Agenus Inc. Forecasted to Earn Q1 2018 Earnings of ($0.34) Per Share (AGEN)

Agenus Inc. (NASDAQ:AGEN) – Investment analysts at William Blair raised their Q1 2018 earnings per share (EPS) estimates for Agenus in a research note issued to investors on Monday. William Blair analyst M. Phipps now forecasts that the biotechnology company will post earnings of ($0.34) per share for the quarter, up from their previous forecast of ($0.36). William Blair also issued estimates for Agenus’ Q2 2018 earnings at ($0.33) EPS, Q3 2018 earnings at ($0.31) EPS, Q4 2018 earnings at ($0.33) EPS, FY2018 earnings at ($1.32) EPS, FY2019 earnings at ($1.32) EPS, FY2020 earnings at ($1.23) EPS and FY2021 earnings at ($1.03) EPS.

Agenus (NASDAQ:AGEN) last issued its earnings results on Thursday, August 3rd. The biotechnology company reported ($0.32) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.36) by $0.04. The firm had revenue of $4.21 million during the quarter, compared to the consensus estimate of $6.66 million. During the same period last year, the firm posted ($0.33) earnings per share. The company’s revenue for the quarter was down 36.1% compared to the same quarter last year.

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AGEN has been the subject of a number of other research 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 report on Wednesday. Jefferies Group LLC reiterated a “buy” rating and issued a $7.00 price objective on shares of Agenus in a report on Friday, August 4th. ValuEngine upgraded shares of Agenus from a “strong sell” rating to a “sell” rating in a report on Thursday, September 7th. Finally, BidaskClub upgraded shares of Agenus from a “hold” rating to a “buy” rating in a report on Monday, July 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $5.81.

Agenus (AGEN) traded up 2.53% on Wednesday, reaching $3.65. The company had a trading volume of 2,505,985 shares. The company’s 50-day moving average price is $4.34 and its 200 day moving average price is $3.96. The firm’s market capitalization is $363.95 million. Agenus has a 1-year low of $3.20 and a 1-year high of $5.91.

Several large investors have recently bought and sold shares of AGEN. Bank of New York Mellon Corp boosted its position in Agenus by 38.1% in the 1st quarter. Bank of New York Mellon Corp now owns 560,799 shares of the biotechnology company’s stock valued at $2,114,000 after buying an additional 154,715 shares during the period. UBS Asset Management Americas Inc. boosted its position in Agenus by 203.7% in the 1st quarter. UBS Asset Management Americas Inc. now owns 51,933 shares of the biotechnology company’s stock valued at $196,000 after buying an additional 34,833 shares during the period. SG Americas Securities LLC boosted its position in Agenus by 175.7% in the 1st quarter. SG Americas Securities LLC now owns 37,171 shares of the biotechnology company’s stock valued at $140,000 after buying an additional 23,689 shares during the period. American International Group Inc. boosted its position in Agenus by 7.1% in the 1st quarter. American International Group Inc. now owns 45,013 shares of the biotechnology company’s stock valued at $170,000 after buying an additional 2,984 shares during the period. Finally, Neuberger Berman Group LLC purchased a new position in Agenus in the 1st quarter valued at approximately $273,000. 39.57% of the stock is owned by hedge funds and other institutional investors.

Agenus Company Profile

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 and Estimates for Agenus (NASDAQ:AGEN)

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