Ligand Pharmaceuticals - LGND Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ligand Pharmaceuticals in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" LGND shares.
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4 Wall Street research analysts have issued 12 month price targets for Ligand Pharmaceuticals' stock. Their LGND share price forecasts range from $90.00 to $160.00. On average, they predict the company's share price to reach $119.00 in the next twelve months. This suggests a possible upside of 66.0% from the stock's current price.
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Ligand Pharmaceuticals' stock was trading at $66.80 at the start of the year. Since then, LGND stock has increased by 7.3% and is now trading at $71.68.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
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Ligand Pharmaceuticals Incorporated (NASDAQ:LGND) issued its earnings results on Wednesday, February, 22nd. The biotechnology company reported $1.36 EPS for the quarter, beating analysts' consensus estimates of $1.23 by $0.13. The biotechnology company earned $50.40 million during the quarter, compared to analysts' expectations of $39.63 million. Ligand Pharmaceuticals had a negative trailing twelve-month return on equity of 0.89% and a negative net margin of 15.19%. Ligand Pharmaceuticals's revenue for the quarter was down 10.6% compared to the same quarter last year. During the same period last year, the business posted $1.34 EPS.

ETFs with the largest weight of Ligand Pharmaceuticals (NASDAQ:LGND) stock in their portfolio include Invesco Dynamic Pharmaceuticals ETF (PJP), iShares Genomics Immunology and Healthcare ETF (IDNA), Virtus LifeSci Biotech Products ETF (BBP), Invesco S&P SmallCap Health Care ETF (PSCH), Direxion Daily Pharmaceutical & Medical Bull 3X Shares (PILL), Franklin Genomic Advancements ETF (HELX), Pacer US Small Cap Cash Cows 100 ETF (CALF) and iShares U.S. Pharmaceuticals ETF (IHE).

Ligand Pharmaceuticals updated its FY 2023 earnings guidance on Wednesday, February, 22nd. The company provided earnings per share (EPS) guidance of $3.30-$3.45 for the period, compared to the consensus earnings per share estimate of $3.24. The company issued revenue guidance of $120.00 million-$124.00 million, compared to the consensus revenue estimate of $130.58 million.

1 employees have rated Ligand Pharmaceuticals Chief Executive Officer John L. Higgins on Glassdoor.com. John L. Higgins has an approval rating of 100% among the company's employees. This puts John L. Higgins in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Ligand Pharmaceuticals investors own include Jazz Pharmaceuticals (JAZZ), Micron Technology (MU), NVIDIA (NVDA), Alibaba Group (BABA), Intel (INTC), AbbVie (ABBV), Netflix (NFLX), Cisco Systems (CSCO), Illumina (ILMN) and Gilead Sciences (GILD).

Ligand Pharmaceuticals trades on the NASDAQ under the ticker symbol "LGND."

Ligand Pharmaceuticals' stock is owned by many different institutional and retail investors. Top institutional investors include Macquarie Group Ltd. (4.74%), Villere ST Denis J & Co. LLC (2.86%), Dimensional Fund Advisors LP (2.71%), Stephens Investment Management Group LLC (2.69%), Chicago Capital LLC (1.89%) and abrdn plc (1.83%). Insiders that own company stock include Charles S Berkman, John L Higgins, John W Kozarich, Matthew W Foehr, Octavio Espinoza and Todd C Davis.
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Shares of LGND stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LGND stock can currently be purchased for approximately $71.68.

Ligand Pharmaceuticals (NASDAQ:LGND) has a market capitalization of $1.22 billion and generates $196.24 million in revenue each year. The biotechnology company earns $-33,360,000.00 in net income (profit) each year or ($1.98) on an earnings per share basis.

The company employs 154 workers across the globe.

Ligand Pharmaceuticals' mailing address is 3911 SORRENTO VALLEY BLVD SUITE 110, SAN DIEGO CA, 92121. The official website for the company is www.ligand.com. The biotechnology company can be reached via phone at (858) 550-7500, via email at investors@ligand.com, or via fax at 858-550-1826.