Agenus Inc. (NASDAQ:AGEN) announced its quarterly earnings results on Tuesday. The biotechnology company reported ($0.36) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.37) by $0.01, reports. The business had revenue of $3.40 million during the quarter, compared to the consensus estimate of $5.91 million. The firm’s revenue for the quarter was down 24.4% on a year-over-year basis.

Shares of Agenus (NASDAQ:AGEN) opened at $3.50 on Wednesday. The company has a debt-to-equity ratio of -7.93, a current ratio of 3.36 and a quick ratio of 3.36. Agenus has a one year low of $3.20 and a one year high of $5.91.

In related news, CEO Garo H. Armen purchased 100,000 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was bought at an average price of $3.55 per share, for a total transaction of $355,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 7.90% of the company’s stock.

AGEN has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Agenus from a “hold” rating to a “buy” rating and set a $4.25 price objective for the company in a research note on Wednesday, October 25th. BidaskClub upgraded shares of Agenus from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Jefferies Group LLC reiterated a “buy” rating and issued a $7.00 price objective on shares of Agenus in a research note on Friday, August 4th. Finally, ValuEngine upgraded shares of Agenus from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $5.81.

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About Agenus

Agenus Inc (Agenus) is an immuno-oncology (I-O) company. The Company focuses on the discovery and development of therapies that engage the body’s immune system to fight cancer. It is developing a I-O portfolio driven by platforms and programs, such as antibody discovery platforms, including Retrocyte Display, SECANT yeast display and phage display technologies designed to produce human antibodies; antibody candidate programs, including checkpoint modulator (CPM) programs; vaccine programs, including Prophage, AutoSynVax and PhosPhoSynVax, and saponin-based vaccine adjuvants, principally QS-21 Stimulon adjuvant (QS-21 Stimulon).

Earnings History for Agenus (NASDAQ:AGEN)

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