ImmunoGen, Inc. (IMGN) VP Craig Barrows Sells 37,050 Shares
ImmunoGen, Inc. (NASDAQ:IMGN) VP Craig Barrows sold 37,050 shares of ImmunoGen stock in a transaction on Friday, September 15th. The shares were sold at an average price of $6.81, for a total value of $252,310.50. Following the completion of the transaction, the vice president now owns 51,100 shares of the company’s stock, valued at approximately $347,991. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Craig Barrows also recently made the following trade(s):
- On Wednesday, September 13th, Craig Barrows sold 14,600 shares of ImmunoGen stock. The shares were sold at an average price of $6.95, for a total value of $101,470.00.
ImmunoGen, Inc. (IMGN) traded down 1.45% during midday trading on Friday, hitting $6.80. The stock had a trading volume of 5,943,687 shares. ImmunoGen, Inc. has a 52 week low of $1.51 and a 52 week high of $8.84. The company’s market capitalization is $609.26 million. The company’s 50-day moving average price is $6.58 and its 200 day moving average price is $5.18.
ImmunoGen (NASDAQ:IMGN) last announced its quarterly earnings results on Friday, July 28th. The biotechnology company reported ($0.10) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.07. The firm had revenue of $39.02 million during the quarter, compared to the consensus estimate of $30.59 million. During the same quarter in the previous year, the company posted ($0.53) earnings per share. The firm’s revenue was up 426.6% on a year-over-year basis. On average, analysts expect that ImmunoGen, Inc. will post ($0.74) EPS for the current year.
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Several institutional investors and hedge funds have recently made changes to their positions in IMGN. Teachers Advisors LLC lifted its stake in shares of ImmunoGen by 10.6% in the 4th quarter. Teachers Advisors LLC now owns 209,859 shares of the biotechnology company’s stock valued at $428,000 after acquiring an additional 20,171 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of ImmunoGen in the 1st quarter valued at $117,000. Janney Montgomery Scott LLC lifted its stake in shares of ImmunoGen by 11.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 58,815 shares of the biotechnology company’s stock valued at $228,000 after acquiring an additional 5,893 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of ImmunoGen by 15.4% in the 1st quarter. Bank of New York Mellon Corp now owns 438,917 shares of the biotechnology company’s stock valued at $1,698,000 after acquiring an additional 58,516 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its stake in shares of ImmunoGen by 148.6% in the 1st quarter. UBS Asset Management Americas Inc. now owns 68,097 shares of the biotechnology company’s stock valued at $264,000 after acquiring an additional 40,700 shares during the last quarter. Institutional investors own 84.66% of the company’s stock.
IMGN has been the subject of several research analyst reports. William Blair reiterated an “outperform” rating on shares of ImmunoGen in a research report on Monday, June 26th. Royal Bank Of Canada upgraded ImmunoGen from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $5.00 to $12.00 in a research report on Thursday, July 6th. BidaskClub downgraded ImmunoGen from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. Leerink Swann reiterated a “buy” rating on shares of ImmunoGen in a research report on Tuesday, August 29th. Finally, Cantor Fitzgerald reiterated a “hold” rating on shares of ImmunoGen in a research report on Tuesday, August 29th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. ImmunoGen presently has an average rating of “Hold” and an average price target of $8.01.
ImmunoGen Company Profile
ImmunoGen, Inc is a clinical-stage biotechnology company that develops targeted cancer therapeutics using its antibody-drug conjugate (ADC) technology. The Company is engaged in the discovery of monoclonal antibody-based anticancer therapeutics. An ADC with the Company’s technology comprises an antibody that binds to a target found on tumor cells conjugated to one of its anti-cancer agents as a payload to kill the tumor cell once the ADC has bound to its target.
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