Seattle Genetics Company Profile (NASDAQ:SGEN)

Seattle Genetics trades on the NASDAQ under the ticker symbol "SGEN."

Seattle Genetics, Inc. (NASDAQ:SGEN) released its earnings results on Thursday, July, 27th. The company reported ($0.39) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.42) by $0.03. The company earned $108.20 million during the quarter, compared to analyst estimates of $105.92 million. Seattle Genetics had a negative net margin of 47.38% and a negative return on equity of 32.87%. The firm's quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.23) EPS. View Seattle Genetics' Earnings History.

Seattle Genetics is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for Seattle Genetics.

20 brokerages have issued 1-year price targets for Seattle Genetics' stock. Their predictions range from $45.00 to $75.00. On average, they expect Seattle Genetics' stock price to reach $60.29 in the next year. View Analyst Ratings for Seattle Genetics.

Here are some recent quotes from research analysts about Seattle Genetics stock:

• 1. According to Zacks Investment Research, "Seattle Genetics has upped its guidance for 2017 driven by a robust performance of Adcetris in the first half. We are also encouraged by the company’s efforts to expand the drug’s label. The company’s collaboration with Takeda for the global development and commercialization of Adcetris is encouraging. However, dependence on one product – 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 of them are in early stages of development. The company’s shares have underperformed the industry year to date. Estimates have remained stable ahead of the Q3 earnings results. The company has a mixed record of earnings surprises in recent quarters." (10/16/2017)
• 2. Cann analysts commented, "Seattle Genetics announced today that preliminary clinical data for tisotumab vedotin from a Genmab-sponsored phase I/II clinical trial, GEN701, are being featured in an oral presentation at ESMO. Data were reported from an expansion cohort of the study including 34 patients with relapsed, recurrent and/or metastatic cervical cancer. It was reported that 32% of these patients achieved a response and 50% of patients achieved clinical benefit after 12 weeks. Median duration of confirmed responses was 8.3 months." (9/8/2017)
• 3. Cantor Fitzgerald analysts commented, "The Phase III ECHELON-1 study in previously untreated patients with advanced classical Hodgkin lymphoma met its primary endpoint of modified PFS (82.1% versus 77.2% at two years)." (6/26/2017)
• 4. Cowen and Company analysts commented, "SGEN announced this morning that following an interim safety look of 33A’s pivotal." (6/19/2017)
• 5. J P Morgan Chase & Co analysts commented, "With top-line results for ECHELON-1 (Adcetris in 1L Hodgkin lymphoma) reading out at some point in 2017, we conducted a detailed analysis of the trial design and available data and interviewed a couple more KOLs to help frame expectations. We are also updating our model to better account for doc feedback and re-treatment rates among the various approved Adcetris settings. The bottom line is that we are bullish on the potential success of E-1 (70% in our model), which may offer a favorable trading opportunity into the data." (6/13/2017)

Some companies that are related to Seattle Genetics include Alnylam Pharmaceuticals (ALNY), Ionis Pharmaceuticals (IONS), Alkermes PLC (ALKS), Qiagen N.V. (QGEN), Icon Plc (ICLR), Exact Sciences Corporation (EXAS), Charles River Laboratories International (CRL), United Therapeutics Corporation (UTHR), PRA Health Sciences (PRAH), Galapagos NV (GLPG), Bio-Techne Corp (TECH), Puma Biotechnology (PBYI), PAREXEL International Corporation (PRXL), ACADIA Pharmaceuticals (ACAD), FibroGen (FGEN), Nektar Therapeutics (NKTR), WuXi PharmaTech (Cayman) (WX) and INC Research Holdings (INCR).

Seattle Genetics' management team includes the folowing people:

• Clay B. Siegall Ph.D., Chairman of the Board, President, Chief Executive Officer
• Todd E. Simpson, Chief Financial Officer
• Eric L. Dobmeier, Chief Operating Officer
• Jean I. Liu J.D., Executive Vice President - Legal Affairs, General Counsel, Corporate Secretary
• Darren S. Cline, Executive Vice President - Commercial
• Jonathan G. Drachman M.D., Chief Medical Officer, Executive Vice President - Research and Development
• Vaughn B. Himes Ph.D., Chief Technical Officer
• Felix J. Baker Ph.D., Lead Independent Director
• Srinivas Akkaraju M.D. Ph.D., Independent Director
• David W. Gryska, Independent Director

Seattle Genetics' stock is owned by a number of of institutional and retail investors. Top institutional investors include Eqis Capital Management Inc. (0.02%) and Bristlecone Advisors LLC (0.00%). Company insiders that own Seattle Genetics stock include Clay B Siegall, Darren S Cline, David W Gryska, Eric Dobmeier, Felix Baker, John A Orwin, Jonathan G Drachman, Marc E Lippman, Todd E Simpson and Vaughn B Himes. View Institutional Ownership Trends for Seattle Genetics.

Seattle Genetics' stock was sold by a variety of institutional investors in the last quarter, including Eqis Capital Management Inc.. Company insiders that have sold Seattle Genetics stock in the last year include Clay B Siegall, Darren S Cline, Eric Dobmeier, Jonathan G Drachman, Marc E Lippman, Todd E Simpson and Vaughn B Himes. View Insider Buying and Selling for Seattle Genetics.

Seattle Genetics' stock was purchased by a variety of institutional investors in the last quarter, including Bristlecone Advisors LLC. Company insiders that have bought Seattle Genetics stock in the last two years include Felix Baker and John A Orwin. View Insider Buying and Selling for Seattle Genetics.

Shares of Seattle Genetics can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Seattle Genetics stock can currently be purchased for approximately $63.86.