BidaskClub Downgrades Agenus (AGEN) to Strong Sell

Agenus (NASDAQ:AGEN) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Saturday.

AGEN has been the topic of several other reports. Zacks Investment Research raised Agenus from a “hold” rating to a “buy” rating and set a $4.50 price target on the stock in a report on Tuesday, January 9th. ValuEngine upgraded Agenus from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $5.81.

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Shares of AGEN opened at $4.46 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of -1.88. Agenus has a 52 week low of $3.20 and a 52 week high of $6.19. The company has a market capitalization of $457.40, a PE ratio of -3.63 and a beta of 1.66.

Agenus (NASDAQ:AGEN) last issued its quarterly earnings results on Thursday, March 15th. The biotechnology company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.07). The firm had revenue of $8.30 million during the quarter, compared to analysts’ expectations of $5.30 million. The company’s revenue was up 48.2% compared to the same quarter last year. analysts forecast that Agenus will post -1.52 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of AGEN. MetLife Investment Advisors LLC purchased a new stake in shares of Agenus in the 4th quarter worth $124,000. Raymond James & Associates purchased a new stake in shares of Agenus in the 4th quarter worth $130,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Agenus in the 3rd quarter worth $134,000. North Star Asset Management Inc. purchased a new stake in shares of Agenus in the 4th quarter worth $222,000. Finally, Highbridge Capital Management LLC increased its stake in shares of Agenus by 242.8% in the 3rd quarter. Highbridge Capital Management LLC now owns 56,642 shares of the biotechnology company’s stock worth $249,000 after purchasing an additional 40,118 shares in the last quarter. Hedge funds and other institutional investors own 36.46% of the company’s stock.

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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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