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

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$19.48 +0.59 (+3.12 %)
(As of 03/20/2019 03:47 PM ET)
Previous Close$18.89
Today's Range$18.65 - $19.63
52-Week Range$9.87 - $32.32
Volume17,304 shs
Average Volume1.33 million shs
Market Capitalization$950.23 million
P/E Ratio-4.64
Dividend YieldN/A
Beta3.02
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$60.12 million
Book Value$5.75 per share

Profitability

Net Income$-171,450,000.00
Net Margins-285.18%

Miscellaneous

EmployeesN/A
Market Cap$950.23 million
Next Earnings Date5/6/2019 (Estimated)
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 Tuesday, August, 7th. The biopharmaceutical company reported ($1.03) earnings per share for the quarter, topping the consensus estimate of ($1.20) by $0.17. The biopharmaceutical company earned $18.83 million during the quarter, compared to the consensus estimate of $4.41 million. MacroGenics had a negative return on equity of 63.22% and a negative net margin of 285.18%. View MacroGenics' Earnings History.

When is MacroGenics' next earnings date?

MacroGenics is scheduled to release their next quarterly earnings announcement on Monday, May 6th 2019. View Earnings Estimates for MacroGenics.

What price target have analysts set for MGNX?

11 equities research analysts have issued 1 year price objectives for MacroGenics' shares. Their forecasts range from $20.00 to $50.00. On average, they anticipate MacroGenics' share price to reach $33.20 in the next twelve months. This suggests a possible upside of 70.6% from the stock's current price. View Analyst Price Targets for MacroGenics.

What is the consensus analysts' recommendation for MacroGenics?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MacroGenics in the last year. There are currently 3 hold ratings and 8 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. 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. " (3/1/2019)
  • 2. HC Wainwright analysts commented, "Our 12-month, $39 (raised from $34) price target for shares of MacroGenics is based on a 13-year DCF-driven sum-of-the-parts analysis and in light of the recent clinical update, we have raised the POS of an anticipated treatment duration of 6 months. Our DCF is driven by: beta of 1.73, 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." (2/6/2019)
  • 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?

Media headlines about MGNX stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of news 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 -5 to 5, with scores closest to five being the most favorable. MacroGenics earned a news impact score of 0.7 on InfoTrie's scale. They also assigned news stories about the biopharmaceutical company a news buzz of 7.0 out of 10, indicating that recent news coverage is likely to have an impact on the stock's share price in the immediate future.

Are investors shorting MacroGenics?

MacroGenics saw a increase in short interest in the month of February. As of February 28th, there was short interest totalling 3,213,840 shares, an increase of 33.4% from the February 15th total of 2,409,285 shares. Based on an average daily trading volume, of 1,425,380 shares, the short-interest ratio is presently 2.3 days. Currently, 7.5% of the shares of the stock are short sold. View MacroGenics' Current Options Chain.

Who are some of MacroGenics' key competitors?

What other stocks do shareholders of MacroGenics own?

Based on aggregate information from My MarketBeat watchlists, some companies that other MacroGenics investors own include AbbVie (ABBV), NVIDIA (NVDA), Exelixis (EXEL), Incyte (INCY), Gilead Sciences (GILD), Celgene (CELG), Sangamo Therapeutics (sgmo), Micron Technology (MU), Pfizer (PFE) and Sarepta Therapeutics (SRPT).

Who are MacroGenics' key executives?

MacroGenics' management team includes the folowing people:
  • Dr. Scott Koenig, CEO, Pres & Director (Age 67)
  • Mr. James Karrels, Sr. VP, CFO & Sec. (Age 52)
  • Dr. Ezio Bonvini, Sr. VP of Research & Chief Scientific Officer (Age 65)
  • Mr. Eric Blasius Risser, Sr. VP of Bus. Devel. & Portfolio Management and Chief Bus. Officer (Age 46)
  • Dr. Jon M. Wigginton, Sr. VP of Clinical Devel. & Chief Medical Officer (Age 57)

Who are MacroGenics' major shareholders?

MacroGenics' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.05%), BB Biotech AG (7.77%), FMR LLC (4.88%), Bellevue Group AG (2.52%), Dimensional Fund Advisors LP (1.91%) and Dimensional Fund Advisors LP (1.91%). Company insiders that own MacroGenics stock include Eric Blasius Risser, James Karrels, Jeffrey Stuart Peters, Jon Marc Wigginton, Lynn Cilinski, Matthew K Fust and Thomas Spitznagel. View Institutional Ownership Trends for MacroGenics.

Which institutional investors are selling MacroGenics stock?

MGNX stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Prosight Management LP, Pinnacle Associates Ltd., MetLife Investment Advisors LLC, New York State Common Retirement Fund, United Services Automobile Association and Victory Capital Management Inc.. Company insiders that have sold MacroGenics company stock in the last year include Jeffrey Stuart Peters, Matthew K Fust and Thomas Spitznagel. View Insider Buying and Selling for MacroGenics.

Which institutional investors are buying MacroGenics stock?

MGNX stock was purchased by a variety of institutional investors in the last quarter, including Bellevue Group AG, Sofinnova Investments Inc., BB Biotech AG, Dimensional Fund Advisors LP, Dimensional Fund Advisors LP, Rhenman & Partners Asset Management AB, Candriam Luxembourg S.C.A. and BlackRock 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 $19.46.

How big of a company is MacroGenics?

MacroGenics has a market capitalization of $949.26 million and generates $60.12 million in revenue each year. The biopharmaceutical company earns $-171,450,000.00 in net income (profit) each year or ($4.19) on an earnings per share basis.

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:  267 (Vote Outperform)
Underperform Votes:  283 (Vote Underperform)
Total Votes:  550
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 3/20/2019 by MarketBeat.com Staff

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