NASDAQ:MTEM - Molecular Templates Stock Price, News, & Analysis

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$5.67 +0.18 (+3.28 %)
(As of 03/20/2019 04:00 PM ET)
Previous Close$5.49
Today's Range$5.3086 - $5.78
52-Week Range$3.19 - $9.98
Volume158,510 shs
Average Volume63,156 shs
Market Capitalization$208.29 million
P/E Ratio-2.69
Dividend YieldN/A
Beta3.1
Molecular Templates, Inc., a clinical stage biopharmaceutical company, focuses on the discovery and development of biologic therapeutics for the treatment of cancer and other diseases. The company primarily develops a pipeline of engineered toxin bodies. Its lead drug candidate is MT-3724 that is in a Phase I clinical trial for the treatment of relapsed/refractory non-Hodgkin's lymphoma and B-cell lymphoma. The company also develops MT-4019, a preclinical drug candidate targeting CD38; and other candidates that are in pre-clinical development for the treatment of solid and hematological cancers. It has an agreement with Takeda Pharmaceutical Company Limited to develop CD38-targeted engineered toxin bodies for the treatment of patients with diseases, such as multiple myeloma. Molecular Templates, Inc. is headquartered in Austin, Texas.

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Industry, Sector and Symbol

Industry Pharmaceutical preparations
Sub-IndustryBiotechnology
SectorMedical
Current SymbolNASDAQ:MTEM
CUSIP88580720
Phone512-869-1555

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.39 million
Book Value$2.87 per share

Profitability

Net Income$-23,140,000.00
Net Margins-118.65%

Miscellaneous

Employees63
Market Cap$208.29 million
Next Earnings Date3/27/2019 (Estimated)
OptionableNot Optionable

Molecular Templates (NASDAQ:MTEM) Frequently Asked Questions

What is Molecular Templates' stock symbol?

Molecular Templates trades on the NASDAQ under the ticker symbol "MTEM."

When did Molecular Templates' stock split? How did Molecular Templates' stock split work?

Molecular Templates's stock reverse split on the morning of Wednesday, August 2nd 2017. The 1-11 reverse split was announced on Tuesday, August 1st 2017. The number of shares owned by shareholders was adjusted after the market closes on Tuesday, August 1st 2017. An investor that had 100 shares of Molecular Templates stock prior to the reverse split would have 9 shares after the split.

How were Molecular Templates' earnings last quarter?

Molecular Templates Inc (NASDAQ:MTEM) posted its quarterly earnings data on Thursday, November, 15th. The biotechnology company reported ($0.19) earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.34) by $0.15. The biotechnology company earned $6.75 million during the quarter. Molecular Templates had a negative net margin of 118.65% and a negative return on equity of 14.12%. View Molecular Templates' Earnings History.

When is Molecular Templates' next earnings date?

Molecular Templates is scheduled to release their next quarterly earnings announcement on Wednesday, March 27th 2019. View Earnings Estimates for Molecular Templates.

What price target have analysts set for MTEM?

6 equities research analysts have issued 1-year price objectives for Molecular Templates' shares. Their predictions range from $15.00 to $18.00. On average, they expect Molecular Templates' share price to reach $15.75 in the next twelve months. This suggests a possible upside of 177.8% from the stock's current price. View Analyst Price Targets for Molecular Templates.

What is the consensus analysts' recommendation for Molecular Templates?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Molecular Templates in the last year. There are currently 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Molecular Templates.

What are Wall Street analysts saying about Molecular Templates stock?

Here are some recent quotes from research analysts about Molecular Templates stock:
  • 1. According to Zacks Investment Research, "Molecular Templates Inc. is focused on the discovery, development and commercialization of next-generation immunotoxins called Engineered Toxin Bodies for the treatment of cancers and other serious diseases. Molecular Templates Inc., formerly known as Threshold Pharmaceuticals Inc., is headquartered in Austin, United States. " (1/2/2019)
  • 2. LADENBURG THALM/SH SH analysts commented, "Initiating coverage with Outperform rating and $15 PT. We believe Bodies (ETB) platform offers a differentiated MOA based on forced internalization of antibody fragments directly to ribosomes through the Shiga-Like toxin A mechanism of action resulting in disruption of protein synthesis and direct cell-kill. We expect this novel MOA to offer clinical advantages in: 1) monotherapy in refractory setting when receptor expression is maintained despite resistance to prior treatments targeting the receptor (i.e., 2) combination therapy for frontline as a more potent substitute for a antibody therapeutics, and 3) novel targets not amenable to antibodies due to challenges to internalization. We anticipate ETBs will be attractive to pharma and expect partnerships to contribute to 2019-20 news flow." (12/10/2018)

Has Molecular Templates been receiving favorable news coverage?

News coverage about MTEM stock has trended somewhat positive recently, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Molecular Templates earned a coverage optimism score of 1.3 on InfoTrie's scale. They also gave media stories about the biotechnology company a news buzz of 5.0 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the company's share price in the near future.

Who are some of Molecular Templates' key competitors?

What other stocks do shareholders of Molecular Templates own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Molecular Templates investors own include Novavax (NVAX), Synergy Pharmaceuticals (SGYP), SLS International (SLS), Gilead Sciences (GILD), Macrocure (MCUR), TG Therapeutics (TGTX), Idera Pharmaceuticals (IDRA), Progenics Pharmaceuticals (PGNX), Walt Disney (DIS) and Alibaba Group (BABA).

Who are Molecular Templates' key executives?

Molecular Templates' management team includes the folowing people:
  • Dr. Eric E. Poma Ph.D., CEO, Chief Scientific Officer & Director (Age 47)
  • Ms. Jason S Kim, Pres & COO (Age 44)
  • Mr. Adam D. Cutler B.A., Chief Financial Officer (Age 44)
  • Dr. Barbara A. Ruskin Ph.D., J.D., Sr. VP, Gen. Counsel & Chief Patent Officer
  • Mr. Kurt Elster, Exec. VP of Corp. Devel. (Age 52)

Who are Molecular Templates' major shareholders?

Molecular Templates' stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (2.02%), Millennium Management LLC (0.77%), Diag Capital Management LP (0.66%), Northern Trust Corp (0.45%), Geode Capital Management LLC (0.36%) and Geode Capital Management LLC (0.36%). Company insiders that own Molecular Templates stock include Associates LLC Cdk, David Hirsch, Jeffrey W Bird and Scott D Morenstein. View Institutional Ownership Trends for Molecular Templates.

Which institutional investors are selling Molecular Templates stock?

MTEM stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Stonepine Capital Management LLC and Dimensional Fund Advisors LP. View Insider Buying and Selling for Molecular Templates.

Which institutional investors are buying Molecular Templates stock?

MTEM stock was acquired by a variety of institutional investors in the last quarter, including Diag Capital Management LP, BlackRock Inc., Fosun International Ltd, Knoll Capital Management LP, Northern Trust Corp, Geode Capital Management LLC, Geode Capital Management LLC and Connor Clark & Lunn Investment Management Ltd.. Company insiders that have bought Molecular Templates stock in the last two years include Associates LLC Cdk, David Hirsch, Jeffrey W Bird and Scott D Morenstein. View Insider Buying and Selling for Molecular Templates.

How do I buy shares of Molecular Templates?

Shares of MTEM 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 Molecular Templates' stock price today?

One share of MTEM stock can currently be purchased for approximately $5.67.

How big of a company is Molecular Templates?

Molecular Templates has a market capitalization of $208.29 million and generates $3.39 million in revenue each year. The biotechnology company earns $-23,140,000.00 in net income (profit) each year or ($2.11) on an earnings per share basis. Molecular Templates employs 63 workers across the globe.

What is Molecular Templates' official website?

The official website for Molecular Templates is http://www.mtem.com.

How can I contact Molecular Templates?

Molecular Templates' mailing address is 9301 AMBERGLEN BLVD. SUITE 100, AUSTIN TX, 78729. The biotechnology company can be reached via phone at 512-869-1555 or via email at [email protected]


MarketBeat Community Rating for Molecular Templates (NASDAQ MTEM)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  241 (Vote Outperform)
Underperform Votes:  216 (Vote Underperform)
Total Votes:  457
MarketBeat's community ratings are surveys of what our community members think about Molecular Templates and other stocks. Vote "Outperform" if you believe MTEM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MTEM 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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