Agenus Inc. (AGEN) Raised to “Sell” at ValuEngine

ValuEngine upgraded shares of Agenus Inc. (NASDAQ:AGEN) from a strong sell rating to a sell rating in a report released on Monday.

A number of other analysts have also recently weighed in on the stock. HC Wainwright set a $5.00 price target on shares of Agenus and gave the stock a hold rating in a research note on Saturday, May 6th. Zacks Investment Research upgraded shares of Agenus from a sell rating to a buy rating and set a $4.50 price target for the company in a research note on Wednesday, July 5th. Finally, Maxim Group reiterated a buy rating and set a $7.00 price target on shares of Agenus in a research note on Sunday, April 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. Agenus has a consensus rating of Buy and a consensus target price of $5.88.

Shares of Agenus (NASDAQ:AGEN) opened at 5.26 on Monday. Agenus has a 1-year low of $3.20 and a 1-year high of $7.49. The stock’s market capitalization is $521.36 million. The stock has a 50 day moving average price of $4.14 and a 200 day moving average price of $3.89.

Agenus (NASDAQ:AGEN) last posted its earnings results on Thursday, May 4th. The biotechnology company reported ($0.18) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.32) by $0.14. The firm had revenue of $26.96 million for the quarter, compared to the consensus estimate of $5.22 million. Agenus had a negative net margin of 257.79% and a negative return on equity of 37,577.49%. Equities research analysts anticipate that Agenus will post ($1.23) EPS for the current year.

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A number of hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its stake in shares of Agenus by 3,447.2% in the first quarter. Goldman Sachs Group Inc. now owns 673,333 shares of the biotechnology company’s stock worth $2,539,000 after buying an additional 654,351 shares in the last quarter. Credit Suisse AG boosted its stake in shares of Agenus by 167.9% in the first quarter. Credit Suisse AG now owns 159,806 shares of the biotechnology company’s stock worth $602,000 after buying an additional 100,149 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of Agenus by 12.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 55,920 shares of the biotechnology company’s stock worth $211,000 after buying an additional 6,101 shares in the last quarter. Highbridge Capital Management LLC acquired a new stake in shares of Agenus during the first quarter worth $391,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Agenus by 6.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 267,159 shares of the biotechnology company’s stock worth $1,008,000 after buying an additional 16,074 shares in the last quarter. Hedge funds and other institutional investors own 42.61% of the company’s stock.

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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

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