Seagen - SGEN Stock Forecast, Price & News

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Seagen in the last twelve months. There are currently 4 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SGEN shares.
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16 Wall Street research analysts have issued twelve-month target prices for Seagen's shares. Their SGEN share price forecasts range from $135.00 to $188.00. On average, they predict the company's share price to reach $161.21 in the next twelve months. This suggests a possible upside of 15.1% from the stock's current price.
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Seagen's stock was trading at $128.51 at the beginning of 2023. Since then, SGEN stock has increased by 8.9% and is now trading at $140.01.
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Seagen saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 3,000,000 shares, an increase of 15.4% from the December 31st total of 2,600,000 shares. Based on an average daily trading volume, of 982,200 shares, the days-to-cover ratio is presently 3.1 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
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Seagen will be holding an earnings conference call on Wednesday, February 15th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

Seagen Inc. (NASDAQ:SGEN) posted its quarterly earnings data on Thursday, October, 28th. The biotechnology company reported ($1.61) EPS for the quarter, missing analysts' consensus estimates of ($0.56) by $1.05. The biotechnology company had revenue of $424.60 million for the quarter, compared to analysts' expectations of $384.83 million. Seagen had a negative net margin of 34.16% and a negative trailing twelve-month return on equity of 21.56%. Seagen's quarterly revenue was down 60.0% compared to the same quarter last year. During the same period in the previous year, the business posted $3.50 EPS.

Seagen updated its FY 2022 earnings guidance on Thursday, November, 3rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.82 billion-$1.86 billion, compared to the consensus revenue estimate of $1.84 billion.

107 employees have rated Seagen Chief Executive Officer Clay B. Siegall on Glassdoor.com. Clay B. Siegall has an approval rating of 99% among the company's employees. This puts Clay B. Siegall in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Seagen investors own include NVIDIA (NVDA), AbbVie (ABBV), Advanced Micro Devices (AMD), Gilead Sciences (GILD), Salesforce (CRM), QUALCOMM (QCOM), Tesla (TSLA), Micron Technology (MU), Netflix (NFLX) and Alibaba Group (BABA).

Seagen trades on the NASDAQ under the ticker symbol "SGEN."

Seagen's stock is owned by many different institutional and retail investors. Top institutional investors include Manning & Napier Group LLC (0.19%), Pinnacle Associates Ltd. (0.13%), National Bank of Canada FI (0.10%), Allspring Global Investments Holdings LLC (0.07%), Gateway Investment Advisers LLC (0.01%) and DNB Asset Management AS (0.01%). Insiders that own company stock include Bros Advisors Lp Baker, Charles R Romp, Charles R Romp, Clay B Siegall, Clay B Siegall, Daniel G Welch, Daniel G Welch, David W Gryska, David W Gryska, Jean I Liu, Jean I Liu, Marc E Lippman, Morgan E Obrien, Roger D Dansey, Roger D Dansey, Todd E Simpson, Todd E Simpson, Vaughn B Himes and Vaughn B Himes.
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Shares of SGEN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SGEN stock can currently be purchased for approximately $140.01.

Seagen (NASDAQ:SGEN) has a market capitalization of $25.99 billion and generates $1.57 billion in revenue each year. The biotechnology company earns $-674,470,000.00 in net income (profit) each year or ($3.45) on an earnings per share basis.

The company employs 2,675 workers across the globe.

Seagen's mailing address is 21823 30TH DRIVE SE SUITE, BOTHELL WA, 98021. The official website for the company is www.seattlegenetics.com. The biotechnology company can be reached via phone at (425) 527-4000, via email at investors@seagen.com, or via fax at 425-527-4001.