NASDAQ:MGNX - MacroGenics Stock Price, News, & Analysis

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$12.31 -0.23 (-1.83 %)
(As of 01/18/2019 04:00 PM ET)
Previous Close$12.31
Today's Range$12.19 - $12.79
52-Week Range$11.16 - $32.74
Volume296,546 shs
Average Volume414,923 shs
Market Capitalization$529.93 million
P/E Ratio-22.80
Dividend YieldN/A
Beta2.55
MacroGenics, Inc., a biopharmaceutical company, discovers and develops antibody-based therapeutics for the treatment of cancer primarily by modulating the human immune system, and autoimmune disorders and infectious diseases in the United States. The company's advanced clinical product candidate is Margetuximab, a monoclonal antibody, which is in Phase III clinical trial that targets human epidermal growth factor receptor 2-expressing tumors, such as various breast and gastroesophageal cancers. It is also developing Flotetuzumab, a DART molecule that targets CD123 and CD3; MGA012, a monoclonal antibody, which targets programmed cell death protein 1 (PD-1); MGD013, a DART molecule that enables the co-blockade with a single recombinant agent of two immune checkpoint molecules; MGD019, a preclinical DART molecule designed to recognize the immune checkpoints PD-1 and cytotoxic T-lymphocyte-associated protein 4 (CTLA-4); and Enoblituzumab, a monoclonal antibody that targets B7-H3. In addition, the company develops MGD009, a DART molecule recognizes B7-H3 and CD3; MGC018, a B7-H3 antibody-drug conjugate; MGD007, a DART molecule, which targets glycoprotein A33 and CD3; Teplizumab, an anti-CD3 monoclonal antibody to treat type 1 diabetes; MGD010, a DART molecule designed to address limitations of existing B cell-targeted therapies by binding to the CD32B and CD79B proteins found on human B cells; and MGD014, a DART molecule that targets the envelope protein of human immunodeficiency virus, or HIV-infected cells and CD3-expressing T cells. It has strategic collaborations with Incyte Corporation; Les Laboratoires Servier and Institut de Recherches Servier; and F. Hoffmann-La Roche Ltd. and Hoffmann-La Roche Inc. The company also has a translational research agreement with NanoString Technologies, Inc. for the identification and development of biomarkers for MGD013 program. MacroGenics, Inc. was founded in 2000 and is headquartered in Rockville, Maryland.

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Industry, Sector and Symbol

Industry Pharmaceutical preparations
Sub-IndustryN/A
SectorMedical
Current SymbolNASDAQ:MGNX
CUSIPN/A
Phone301-251-5172

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$157.74 million
Book Value$8.13 per share

Profitability

Net Income$-19,620,000.00

Miscellaneous

Employees330
Market Cap$529.93 million
OptionableOptionable

MacroGenics (NASDAQ:MGNX) Frequently Asked Questions

What is MacroGenics' stock symbol?

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

How were MacroGenics' earnings last quarter?

MacroGenics Inc (NASDAQ:MGNX) released its earnings results on Wednesday, November, 7th. The biopharmaceutical company reported ($0.81) earnings per share for the quarter, topping the Zacks' consensus estimate of ($1.29) by $0.48. The biopharmaceutical company had revenue of $20.80 million for the quarter, compared to the consensus estimate of $6.18 million. MacroGenics had a negative net margin of 10.72% and a negative return on equity of 7.39%. View MacroGenics' Earnings History.

When is MacroGenics' next earnings date?

MacroGenics is scheduled to release their next quarterly earnings announcement on Tuesday, February 26th 2019. View Earnings Estimates for MacroGenics.

What price target have analysts set for MGNX?

9 brokers have issued 12 month target prices for MacroGenics' shares. Their forecasts range from $21.00 to $44.00. On average, they anticipate MacroGenics' share price to reach $32.1667 in the next twelve months. This suggests a possible upside of 161.3% from the stock's current price. View Analyst Price Targets for MacroGenics.

What is the consensus analysts' recommendation for MacroGenics?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MacroGenics in the last year. There are currently 1 sell rating, 1 hold rating and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for MacroGenics.

What are Wall Street analysts saying about MacroGenics stock?

Here are some recent quotes from research analysts about MacroGenics stock:
  • 1. HC Wainwright analysts commented, "Our 12-month, $34 price target for shares of MacroGenics is based on a 13-year DCF-driven sum-of-the-parts analysis. Our DCF is driven by: beta of 1.68, terminal growth rate of 0.5%, risk premium of 4.93%, calculated WACC of 11.4%, and tax rate of 15% beginning in FY 2027. (19%), flotetuzumab (17%) together represent about 99% of our target." (11/29/2018)
  • 2. According to Zacks Investment Research, "MacroGenics Inc. is a biopharmaceutical company. It is focused on discovering and developing innovative monoclonal antibody-based therapeutics. The Company has a diverse portfolio of product candidates focused in three therapeutic areas: oncology, autoimmune disorders and infectious diseases. MacroGenics Inc. is headquartered in Rockville, Maryland. " (11/13/2018)
  • 3. Cowen Inc analysts commented, "We hosted SAGE’s CFO Kimi Iguchi and CMO Steve Kanes at our 2018 Boston, MA. While our discussion touched upon several topics, the most important takeaway in our view was that management appears very confident heading into the 4Q18 availability of top-line pivotal trial data on SAGE-217 in postpartum depression (PPD). We believe this is a key stock driver as these data have a read-through for the development of SAGE-217 in major depressive disorder (MDD), which is a significantly larger indication vs. PPD (see here). Recall that SAGE-217 is an oral, small-molecule product with a novel mechanism of action. If approved, SAGE-217 could change the treatment paradigm from the current standard of care that relies on chronic treatment of MDD to an episodic one." (8/8/2018)

Has MacroGenics been receiving favorable news coverage?

Headlines about MGNX stock have been trending somewhat positive this week, according to InfoTrie Sentiment. InfoTrie rates the sentiment of media coverage by analyzing 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. MacroGenics earned a media sentiment score of 0.9 on InfoTrie's scale. They also assigned news headlines about the biopharmaceutical company a news buzz of 2.0 out of 10, indicating that recent media coverage is very unlikely to have an effect on the company's share price in the near term.

Who are some of MacroGenics' key competitors?

Who are MacroGenics' key executives?

MacroGenics' management team includes the folowing people:
  • Dr. Scott Koenig, CEO, Pres & Director (Age 66)
  • Mr. James Karrels, Sr. VP, CFO & Sec. (Age 51)
  • Dr. Ezio Bonvini, Sr. VP of Research & Chief Scientific Officer (Age 64)
  • Mr. Eric Blasius Risser, Sr. VP of Bus. Devel. & Portfolio Management and Chief Bus. Officer (Age 45)
  • Dr. Jon M. Wigginton, Sr. VP of Clinical Devel. & Chief Medical Officer (Age 56)

Who are MacroGenics' major shareholders?

MacroGenics' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Meeder Asset Management Inc. (0.03%). Company insiders that own MacroGenics stock include Eric Blasius Risser, James Karrels, Jon Marc Wigginton and Lynn Cilinski. View Institutional Ownership Trends for MacroGenics.

Which major investors are buying MacroGenics stock?

MGNX stock was purchased by a variety of institutional investors in the last quarter, including Meeder Asset Management Inc.. View Insider Buying and Selling for MacroGenics.

How do I buy shares of MacroGenics?

Shares of MGNX 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 MacroGenics' stock price today?

One share of MGNX stock can currently be purchased for approximately $12.31.

How big of a company is MacroGenics?

MacroGenics has a market capitalization of $529.93 million and generates $157.74 million in revenue each year. The biopharmaceutical company earns $-19,620,000.00 in net income (profit) each year or ($0.54) on an earnings per share basis. MacroGenics employs 330 workers across the globe.

What is MacroGenics' official website?

The official website for MacroGenics is http://www.macrogenics.com.

How can I contact MacroGenics?

MacroGenics' mailing address is 9704 MEDICAL CENTER DRIVE, Rockville MD, 20850. The biopharmaceutical company can be reached via phone at 301-251-5172.


MarketBeat Community Rating for MacroGenics (NASDAQ MGNX)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  253 (Vote Outperform)
Underperform Votes:  271 (Vote Underperform)
Total Votes:  524
MarketBeat's community ratings are surveys of what our community members think about MacroGenics and other stocks. Vote "Outperform" if you believe MGNX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MGNX will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 1/19/2019 by MarketBeat.com Staff

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