MacroGenics - MGNX Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MacroGenics in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MGNX shares.
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10 Wall Street analysts have issued 12-month target prices for MacroGenics' shares. Their MGNX share price forecasts range from $5.00 to $20.00. On average, they expect the company's stock price to reach $10.89 in the next year. This suggests a possible upside of 78.5% from the stock's current price.
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MacroGenics' stock was trading at $16.05 at the start of the year. Since then, MGNX shares have decreased by 62.0% and is now trading at $6.10.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
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MacroGenics, Inc. (NASDAQ:MGNX) issued its earnings results on Tuesday, November, 2nd. The biopharmaceutical company reported ($0.86) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.63) by $0.23. The biopharmaceutical company had revenue of $15.66 million for the quarter, compared to analyst estimates of $39.56 million. MacroGenics had a negative trailing twelve-month return on equity of 111.57% and a negative net margin of 204.95%. During the same period in the previous year, the business earned ($0.66) earnings per share.

12 employees have rated MacroGenics Chief Executive Officer Scott Koenig on Glassdoor.com. Scott Koenig has an approval rating of 89% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other MacroGenics investors own include AbbVie (ABBV), Exelixis (EXEL), Gilead Sciences (GILD), NVIDIA (NVDA), Micron Technology (MU), Sangamo Therapeutics (SGMO), Sorrento Therapeutics (SRNE), Intra-Cellular Therapies (ITCI), TG Therapeutics (TGTX) and Bausch Health Companies (BHC).

MacroGenics trades on the NASDAQ under the ticker symbol "MGNX."

MacroGenics' stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.31%), Vanguard Group Inc. (6.80%), Assenagon Asset Management S.A. (2.93%), Federated Hermes Inc. (2.29%), State Street Corp (2.24%) and Two Sigma Advisers LP (1.54%). Insiders that own company stock include Eric Blasius Risser, Ezio Bonvini, James Karrels, Jeffrey Stuart Peters, Kenneth Galbraith, Target N V Biotech and Thomas Spitznagel.
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Shares of MGNX 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 MGNX stock can currently be purchased for approximately $6.10.

MacroGenics (NASDAQ:MGNX) has a market capitalization of $374.97 million and generates $77.45 million in revenue each year. The biopharmaceutical company earns $-202,120,000.00 in net income (profit) each year or ($3.10) on an earnings per share basis.

The company employs 427 workers across the globe.

MacroGenics' mailing address is 9704 MEDICAL CENTER DRIVE, Rockville MD, 20850. The official website for the company is www.macrogenics.com. The biopharmaceutical company can be reached via phone at (301) 251-5172, via email at info@macrogenics.com, or via fax at 301-251-5321.