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

$2.15
-0.01 (-0.46 %)
(As of 06/19/2019 08:00 AM ET)
Today's Range
$2.09
Now: $2.15
$2.23
50-Day Range
$1.79
MA: $2.29
$3.29
52-Week Range
$1.76
Now: $2.15
$12.31
Volume2.64 million shs
Average Volume2.78 million shs
Market Capitalization$321.49 million
P/E RatioN/A
Dividend YieldN/A
Beta2.24
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-406.27%

Miscellaneous

Employees296
Market Cap$321.49 million
Next Earnings Date7/26/2019 (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) released its quarterly earnings data on Friday, May, 3rd. The biotechnology company reported ($0.30) EPS for the quarter, topping the consensus estimate of ($0.31) by $0.01. The biotechnology company earned $8.60 million during the quarter, compared to the consensus estimate of $10.59 million. ImmunoGen had a negative return on equity of 573.13% and a negative net margin of 406.27%. ImmunoGen's revenue for the quarter was down 56.6% on a year-over-year basis. During the same period last year, the company earned ($0.30) 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, July 26th 2019. View Earnings Estimates for ImmunoGen.

What price target have analysts set for IMGN?

10 equities research analysts have issued 1 year price targets for ImmunoGen's stock. Their predictions range from $2.50 to $4.00. On average, they anticipate ImmunoGen's stock price to reach $3.03 in the next twelve months. This suggests a possible upside of 40.9% from the stock's current price. View Analyst Price Targets for ImmunoGen.

What is the consensus analysts' recommendation for ImmunoGen?

10 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 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. 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?

Press coverage about IMGN stock has trended somewhat positive recently, according to InfoTrie. InfoTrie rates the sentiment of press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. ImmunoGen earned a news sentiment score of 1.3 on InfoTrie's scale. They also gave news articles about the biotechnology company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the next few days. View News Stories for ImmunoGen.

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), Synergy Pharmaceuticals (SGYP), Seattle Genetics (SGEN), Gilead Sciences (GILD), Micron Technology (MU), Novavax (NVAX), NVIDIA (NVDA), Pfizer (PFE), Exelixis (EXEL) and Alibaba Group (BABA).

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 shareholders include Redmile Group LLC (8.74%), Clearbridge Investments LLC (5.93%), Primecap Management Co. CA (2.51%), FMR LLC (1.13%), Pinnacle Associates Ltd. (1.08%) and Jennison Associates LLC (0.98%). 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 FMR LLC, Quantitative Systematic Strategies LLC, Los Angeles Capital Management & Equity Research Inc., Primecap Management Co. CA, Metropolitan Life Insurance Co NY, Rhumbline Advisers and TD Asset Management Inc.. Company insiders that have sold ImmunoGen company stock in the last year include Anna Berkenblit, 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 Redmile Group LLC, Pinnacle Associates Ltd., Clearbridge Investments LLC, Jennison Associates LLC, Candriam Luxembourg S.C.A., Birchview Capital LP, Baxter Bros Inc. and Spark Investment Management LLC. 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 $2.15.

How big of a company is ImmunoGen?

ImmunoGen has a market capitalization of $321.49 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:  380 (Vote Outperform)
Underperform Votes:  416 (Vote Underperform)
Total Votes:  796
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 6/19/2019 by MarketBeat.com Staff

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