MacroGenics, Inc., a biopharmaceutical company, focuses on the discovery and development of antibody-based therapeutics for the treatment of cancer primarily by modulating the human immune system, as well as various 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. MacroGenics, Inc. was founded in 2000 and is headquartered in Rockville, Maryland.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Pharmaceutical preparations
Sub-IndustryN/A
SectorMedical
SymbolNASDAQ:MGNX
CUSIPN/A
Phone301-251-5172
Debt
Debt-to-Equity RatioN/A
Current Ratio6.71
Quick Ratio6.71
Price-To-Earnings
Trailing P/E Ratio-37.96
Forward P/E Ratio-4.34
P/E GrowthN/A
Sales & Book Value
Annual Sales$157.74 million
Price / Sales5.49
Cash FlowN/A
Price / CashN/A
Book Value$8.13 per share
Price / Book2.52
Profitability
EPS (Most Recent Fiscal Year)($0.54)
Net Income$-19,620,000.00
Net Margins-19.20%
Return on Equity-13.01%
Return on Assets-10.27%
Miscellaneous
Employees330
Outstanding Shares42,240,000
Market Cap$900.92 million
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) issued its earnings results on Tuesday, August, 7th. The biopharmaceutical company reported ($1.03) EPS for the quarter, beating the Zacks' consensus estimate of ($1.20) by $0.17. The biopharmaceutical company earned $18.83 million during the quarter, compared to analysts' expectations of $4.41 million. MacroGenics had a negative net margin of 19.20% and a negative return on equity of 13.01%. View MacroGenics' Earnings History.
When is MacroGenics' next earnings date?
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 $22.00 to $44.00. On average, they expect MacroGenics' share price to reach $31.50 in the next year. This suggests a possible upside of 53.7% 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 2 hold ratings and 9 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. " (8/11/2018)
- 2. 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)
- 3. 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 1.72, terminal growth rate of 0.5%, risk premium of 4.93%, calculated WACC of 11.5%, and tax rate of 15% beginning in FY 2027. (19%), flotetuzumab (17%) together represent about 99% of our target." (8/8/2018)
Are investors shorting MacroGenics?
MacroGenics saw a drop in short interest in July. As of July 13th, there was short interest totalling 3,063,168 shares, a drop of 28.5% from the June 29th total of 4,285,879 shares. Based on an average daily trading volume, of 185,041 shares, the days-to-cover ratio is presently 16.6 days. Approximately 8.1% of the company's shares are sold short. View MacroGenics' Current Options Chain.
Who are some of MacroGenics' key competitors?
Some companies that are related to MacroGenics include Madrigal Pharmaceuticals (MDGL), Endo International (ENDP), Horizon Pharma (HZNP), Intercept Pharmaceuticals (ICPT), Evotec (EVTCY), Array Biopharma (ARRY), Opko Health (OPK), Blueprint Medicines (BPMC), Heron Therapeutics (HRTX), Akcea Therapeutics (AKCA), Amicus Therapeutics (FOLD), Ironwood Pharmaceuticals (IRWD), The Medicines (MDCO), Ascendis Pharma A/S (ASND) and Emergent Biosolutions (EBS).
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)
Has MacroGenics been receiving favorable news coverage?
Media stories about MGNX stock have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. MacroGenics earned a coverage optimism score of 0.22 on Accern's scale. They also gave news headlines about the biopharmaceutical company an impact score of 48.33 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next several days. View Recent Headlines for MacroGenics.
Who are MacroGenics' major shareholders?
MacroGenics' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include OppenheimerFunds Inc. (9.73%), BlackRock Inc. (7.40%), FMR LLC (7.21%), BB Biotech AG (6.30%), Boxer Capital LLC (2.95%) and Wasatch Advisors Inc. (2.40%). 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 selling MacroGenics stock?
MGNX stock was sold by a variety of institutional investors in the last quarter, including Boxer Capital LLC, FMR LLC, Baker BROS. Advisors LP, Renaissance Technologies LLC, Pinnacle Associates Ltd., Cubist Systematic Strategies LLC, Victory Capital Management Inc. and Bank of New York Mellon Corp. Company insiders that have sold MacroGenics company stock in the last year include Eric Blasius Risser, James Karrels, Jon Marc Wigginton and Lynn Cilinski. View Insider Buying and Selling for MacroGenics.
Which major investors are buying MacroGenics stock?
MGNX stock was bought by a variety of institutional investors in the last quarter, including Voya Investment Management LLC, BlackRock Inc., Prosight Management LP, OppenheimerFunds Inc., Spark Investment Management LLC, Alps Advisors Inc., BB Biotech AG and Massachusetts Financial Services Co. MA. 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 $20.50.
How big of a company is MacroGenics?
MacroGenics has a market capitalization of $900.92 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.
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)
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.
