Agenus (AGEN) Downgraded by BidaskClub

BidaskClub lowered shares of Agenus (NASDAQ:AGEN) from a sell rating to a strong sell rating in a research note issued to investors on Wednesday, January 3rd.

Other research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Agenus from a hold rating to a buy rating and set a $4.25 price objective on the stock in a research note on Wednesday, October 25th. ValuEngine raised Agenus from a strong sell rating to a sell rating in a research report on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $5.81.

Agenus (NASDAQ AGEN) opened at $3.97 on Wednesday. Agenus has a fifty-two week low of $3.20 and a fifty-two week high of $5.45. The company has a debt-to-equity ratio of -2.39, a current ratio of 1.55 and a quick ratio of 1.55.

Agenus (NASDAQ:AGEN) last issued its quarterly earnings data on Tuesday, November 7th. The biotechnology company reported ($0.37) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.37). The company had revenue of $3.40 million for the quarter, compared to analyst estimates of $5.91 million. The business’s revenue was down 24.4% compared to the same quarter last year. analysts anticipate that Agenus will post -1.16 EPS for the current year.

In other news, CEO Garo H. Armen acquired 100,000 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was purchased at an average cost of $3.55 per share, with a total value of $355,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Karen Valentine sold 8,358 shares of the business’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $3.46, for a total value of $28,918.68. Following the completion of the sale, the insider now directly owns 109,879 shares of the company’s stock, valued at $380,181.34. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,514 shares of company stock worth $70,978. Corporate insiders own 7.60% of the company’s stock.

A number of institutional investors have recently made changes to their positions in AGEN. TIAA CREF Investment Management LLC grew its holdings in shares of Agenus by 0.6% during the second quarter. TIAA CREF Investment Management LLC now owns 204,576 shares of the biotechnology company’s stock valued at $800,000 after purchasing an additional 1,283 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Agenus by 6.7% during the second quarter. The Manufacturers Life Insurance Company now owns 63,595 shares of the biotechnology company’s stock valued at $248,000 after purchasing an additional 4,006 shares during the last quarter. Voya Investment Management LLC grew its holdings in shares of Agenus by 18.5% during the second quarter. Voya Investment Management LLC now owns 40,855 shares of the biotechnology company’s stock valued at $160,000 after purchasing an additional 6,381 shares during the last quarter. Teachers Advisors LLC grew its holdings in shares of Agenus by 9.7% during the second quarter. Teachers Advisors LLC now owns 141,776 shares of the biotechnology company’s stock valued at $554,000 after purchasing an additional 12,509 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Agenus by 6.2% during the third quarter. Schwab Charles Investment Management Inc. now owns 282,015 shares of the biotechnology company’s stock valued at $1,244,000 after purchasing an additional 16,470 shares during the last quarter. 37.87% of the stock is owned by hedge funds and other institutional investors.

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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).

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