Synergy Pharmaceuticals (SGYP), Seattle Genetics (SGEN), NVIDIA (NVDA), Gilead Sciences (GILD), Novavax (NVAX), Alibaba Group (BABA), Pfizer (PFE) and Exelixis (EXEL).

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 number of of retail and institutional investors. Top institutional investors include Creative Planning (0.05%), Baxter Bros Inc. (0.05%), Virtu Financial LLC (0.02%), Wedbush Securities Inc. (0.01%) and Quantitative Systematic Strategies LLC (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, 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 Quantitative Systematic Strategies LLC. Company insiders that have sold ImmunoGen company stock in the last year include Anna Berkenblit, David Brannon Johnston, 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 acquired by a variety of institutional investors in the last quarter, including Baxter Bros Inc., Creative Planning, Virtu Financial LLC and Wedbush Securities Inc.. 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 $2.43.

How big of a company is ImmunoGen?

ImmunoGen has a market capitalization of $363.07 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.

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:  369 (Vote Outperform)
Underperform Votes:  406 (Vote Underperform)
Total Votes:  775
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 4/24/2019 by MarketBeat.com Staff

Featured Article: What is the QQQ ETF?

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel