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NASDAQ:LGNDLigand Pharmaceuticals Stock Price, Forecast & News

$110.77
+8.53 (+8.34 %)
(As of 06/3/2020 04:00 PM ET)
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Compare
Today's Range
$102.08
Now: $110.77
$112.78
50-Day Range
$86.42
MA: $98.83
$108.64
52-Week Range
$57.24
Now: $110.77
$122.08
Volume516,000 shs
Average Volume477,171 shs
Market Capitalization$1.78 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.58
Ligand Pharmaceuticals Incorporated, a biopharmaceutical company, focuses on developing and acquiring technologies that help pharmaceutical companies to discover and develop medicines worldwide. Its commercial programs include Promacta, an oral medicine that increases the number of platelets in the blood; Kyprolis and Evomela, which are used to treat multiple myeloma; Baxdela, a captisol-enabled delafloxacin-IV for the treatment of acute bacterial skin and skin structure infections; Nexterone, a captisol-enabled formulation of amiodarone; Noxafil-IV, a captisol-enabled formulation of posaconazole for IV use; Carnexiv, which is indicated as replacement therapy for oral carbamazepine formulations; bazedoxifene for the treatment of postmenopausal osteoporosis; Aziyo portfolio of commercial pericardial repair and CanGaroo envelope extracellular matrix products; Exemptia for autoimmune diseases; Vivitra for breast cancer; and Bryxta for non-small cell lung cancer. The company's partners programs, which are in clinical development used for the treatment of seizure, coma, cancer, diabetes, cardiovascular diseases, muscle wasting, liver and kidney diseases, and others. It is also developing a small molecule glucagon receptor antagonist for the treatment of Type 2 diabetes mellitus. In addition, the company is involved in the sale of Captisol materials. Ligand Pharmaceuticals Incorporated was founded in 1987 and is headquartered in San Diego, California.
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Ligand Pharmaceuticals logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.37 out of 5 stars


Industry, Sector and Symbol

Industry Pharmaceutical preparations
Sub-IndustryBiotechnology
SectorMedical
Current SymbolNASDAQ:LGND
CUSIP53220K50
Phone858-550-7500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$120.28 million
Cash Flow$6.48 per share
Book Value$43.68 per share

Profitability

Net Income$629.30 million

Miscellaneous

Employees116
Market Cap$1.78 billion
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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Ligand Pharmaceuticals (NASDAQ:LGND) Frequently Asked Questions

How has Ligand Pharmaceuticals' stock been impacted by COVID-19 (Coronavirus)?

Ligand Pharmaceuticals' stock was trading at $91.83 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, LGND stock has increased by 20.6% and is now trading at $110.77. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Ligand Pharmaceuticals?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ligand Pharmaceuticals in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Ligand Pharmaceuticals.

When is Ligand Pharmaceuticals' next earnings date?

Ligand Pharmaceuticals is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Ligand Pharmaceuticals.

How were Ligand Pharmaceuticals' earnings last quarter?

Ligand Pharmaceuticals Inc. (NASDAQ:LGND) released its quarterly earnings data on Wednesday, May, 6th. The biotechnology company reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.66 by $0.23. The biotechnology company had revenue of $33.16 million for the quarter, compared to the consensus estimate of $26.70 million. Ligand Pharmaceuticals had a negative net margin of 55.63% and a positive return on equity of 3.68%. The firm's quarterly revenue was down 23.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.16 EPS. View Ligand Pharmaceuticals' earnings history.

What guidance has Ligand Pharmaceuticals issued on next quarter's earnings?

Ligand Pharmaceuticals updated its FY20 earnings guidance on Wednesday, May, 6th. The company provided earnings per share (EPS) guidance of approx $3.65 for the period, compared to the Thomson Reuters consensus estimate of $3.59. The company issued revenue guidance of approx $140 million, compared to the consensus revenue estimate of $131.03 million.

What price target have analysts set for LGND?

6 Wall Street analysts have issued 1 year price objectives for Ligand Pharmaceuticals' shares. Their forecasts range from $132.00 to $229.00. On average, they expect Ligand Pharmaceuticals' stock price to reach $163.20 in the next twelve months. This suggests a possible upside of 47.3% from the stock's current price. View analysts' price targets for Ligand Pharmaceuticals.

Has Ligand Pharmaceuticals been receiving favorable news coverage?

Media headlines about LGND stock have trended somewhat positive this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Ligand Pharmaceuticals earned a news sentiment score of 0.9 on InfoTrie's scale. They also gave news articles about the biotechnology company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutLigand Pharmaceuticals.

Who are some of Ligand Pharmaceuticals' key competitors?

What other stocks do shareholders of Ligand Pharmaceuticals own?

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

Who are Ligand Pharmaceuticals' key executives?

Ligand Pharmaceuticals' management team includes the following people:
  • Mr. John L. Higgins, CEO & Exec. Director (Age 49)
  • Mr. Matthew W. Foehr, Pres & COO (Age 46)
  • Mr. Matthew Korenberg, Exec. VP of Fin. & CFO (Age 44)
  • Mr. Charles S. Berkman, Sr. VP, Gen. Counsel & Sec. (Age 50)
  • Mr. Todd Pettingill, Director of Corp. Devel.

What is Ligand Pharmaceuticals' stock symbol?

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

Who are Ligand Pharmaceuticals' major shareholders?

Ligand Pharmaceuticals' stock is owned by a number of retail and institutional investors. Top institutional investors include Janus Henderson Group PLC (9.92%), William Blair Investment Management LLC (9.47%), Wasatch Advisors Inc. (4.30%), Conestoga Capital Advisors LLC (3.93%), Villere ST Denis J & Co. LLC (3.96%) and Rice Hall James & Associates LLC (2.11%). Company insiders that own Ligand Pharmaceuticals stock include Charles S Berkman, Jason Aryeh, John L Higgins, John L Lamattina, John W Kozarich, Matthew E Korenberg, Matthew W Foehr, Sunil Patel and Todd C Davis. View institutional ownership trends for Ligand Pharmaceuticals.

Which major investors are selling Ligand Pharmaceuticals stock?

LGND stock was sold by a variety of institutional investors in the last quarter, including New York State Common Retirement Fund, Thrivent Financial for Lutherans, The Manufacturers Life Insurance Company , Janus Henderson Group PLC, Two Sigma Investments LP, Two Sigma Advisers LP, Rafferty Asset Management LLC, and AQR Capital Management LLC. View insider buying and selling activity for Ligand Pharmaceuticals.

Which major investors are buying Ligand Pharmaceuticals stock?

LGND stock was bought by a variety of institutional investors in the last quarter, including Wasatch Advisors Inc., Villere ST Denis J & Co. LLC, Stonepine Capital Management LLC, William Blair Investment Management LLC, Tygh Capital Management Inc., Weiss Multi Strategy Advisers LLC, Impax Asset Management Group plc, and Granahan Investment Management Inc. MA. Company insiders that have bought Ligand Pharmaceuticals stock in the last two years include Jason Aryeh, John L Higgins, Matthew W Foehr, and Sunil Patel. View insider buying and selling activity for Ligand Pharmaceuticals.

How do I buy shares of Ligand Pharmaceuticals?

Shares of LGND 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 Ligand Pharmaceuticals' stock price today?

One share of LGND stock can currently be purchased for approximately $110.77.

How big of a company is Ligand Pharmaceuticals?

Ligand Pharmaceuticals has a market capitalization of $1.78 billion and generates $120.28 million in revenue each year. The biotechnology company earns $629.30 million in net income (profit) each year or $2.11 on an earnings per share basis. Ligand Pharmaceuticals employs 116 workers across the globe.

What is Ligand Pharmaceuticals' official website?

The official website for Ligand Pharmaceuticals is www.ligand.com.

How can I contact Ligand Pharmaceuticals?

Ligand Pharmaceuticals' mailing address is 3911 SORRENTO VALLEY BLVD SUITE 110, SAN DIEGO CA, 92121. The biotechnology company can be reached via phone at 858-550-7500 or via email at [email protected]

This page was last updated on 6/3/2020 by MarketBeat.com Staff

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