Xencor (NASDAQ:XNCR)‘s stock had its “sell” rating reiterated by Zacks Investment Research in a research report issued to clients and investors on Saturday.
According to Zacks, “Xencor Inc. is a clinical-stage biopharmaceutical company. It develops antibodies for the treatment of autoimmune diseases, asthma and allergic diseases, and cancer. Xencor Inc. is based in Monrovia, California. “
Other research analysts also recently issued reports about the company. BidaskClub raised Xencor from a “strong sell” rating to a “sell” rating in a report on Thursday, December 7th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $35.00 target price on shares of Xencor in a report on Sunday, November 12th. Cantor Fitzgerald began coverage on Xencor in a report on Wednesday, November 29th. They set an “overweight” rating and a $33.00 target price on the stock. ValuEngine downgraded Xencor from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. Finally, Canaccord Genuity set a $36.00 target price on Xencor and gave the stock a “buy” rating in a report on Monday, October 23rd. Three analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $30.80.
Shares of Xencor (NASDAQ:XNCR) traded down $0.26 on Friday, reaching $22.50. The company’s stock had a trading volume of 102,065 shares, compared to its average volume of 158,150. The firm has a market cap of $1,068.83, a P/E ratio of -22.50 and a beta of 2.09. Xencor has a 52-week low of $18.55 and a 52-week high of $28.64.
In other Xencor news, major shareholder John S. Stafford III acquired 50,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were bought at an average cost of $19.58 per share, with a total value of $979,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder John S. Stafford III acquired 150,000 shares of the company’s stock in a transaction dated Friday, October 27th. The stock was acquired at an average cost of $19.81 per share, for a total transaction of $2,971,500.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 278,535 shares of company stock worth $5,526,936 over the last ninety days. Company insiders own 4.03% of the company’s stock.
Several large investors have recently made changes to their positions in XNCR. Great West Life Assurance Co. Can lifted its stake in shares of Xencor by 158.9% in the 3rd quarter. Great West Life Assurance Co. Can now owns 6,526 shares of the biopharmaceutical company’s stock valued at $150,000 after purchasing an additional 4,005 shares during the period. SG Americas Securities LLC lifted its stake in shares of Xencor by 62.6% in the 2nd quarter. SG Americas Securities LLC now owns 8,447 shares of the biopharmaceutical company’s stock valued at $178,000 after purchasing an additional 3,252 shares during the period. Legal & General Group Plc lifted its stake in shares of Xencor by 4.5% in the 2nd quarter. Legal & General Group Plc now owns 8,978 shares of the biopharmaceutical company’s stock valued at $189,000 after purchasing an additional 385 shares during the period. Principal Financial Group Inc. acquired a new position in shares of Xencor in the 3rd quarter valued at about $201,000. Finally, Citadel Advisors LLC acquired a new position in shares of Xencor in the 2nd quarter valued at about $224,000. 77.50% of the stock is currently owned by institutional investors.
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Xencor, Inc is a clinical-stage biopharmaceutical company. The Company is focused on discovering and developing engineered monoclonal antibodies to treat severe and life threatening diseases. It has developed two clinical-stage product candidates, using its Immune Inhibitor Fc platform: XmAb5871, which is in two Phase II trials and is being developed for autoimmune disease, and XmAb7195, which is in a Phase I trial and is being developed for asthma and allergic diseases.
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