Seattle Genetics, Inc., a biotechnology company, develops and commercializes therapies for the treatment of cancer in the United States and internationally. The company markets ADCETRIS, an antibody-drug conjugate (ADC) for the treatment of patients with Hodgkin lymphoma or CD30-positive T-cell lymphomas. It also conducts various clinical trials to evaluate the combination of ADCETRIS and nivolumab to treat patients with relapsed or refractory, or transplant-ineligible, advanced classical Hodgkin lymphoma; relapsed or refractory B-cell and T-cell non-Hodgkin lymphomas; second-line Hodgkin lymphoma; and relapsed/refractory classical Hodgkin lymphoma, as well as to treat Hodgkin lymphoma in patients with age 60 years or older. In addition, the company develops Enfortumab vedotin, ADC composed of an anti-Nectin-4 monoclonal antibody to treat bladder cancer, and ovarian and lung cancers; Tucatinib, an oral tyrosine kinase inhibitor for HER2-positive metastatic breast cancer; and Tisotumab Vedotin, an ADC composed of a human antibody that binds to tissue factor to treat various solid tumors, including cervical, ovarian, prostate, and bladder. Further, it develops early-stage clinical product candidates comprising ladiratuzumab vedotin, an ADC targeting LIV-1 and metastatic triple-negative breast cancer; SGN-CD48A; SEA-BCMA for patients with relapsed or refractory multiple myeloma; and SGN-2FF for patients with advanced solid tumors. It has collaborations for its ADC technology with various biotechnology and pharmaceutical companies, including AbbVie Biotechnology Ltd.; Bayer Pharma AG; Celldex Therapeutics, Inc.; Genentech, Inc.; GlaxoSmithKline LLC; Progenics Pharmaceuticals Inc.; Unum Therapeutics, Inc.; Pieris Pharmaceuticals, Inc.; Pieris Pharmaceuticals AG; Takeda Pharmaceutical Company Limited; Astellas Pharma, Inc.; and Agensys, Inc. Seattle Genetics, Inc. was founded in 1998 and is headquartered in Bothell, Washington.
Industry, Sector and Symbol
Industry Biological products, except diagnostic
Sub-IndustryBiotechnology
SectorMedical
Phone425-527-4000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$654.70 million
Profitability
Miscellaneous
Employees1,302
Next Earnings Date4/25/2019 (Confirmed)
OptionableOptionable
Seattle Genetics (NASDAQ:SGEN) Frequently Asked Questions
What is Seattle Genetics' stock symbol?
Seattle Genetics trades on the NASDAQ under the ticker symbol "SGEN."
How were Seattle Genetics' earnings last quarter?
Seattle Genetics, Inc. (NASDAQ:SGEN) announced its earnings results on Thursday, April, 25th. The biotechnology company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.22. The biotechnology company earned $195.20 million during the quarter, compared to analysts' expectations of $186.79 million. Seattle Genetics had a negative net margin of 34.01% and a negative return on equity of 19.33%. The business's revenue for the quarter was up 38.8% on a year-over-year basis. During the same period last year, the company posted ($0.73) earnings per share. View Seattle Genetics' Earnings History.
When is Seattle Genetics' next earnings date?
What guidance has Seattle Genetics issued on next quarter's earnings?
Seattle Genetics issued an update on its FY 2019 earnings guidance on Thursday, April, 25th. The company provided EPS guidance of for the period. The company issued revenue guidance of $790-840 million, compared to the consensus revenue estimate of $822.02 million.
What price target have analysts set for SGEN?
14 Wall Street analysts have issued 1 year target prices for Seattle Genetics' stock. Their forecasts range from $50.00 to $101.00. On average, they expect Seattle Genetics' share price to reach $81.5455 in the next twelve months. This suggests a possible upside of 14.7% from the stock's current price. View Analyst Price Targets for Seattle Genetics.
What is the consensus analysts' recommendation for Seattle Genetics?
14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Seattle Genetics in the last year. There are currently 1 sell rating, 3 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Seattle Genetics.
What are Wall Street analysts saying about Seattle Genetics stock?
Here are some recent quotes from research analysts about Seattle Genetics stock:
- 1. According to Zacks Investment Research, "Seattle Genetics' sole marketed drug, Adcetris, is performing well since its launch. Adcetris’ recent label expansion in frontline stage III/IV Hodgkin lymphoma and in frontline CD30-expressing peripheral T-cell lymphomas (PTCL) bodes well for the company. The company’s collaboration with Takeda for the global development and commercialization of Adcetris also holds promise. However, its heavy dependence solely on Adcetris for growth is a concern. The recent label expansion of Merck’s Keytruda and Bristol-Myers’ Opdivo in the lymphoma indication will increase competition. Though the company has multiple candidates in its pipeline, most are in early developmental stages, hence, any regulatory setback for Adcetris could hurt sales. Shares have outperformed the industry so far this year. Estimates have improved ahead of Q1 earnings. Seattle Genetics has a mixed record of earnings surprises in the recent quarters." (4/10/2019)
- 2. HC Wainwright analysts commented, "We reach a price target of $98 after adjusting new corporate tax rate, cash, and other program updates. The price target is based on a sum-of-parts NPV-DCF ($63.2 HL + $3.6 relapsed sALCL+ $11.2 frontline PTCL + $17.7 platform + $2.9 cash). Key risks to achievement of our target price include trial failures, safety issues, regulatory delays, competition, and dilutive financing. Seattle Genetics Inc. February 8, 2019 H.C. WAINWRIGHT & CO. EQUITY RESEARCH 2Seattle Genetics, Inc." (2/8/2019)
- 3. JPMorgan Chase & Co. analysts commented, "With SGEN’s recent strength (up ~50% over the last 3 mos), we’ve been asked frequently – what would we need to see from Adcetris to maintain this momentum? In our view, this question should be more than adequately answered following a big beat this quarter with Adcetris sales coming in at $122.4M vs guidance of $105-110M and consensus of $107M. Additionally, management provided 3Q guidance of $130-135M vs cons of $115M. Coupled with continued pipeline progress (completion of enrollment in the pivotal cohort of EV-201 and first patient dosed in innovaTV 204/207, as previously disclosed), as well as narrowing of guidance for E-2 (now early 4Q18) we see this as another productive quarter on many fronts." (7/27/2018)
Has Seattle Genetics been receiving favorable news coverage?
News headlines about SGEN stock have trended somewhat positive this week, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing 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 nearest to five being the most favorable. Seattle Genetics earned a daily sentiment score of 1.5 on InfoTrie's scale. They also assigned media stories about the biotechnology company a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days.
Who are some of Seattle Genetics' key competitors?
Some companies that are related to Seattle Genetics include Biogen (BIIB), NOVOZYMES A/S/S (NVZMY), Qiagen (QGEN), bluebird bio (BLUE), BIO-TECHNE (TECH), Neurocrine Biosciences (NBIX), Spark Therapeutics (ONCE), China Biologic Products (CBPO), argenx (ARGX), Ablynx (ABLYF), Allogene Therapeutics (ALLO), Repligen (RGEN), Halozyme Therapeutics (HALO), Denali Therapeutics (DNLI) and Acceleron Pharma (XLRN).
What other stocks do shareholders of Seattle Genetics own?
Who are Seattle Genetics' key executives?
Seattle Genetics' management team includes the folowing people:
- Dr. Clay B. Siegall, Co-Founder, Chairman, Pres & CEO (Age 58)
- Mr. Todd E. Simpson, Chief Financial Officer (Age 58)
- Dr. Vaughn B. Himes, Chief Technology Officer (Age 58)
- Ms. Jean I. Liu, Gen. Counsel, Exec. VP of Legal Affairs & Corp. Sec. (Age 51)
- Dr. Jonathan G. Drachman, Strategic Advisor for Innovation (Age 57)
Who are Seattle Genetics' major shareholders?
Seattle Genetics' stock is owned by a number of of institutional and retail investors. Top institutional investors include Manning & Napier Group LLC (0.39%), Rhenman & Partners Asset Management AB (0.09%), Gateway Investment Advisers LLC (0.04%), Tokio Marine Asset Management Co. Ltd. (0.02%), BNP Paribas Arbitrage SA (0.02%) and Gulf International Bank UK Ltd (0.02%). Company insiders that own Seattle Genetics stock include Bros Advisors Lp Baker, Clay B Siegall, Darren S Cline, David W Gryska, Eric Dobmeier, Jonathan G Drachman, Marc E Lippman, Todd E Simpson and Vaughn B Himes. View Institutional Ownership Trends for Seattle Genetics.
Which institutional investors are selling Seattle Genetics stock?
SGEN stock was sold by a variety of institutional investors in the last quarter, including Manning & Napier Group LLC, Rhenman & Partners Asset Management AB, D.B. Root & Company LLC, Creative Planning, State of Alaska Department of Revenue and Nisa Investment Advisors LLC. Company insiders that have sold Seattle Genetics company stock in the last year include Clay B Siegall, Darren S Cline, David W Gryska, Marc E Lippman, Todd E Simpson and Vaughn B Himes. View Insider Buying and Selling for Seattle Genetics.
Which institutional investors are buying Seattle Genetics stock?
SGEN stock was acquired by a variety of institutional investors in the last quarter, including Virtu Financial LLC, Oppenheimer & Co. Inc., Tokio Marine Asset Management Co. Ltd., BNP Paribas Arbitrage SA, Meeder Asset Management Inc., Rothschild Investment Corp IL, Hollencrest Capital Management and Canton Hathaway LLC. View Insider Buying and Selling for Seattle Genetics.
How do I buy shares of Seattle Genetics?
Shares of SGEN 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 Seattle Genetics' stock price today?
One share of SGEN stock can currently be purchased for approximately $71.09.
How big of a company is Seattle Genetics?
Seattle Genetics has a market capitalization of $11.44 billion and generates $654.70 million in revenue each year. The biotechnology company earns $-222,690,000.00 in net income (profit) each year or ($1.65) on an earnings per share basis. Seattle Genetics employs 1,302 workers across the globe.
What is Seattle Genetics' official website?
How can I contact Seattle Genetics?
Seattle Genetics' mailing address is 21823 30TH DRIVE SE SUITE, BOTHELL WA, 98021. The biotechnology company can be reached via phone at 425-527-4000 or via email at [email protected]
MarketBeat Community Rating for Seattle Genetics (NASDAQ SGEN)
MarketBeat's community ratings are surveys of what our community members think about Seattle Genetics and other stocks. Vote "Outperform" if you believe SGEN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SGEN will underperform the S&P 500 over the long term. You may vote once every thirty days.
