Genmab A/S (NASDAQ:GMAB) shares traded -6.73% lower at $40.31 on Wall Street last session.
In accordance with the data, 27 analysts cover Genmab A/S (NASDAQ:GMAB). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $53.00 and a low of $30.10, we find $44.07. Given the previous closing price of $43.22, this indicates a potential upside of 1.97 percent. GMAB stock price is now -6.64% away from the 50-day moving average and 10.62% away from the 200-day moving average. The market capitalization of the company currently stands at $26.27B.
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It has been rated a hold by 12 analysts and a buy by 9. Brokers who have rated the stock have averaged $43.69 as their price target over the next twelve months.
, while ‘Deutsche Bank’ rates the stock as ‘Hold’.
There have been several recent changes in the stakes of large investors in GMAB stock. A new stake in Genmab A/S shares was purchased by ALLIANCEBERNSTEIN L.P. during the first quarter worth $232,971,000. FIRST TRUST ADVISORS LP invested $52,060,000 in shares of GMAB during the first quarter. In the first quarter, CAAS CAPITAL MANAGEMENT LP acquired a new stake in Genmab A/S valued at approximately $14,109,000. MILLENNIUM MANAGEMENT LLC acquired a new stake in GMAB for approximately $4,903,000. HUDSON BAY CAPITAL MANAGEMENT LP purchased a new stake in GMAB valued at around $3,095,000 in the second quarter. In total, there are 232 active investors with 6.90% ownership of the company’s stock.
Genmab A/S (NASDAQ: GMAB) opened at $41.29 on Wednesday. During the past 12 months, Genmab A/S has had a low of $26.19 and a high of $47.50. As of last week, the company has a debt-to-equity ratio of 0.02, a current ratio of 9.60, and a quick ratio of 9.60. The fifty day moving average price for GMAB is $43.18 and a two-hundred day moving average price translates $36.44 for the stock.
The latest earnings results from Genmab A/S (NASDAQ: GMAB) was released for Jun, 2022. According to the Biotechnology Company, earnings per share came in at $0.41, missing analysts’ expectations of $1.55 by -1.14. This compares to $0.21 EPS in the same period last year. The net profit margin was 47.20% and return on equity was 23.50% for GMAB. The company reported revenue of $552.97 million for the quarter, compared to $366.37 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 50.93 percent. For the current quarter, analysts expect GMAB to generate $464.26M in revenue.
Genmab A/S(GMAB) Company Profile
Genmab A/S develops antibody therapeutics for the treatment of cancer and other diseases primarily in Denmark. The company markets DARZALEX, a human monoclonal antibody for the treatment of patients with multiple myeloma (MM); teprotumumab for the treatment of thyroid eye disease; ofatumurnab, a human monoclonal antibody to treat chronic lymphocytic leukemia (CLL) and multiple sclerosis; and Amivantamab for advanced or metastatic gastric or esophageal cancer and NSCLC. Its products include daratumumab to treat MM, non-MM blood cancers, and AL amyloidosis; GEN1047; tisotumab vedotin for treating cervical, ovarian, and solid cancers; DuoBody-PD-L1x4-1BB, and DuoBody-CD40x4-1BB for treating solid tumors; Epcoritamab for relapsed/refractory diffuse large B-cell lymphoma and chronic lymphocytic leukemia; and HexaBody-CD38 and DuoHexaBody-CD37 for treating hematological malignancies. The company’s also develops products, which is in Phase 2 comprise Teclistamab for vaso-occlusive crises; Camidanlumab tesirine to treat hodgkin lymphoma and solid tumors; JNJ-64007957 and JNJ-64407564 to treat MM; PRV-015 for treating celiac disease; Mim8 for treating haemophilia A; and Lu AF82422 for treating multiple system atrophy disease. In addition, it has approximately 20 active pre-clinical programs. The company has a commercial license and collaboration agreement with Seagen Inc. to co-develop tisotumab vedotin. It also has a collaboration agreement with CureVac AG for the research and development of differentiated mRNA-based antibody products; AbbVie for the development of epcoritamab; and collaborations with BioNTech, Janssen, Novo Nordisk A/S, BliNK Biomedical SAS, and Bolt Biotherapeutics, Inc. Genmab A/S was founded in 1999 and is headquartered in Copenhagen, Denmark.
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