NASDAQ:SGEN - Seattle Genetics Stock Price, News, & Analysis

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$56.00 -2.63 (-4.49 %)
(As of 12/19/2018 06:35 AM ET)
Previous Close$58.63
Today's Range$54.73 - $59.18
52-Week Range$47.75 - $84.37
Volume1.22 million shs
Average Volume838,298 shs
Market Capitalization$9.39 billion
P/E RatioN/A
Dividend YieldN/A
Beta2.2
Seattle Genetics, Inc., a biotechnology company, focuses on the development and commercialization of targeted therapies for the treatment of cancer worldwide. It markets ADCETRIS, an antibody-drug conjugate for the treatment of relapsed Hodgkin lymphoma and relapsed systemic anaplastic large cell lymphoma. The company also develops enfortumab vedotin, which is in Phase 1 clinical trial for Nectin-4-positive solid tumors, including bladder cancer; and tisotumab vedotin that is in Phase II clinical trial for patients with cervical cancer and solid tumors. In addition, it conducts phase 3 clinical trials of ADCETRIS which includes ECHELON-1 for patients with newly diagnosed advanced stage classical Hodgkin lymphoma; ECHELON-2 for patients with newly diagnosed CD30-expressing MTCL; and the CHECKMATE 812 for patients with relapsed or refractory or transplant-ineligible, and advanced classical Hodgkin lymphoma. Further, the company's earlier stage clinical pipeline includes six other ADC programs consisting of ladiratuzumab vedotin, denintuzumab mafodotin, SGN-CD19B, SGN-CD123A, SGN-CD33A, and SGN-CD352A, as well as two immuno-oncology agents, including SEA-CD40 and SGN-2FF. 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; Pfizer, Inc., PSMA Development Company LLC; Takeda Pharmaceutical Company Limited, Unum Therapeutics, Inc., and Genmab A/S, as well as has co-development agreement with Agensys, Inc. Seattle Genetics, Inc. was founded in 1998 and is headquartered in Bothell, Washington.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Biological products, except diagnostic
Sub-IndustryBiotechnology
SectorMedical
Current SymbolNASDAQ:SGEN
Previous Symbol
CUSIP81257810
Phone425-527-4000

Debt

Debt-to-Equity RatioN/A
Current Ratio3.70
Quick Ratio3.31

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual Sales$482.25 million
Price / Sales18.60
Cash FlowN/A
Price / Cash FlowN/A
Book Value$4.71 per share
Price / Book11.89

Profitability

EPS (Most Recent Fiscal Year)($0.88)
Net Income$-125,530,000.00
Net Margins-26.58%
Return on Equity-19.13%
Return on Assets-16.36%

Miscellaneous

Employees1,100
Outstanding Shares160,150,000
Market Cap$9.39 billion
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) posted its earnings results on Thursday, October, 25th. The biotechnology company reported ($0.42) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.27) by $0.15. The biotechnology company earned $169.42 million during the quarter, compared to analysts' expectations of $164.75 million. Seattle Genetics had a negative return on equity of 19.13% and a negative net margin of 26.58%. View Seattle Genetics' Earnings History.

When is Seattle Genetics' next earnings date?

Seattle Genetics is scheduled to release their next quarterly earnings announcement on Tuesday, February 5th 2019. View Earnings Estimates for Seattle Genetics.

What guidance has Seattle Genetics issued on next quarter's earnings?

Seattle Genetics updated its FY 2018 earnings guidance on Thursday, October, 25th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $631-650 million, compared to the consensus revenue estimate of $659.86 million.

What price target have analysts set for SGEN?

14 brokerages have issued 12-month price objectives for Seattle Genetics' shares. Their predictions range from $50.00 to $101.00. On average, they expect Seattle Genetics' stock price to reach $79.7273 in the next twelve months. This suggests a possible upside of 42.4% 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, 4 hold ratings and 9 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. 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 ($58.7 HL + $3.52 relapsed sALCL+ $11.8 frontline PTCL + $20.7 platform Seattle Genetics Inc. October 26, 2018 H.C. WAINWRIGHT & CO. EQUITY RESEARCH 2+ $3.1 cash). Key risks to achievement of our target price include trial failures, safety issues, regulatory delays, competition, and dilutive financing." (10/26/2018)
  • 2. According to Zacks Investment Research, "Seattle Genetics' sole marketed drug, Adcetris, is performing well since its launch. The label expansion in frontline Hodgkin lymphoma, pcALCL, CD30-expressing MF and T-cell lymphoma is encouarging. The FDA approval of Adcetris in combination with chemotherapy for the treatment of stage III or IV classical Hodgkin lymphoma (cHL) will further boost sales. The company’s collaboration with Takeda for the global development and commercialization of Adcetris shows promise. However, its heavy dependence solely on Adcetris for growth has its inherent risks. The recent label expansion of Merck’s Keytruda in the lymphoma indication is likely to increase competition. Though the company has multiple candidates in its pipeline, most are in early stages of development. Meanwhile, the company’s shares have outperformed the industry so far this year." (10/23/2018)
  • 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 coverage about SGEN stock has been trending neutral recently, InfoTrie reports. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Seattle Genetics earned a media sentiment score of 0.5 on InfoTrie's scale. They also assigned media stories about the biotechnology company a news buzz of 1.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the immediate future.

Are investors shorting Seattle Genetics?

Seattle Genetics saw a drop in short interest in November. As of November 30th, there was short interest totalling 10,859,578 shares, a drop of 13.4% from the November 15th total of 12,540,361 shares. Based on an average daily volume of 1,427,975 shares, the days-to-cover ratio is presently 7.6 days. Currently, 6.9% of the company's shares are short sold. View Seattle Genetics' Current Options Chain.

Who are some of Seattle Genetics' key competitors?

Who are Seattle Genetics' key executives?

Seattle Genetics' management team includes the folowing people:
  • Dr. Clay B. Siegall, Co-Founder, Chairman, Pres & CEO (Age 57)
  • Mr. Todd E. Simpson, Chief Financial Officer (Age 57)
  • Dr. Vaughn B. Himes, Chief Technology Officer (Age 57)
  • Ms. Jean I. Liu, Gen. Counsel, Exec. VP of Legal Affairs & Corp. Sec. (Age 50)
  • Dr. Jonathan G. Drachman, Strategic Advisor for Innovation (Age 56)

Who are Seattle Genetics' major shareholders?

Seattle Genetics' stock is owned by a variety of of retail and institutional investors. Top institutional investors include Primecap Management Co. CA (9.03%), Baillie Gifford & Co. (8.42%), Capital International Investors (5.88%), BlackRock Inc. (5.65%), Vanguard Group Inc. (5.57%) and Vanguard Group Inc (5.57%). Company insiders that own Seattle Genetics stock include Bros Advisors Lp Baker, Clay B Siegall, Darren S Cline, Eric Dobmeier, Jonathan G Drachman, Marc E Lippman, Todd E Simpson and Vaughn B Himes. View Institutional Ownership Trends for Seattle Genetics.

Which major investors are selling Seattle Genetics stock?

SGEN stock was sold by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Baillie Gifford & Co., Wasatch Advisors Inc., FMR LLC, Manning & Napier Group LLC, Mitsubishi UFJ Trust & Banking Corp, Pictet Asset Management Ltd. and TIAA CREF Investment Management LLC. Company insiders that have sold Seattle Genetics company stock in the last year include Clay B Siegall, Darren S Cline, Jonathan G Drachman, Marc E Lippman, Todd E Simpson and Vaughn B Himes. View Insider Buying and Selling for Seattle Genetics.

Which major investors are buying Seattle Genetics stock?

SGEN stock was bought by a variety of institutional investors in the last quarter, including Capital International Investors, First Trust Advisors LP, Morgan Stanley, Vanguard Group Inc, Vanguard Group Inc., Great Lakes Advisors LLC, BlackRock Inc. and Fosun International Ltd. 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 $56.00.

How big of a company is Seattle Genetics?

Seattle Genetics has a market capitalization of $9.69 billion and generates $482.25 million in revenue each year. The biotechnology company earns $-125,530,000.00 in net income (profit) each year or ($0.88) on an earnings per share basis. Seattle Genetics employs 1,100 workers across the globe.

What is Seattle Genetics' official website?

The official website for Seattle Genetics is http://www.seattlegenetics.com.

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)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  489 (Vote Outperform)
Underperform Votes:  528 (Vote Underperform)
Total Votes:  1,017
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.
This page was last updated on 12/19/2018 by MarketBeat.com Staff

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