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S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
2 Important Retail Stock Battles to Watch
Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
Pipeline break spills 45,000 gallons of diesel in Wyoming
Sinema took Wall Street money while killing tax on investors
MarketBeat: Week in Review 8/8 - 8/12
Our Most Important Forecast in 50 Years Tectonic changes are on the way. (Ad)
Expanded IRS free-file system one step closer in Dems' bill
In Biden's big bill: Climate, health care, deficit reduction
Climate bill: Could coal communities shift to nuclear?
MUST WATCH: Unusual 3-second financial maneuver (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
2 Important Retail Stock Battles to Watch
Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
Pipeline break spills 45,000 gallons of diesel in Wyoming
Sinema took Wall Street money while killing tax on investors
MarketBeat: Week in Review 8/8 - 8/12
Our Most Important Forecast in 50 Years Tectonic changes are on the way. (Ad)
Expanded IRS free-file system one step closer in Dems' bill
In Biden's big bill: Climate, health care, deficit reduction
Climate bill: Could coal communities shift to nuclear?
MUST WATCH: Unusual 3-second financial maneuver (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
2 Important Retail Stock Battles to Watch
Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
Pipeline break spills 45,000 gallons of diesel in Wyoming
Sinema took Wall Street money while killing tax on investors
MarketBeat: Week in Review 8/8 - 8/12
Our Most Important Forecast in 50 Years Tectonic changes are on the way. (Ad)
Expanded IRS free-file system one step closer in Dems' bill
In Biden's big bill: Climate, health care, deficit reduction
Climate bill: Could coal communities shift to nuclear?
MUST WATCH: Unusual 3-second financial maneuver (Ad)
NASDAQ:SGEN

Seagen - SGEN Stock Forecast, Price & News

$170.14
-3.90 (-2.24%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$164.81
$176.03
50-Day Range
$139.40
$180.11
52-Week Range
$105.43
$192.79
Volume
2.79 million shs
Average Volume
889,714 shs
Market Capitalization
$31.38 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$179.64

Seagen MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
5.6% Upside
$179.64 Price Target
Short Interest
Healthy
1.22% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-2.48
Upright™ Environmental Score
News Sentiment
0.01mentions of Seagen in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$8.07 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($3.42) to ($1.38) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.11 out of 5 stars

Medical Sector

627th out of 1,117 stocks

Biological Products, Except Diagnostic Industry

98th out of 175 stocks

SGEN stock logo

About Seagen (NASDAQ:SGEN) Stock

Seagen Inc., a biotechnology company, develops and commercializes therapies for the treatment of cancer in the United States and internationally. The company offers ADCETRIS, an antibody-drug conjugate (ADC) for the treatment of patients with Hodgkin lymphoma or CD30-positive T-cell lymphomas; PADCEV, an ADC targeting Nectin-4 for the treatment of advanced or metastatic urothelial cancer; and TUKYSA, an oral small molecule tyrosine kinase inhibitor for the treatment of adult patients with advanced unresectable or metastatic HER2-positive breast cancer. It also develops TIVDAK for metastatic cervical cancer and other solid tumors; Ladiratuzumab Vedotin, an ADC targeting LIV-1 for metastatic breast cancer and solid tumors; Disitamab Vedotin, a novel HER2-targeted ADC; and SEA-CD40, SEA-TGT, SEA-BCMA, and SEA-CD70 for various cancer diseases. Seagen Inc. has collaboration agreements with Takeda Pharmaceutical Company Limited; Agensys, Inc.; Genmab A/S; Merck; and RemeGen, Co. Ltd. The company was formerly known as Seattle Genetics, Inc. and changed its name to Seagen Inc. in October 2020. Seagen Inc. was incorporated in 1997 and is headquartered in Bothell, Washington.

Analysts Set New Price Targets

A number of research firms have recently commented on SGEN. Raymond James began coverage on shares of Seagen in a research report on Wednesday, June 29th. They issued an "outperform" rating and a $220.00 price objective for the company. Guggenheim set a $204.00 price target on shares of Seagen in a research report on Tuesday, July 19th. SVB Leerink upped their price target on shares of Seagen from $155.00 to $159.00 and gave the stock an "outperform" rating in a report on Monday, June 6th. Morgan Stanley lifted their price target on Seagen from $180.00 to $181.00 and gave the company an "overweight" rating in a research report on Friday, July 29th. Finally, TheStreet upgraded shares of Seagen from a "d+" rating to a "c" rating in a research report on Wednesday, July 6th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $179.64.

Seagen Stock Performance

NASDAQ:SGEN opened at $170.14 on Friday. Seagen has a fifty-two week low of $105.43 and a fifty-two week high of $192.79. The business has a 50 day moving average price of $169.57 and a 200-day moving average price of $147.69. The firm has a market cap of $31.38 billion, a PE ratio of -42.22 and a beta of 0.57.

Seagen (NASDAQ:SGEN - Get Rating) last announced its quarterly earnings results on Thursday, July 28th. The biotechnology company reported ($0.73) earnings per share for the quarter, beating the consensus estimate of ($0.82) by $0.09. Seagen had a negative net margin of 41.61% and a negative return on equity of 24.33%. The business had revenue of $497.50 million during the quarter, compared to analysts' expectations of $437.77 million. During the same quarter in the prior year, the company posted ($0.47) EPS. The firm's revenue for the quarter was up 28.1% compared to the same quarter last year. Research analysts predict that Seagen will post -3.42 EPS for the current year.

Insider Transactions at Seagen

In other Seagen news, EVP Charles R. Romp sold 712 shares of the company's stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $179.46, for a total transaction of $127,775.52. Following the completion of the transaction, the executive vice president now owns 48,771 shares of the company's stock, valued at approximately $8,752,443.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Charles R. Romp sold 712 shares of Seagen stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $179.46, for a total transaction of $127,775.52. Following the sale, the executive vice president now owns 48,771 shares of the company's stock, valued at approximately $8,752,443.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Roger D. Dansey sold 34,635 shares of the stock in a transaction dated Tuesday, June 28th. The stock was sold at an average price of $180.00, for a total transaction of $6,234,300.00. Following the completion of the transaction, the insider now directly owns 62,084 shares of the company's stock, valued at $11,175,120. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,680 shares of company stock worth $8,074,568. Company insiders own 27.30% of the company's stock.

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SGEN Stock News Headlines

Seagen (NASDAQ:SGEN) Upgraded by StockNews.com to "Buy"
Short Interest in Seagen Inc. (NASDAQ:SGEN) Decreases By 15.3%
Seagen (SGEN) Set to Announce Earnings on Thursday
Form 8-K Seagen Inc. For: Jul 26 - StreetInsider.com
See More Headlines
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SGEN Company Calendar

Last Earnings
7/28/2022
Today
8/13/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Biological products, except diagnostic
Sub-Industry
Biotechnology
Sector
Medical
Current Symbol
NASDAQ:SGEN
CUSIP
81257810
Employees
2,675
Year Founded
1998

Price Target and Rating

Average Stock Price Forecast
$179.64
High Stock Price Forecast
$220.00
Low Stock Price Forecast
$145.00
Forecasted Upside/Downside
+5.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
12 Analysts

Profitability

Net Income
$-674,470,000.00
Pretax Margin
-41.60%

Debt

Sales & Book Value

Annual Sales
$1.57 billion
Book Value
$15.90 per share

Miscellaneous

Free Float
134,084,000
Market Cap
$31.38 billion
Optionable
Optionable
Beta
0.57

Social Links















SGEN Stock - Frequently Asked Questions

Should I buy or sell Seagen stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Seagen in the last year. There are currently 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SGEN shares.
View SGEN analyst ratings
or view top-rated stocks.

What is Seagen's stock price forecast for 2022?

12 equities research analysts have issued 12-month price objectives for Seagen's stock. Their SGEN share price forecasts range from $145.00 to $220.00. On average, they expect the company's stock price to reach $179.64 in the next twelve months. This suggests a possible upside of 5.6% from the stock's current price.
View analysts price targets for SGEN
or view top-rated stocks among Wall Street analysts.

How have SGEN shares performed in 2022?

Seagen's stock was trading at $154.60 at the beginning of 2022. Since then, SGEN stock has increased by 10.1% and is now trading at $170.14.
View the best growth stocks for 2022 here
.

When is Seagen's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our SGEN earnings forecast
.

How were Seagen's earnings last quarter?

Seagen Inc. (NASDAQ:SGEN) posted its quarterly earnings results on Thursday, July, 28th. The biotechnology company reported ($0.73) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.82) by $0.09. The biotechnology company had revenue of $497.50 million for the quarter, compared to the consensus estimate of $437.77 million. Seagen had a negative net margin of 41.61% and a negative trailing twelve-month return on equity of 24.33%. The firm's revenue was up 28.1% compared to the same quarter last year. During the same period last year, the business earned ($0.47) earnings per share.

What guidance has Seagen issued on next quarter's earnings?

Seagen updated its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.71 billion-$1.79 billion, compared to the consensus revenue estimate of $1.78 billion.

What is Clay B. Siegall's approval rating as Seagen's CEO?

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.

What other stocks do shareholders of Seagen own?

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).

What is Seagen's stock symbol?

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

Who are Seagen's major shareholders?

Seagen's stock is owned by a variety of institutional and retail investors. Top institutional investors include Primecap Management Co. CA (2.49%), FMR LLC (1.45%), Franklin Resources Inc. (0.79%), Pictet Asset Management SA (0.59%), Northern Trust Corp (0.49%) and Candriam S.C.A. (0.42%). 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, Lip Bu Tan, Marc E Lippman, Morgan E Obrien, Roger D Dansey, Roger D Dansey, Srinivas Akkaraju, Todd E Simpson, Todd E Simpson, Vaughn B Himes and Vaughn B Himes.
View institutional ownership trends
.

How do I buy shares of Seagen?

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.
Compare Top Brokerages Here.

What is Seagen's stock price today?

One share of SGEN stock can currently be purchased for approximately $170.14.

How much money does Seagen make?

Seagen (NASDAQ:SGEN) has a market capitalization of $31.38 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 ($4.03) on an earnings per share basis.

How many employees does Seagen have?

The company employs 2,675 workers across the globe.

Does Seagen have any subsidiaries?

The following companies are subsidiares of Seagen: Cascadian Therapeutics.
Read More

When was Seagen founded?

Seagen was founded in 1998.

How can I contact Seagen?

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.

This page (NASDAQ:SGEN) was last updated on 8/13/2022 by MarketBeat.com Staff

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