A number of other brokerages have also weighed in on MGNX. HC Wainwright lifted their price objective on MacroGenics from $11.00 to $12.00 and gave the company a buy rating in a report on Monday, November 7th. Barclays dropped their price objective on MacroGenics to $8.00 in a report on Monday, August 15th. Citigroup raised their target price on MacroGenics from $13.00 to $16.00 and gave the company a buy rating in a report on Monday, August 29th. SVB Leerink lowered their price target on shares of MacroGenics from $15.00 to $12.00 and set an outperform rating on the stock in a research note on Tuesday, August 9th. Finally, BMO Capital Markets upgraded shares of MacroGenics from a market perform rating to an outperform rating and raised their price objective for the company from $5.70 to $16.00 in a research note on Monday, November 14th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $11.88.
MacroGenics Stock Performance
Shares of MacroGenics stock opened at $6.18 on Tuesday. The company has a market cap of $379.92 million, a P/E ratio of -1.99 and a beta of 2.06. The firm has a fifty day moving average of $4.53 and a two-hundred day moving average of $3.99. MacroGenics has a one year low of $2.13 and a one year high of $19.73.
Insider Buying and Selling
Institutional Trading of MacroGenics
A number of large investors have recently made changes to their positions in MGNX. Denali Advisors LLC acquired a new position in MacroGenics in the 3rd quarter valued at about $25,000. Nisa Investment Advisors LLC raised its position in shares of MacroGenics by 692.3% in the third quarter. Nisa Investment Advisors LLC now owns 5,150 shares of the biopharmaceutical company’s stock valued at $26,000 after buying an additional 4,500 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new position in shares of MacroGenics during the second quarter valued at approximately $32,000. Diversified Trust Co acquired a new stake in MacroGenics during the second quarter worth approximately $37,000. Finally, Mackenzie Financial Corp purchased a new stake in MacroGenics in the 2nd quarter worth approximately $37,000.
MacroGenics Company Profile
MacroGenics, Inc, a biopharmaceutical company, develops and commercializes antibody-based therapeutics to treat cancer in the United States. Its approved product is MARGENZA (margetuximab-cmkb), a human epidermal growth factor receptor 2 (HER2) receptor antagonist indicated, in combination with chemotherapy, for the treatment of adult patients with metastatic HER2-positive breast cancer who have received two or more prior anti-HER2 regimens.
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