Piper Jaffray Companies reaffirmed their buy rating on shares of Xencor, Inc. (NASDAQ:XNCR) in a research note issued to investors on Sunday. They currently have a $35.00 price objective on the biopharmaceutical company’s stock.
Other equities research analysts also recently issued reports about the company. Zacks Investment Research downgraded Xencor from a hold rating to a sell rating in a research note on Friday, August 11th. Canaccord Genuity restated a buy rating and set a $36.00 price target on shares of Xencor in a research note on Tuesday, August 8th. ValuEngine downgraded Xencor from a hold rating to a sell rating in a research note on Monday, October 23rd. Finally, BidaskClub downgraded Xencor from a hold rating to a sell rating in a research note on Monday, August 14th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Xencor currently has a consensus rating of Hold and a consensus target price of $30.25.
Xencor (NASDAQ XNCR) opened at $20.29 on Friday. Xencor has a 52-week low of $18.55 and a 52-week high of $29.38.
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In related news, major shareholder John S. Stafford III acquired 43,500 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The stock was bought at an average cost of $19.93 per share, for a total transaction of $866,955.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder John S. Stafford III acquired 41,016 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were bought at an average price of $19.69 per share, with a total value of $807,605.04. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 405,933 shares of company stock valued at $8,087,759. Corporate insiders own 4.14% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Equitec Specialists LLC bought a new position in shares of Xencor during the 2nd quarter valued at approximately $116,000. Great West Life Assurance Co. Can grew its stake in shares of Xencor by 158.9% during 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 acquiring an additional 4,005 shares during the period. SG Americas Securities LLC grew its stake in shares of Xencor by 62.6% during the 2nd quarter. SG Americas Securities LLC now owns 8,447 shares of the biopharmaceutical company’s stock valued at $178,000 after acquiring an additional 3,252 shares during the period. Principal Financial Group Inc. bought a new position in shares of Xencor during the 3rd quarter valued at approximately $201,000. Finally, Legal & General Group Plc grew its stake in shares of Xencor by 4.5% during the 2nd quarter. Legal & General Group Plc now owns 8,978 shares of the biopharmaceutical company’s stock valued at $189,000 after acquiring an additional 385 shares during the period. Institutional investors own 76.70% of the company’s stock.
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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