Seattle Genetics, Inc. (SGEN) Director Marc E. Lippman Sells 3,000 Shares
Seattle Genetics, Inc. (NASDAQ:SGEN) Director Marc E. Lippman sold 3,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $58.07, for a total value of $174,210.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Seattle Genetics, Inc. (SGEN) traded up $0.50 during midday trading on Friday, reaching $59.79. The company’s stock had a trading volume of 665,770 shares, compared to its average volume of 973,109. Seattle Genetics, Inc. has a 52 week low of $45.31 and a 52 week high of $73.91.
Seattle Genetics (NASDAQ:SGEN) last issued its quarterly earnings data on Thursday, October 26th. The biotechnology company reported ($0.19) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.42) by $0.23. Seattle Genetics had a negative return on equity of 32.41% and a negative net margin of 26.53%. The company had revenue of $135.29 million for the quarter, compared to analysts’ expectations of $112.76 million. During the same period in the previous year, the firm posted ($0.23) earnings per share. The firm’s revenue for the quarter was up 27.3% on a year-over-year basis. equities analysts predict that Seattle Genetics, Inc. will post -0.93 EPS for the current fiscal year.
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Several equities analysts have recently commented on the company. Oppenheimer Holdings, Inc. assumed coverage on Seattle Genetics in a research report on Tuesday, October 10th. They issued a “hold” rating on the stock. Cantor Fitzgerald set a $46.00 price objective on Seattle Genetics and gave the company a “hold” rating in a research report on Tuesday, October 10th. Cann assumed coverage on Seattle Genetics in a research report on Wednesday, November 8th. They issued a “hold” rating on the stock. Jefferies Group LLC restated a “buy” rating and issued a $53.00 price objective on shares of Seattle Genetics in a research report on Thursday, July 27th. Finally, Bank of America Corporation upgraded Seattle Genetics from an “underperform” rating to a “neutral” rating in a research report on Friday, October 27th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Seattle Genetics currently has a consensus rating of “Hold” and a consensus price target of $63.53.
Seattle Genetics Company Profile
Seattle Genetics, Inc is a biotechnology company focused on the development and commercialization of therapies for the treatment of cancer. The Company is engaged in the development and sale of pharmaceutical products on its own behalf or in collaboration with others. The Company’s marketed product ADCETRIS, or brentuximab vedotin, is an antibody-drug conjugate (ADC).
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