ImmunoGen, Inc. (NASDAQ:IMGN) Director Daniel M. Junius sold 46,667 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $10.01, for a total transaction of $467,136.67. Following the sale, the director now directly owns 243,367 shares in the company, valued at $2,436,103.67. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of ImmunoGen, Inc. (NASDAQ:IMGN) traded up $0.35 during midday trading on Thursday, reaching $10.15. 2,414,600 shares of the company traded hands, compared to its average volume of 3,315,400. The company has a market capitalization of $1,340.00, a price-to-earnings ratio of -9.95 and a beta of 2.50. ImmunoGen, Inc. has a fifty-two week low of $2.40 and a fifty-two week high of $10.66. The company has a debt-to-equity ratio of -0.03, a quick ratio of 2.78 and a current ratio of 2.81.
ImmunoGen (NASDAQ:IMGN) last issued its earnings results on Friday, February 9th. The biotechnology company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.03). The company had revenue of $39.40 million for the quarter, compared to analyst estimates of $39.62 million. The firm’s quarterly revenue was up 185.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.39) earnings per share. equities analysts anticipate that ImmunoGen, Inc. will post -1.04 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. raised its holdings in ImmunoGen by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 331,898 shares of the biotechnology company’s stock worth $2,360,000 after buying an additional 1,919 shares during the last quarter. TIAA CREF Investment Management LLC raised its holdings in ImmunoGen by 3.1% during the second quarter. TIAA CREF Investment Management LLC now owns 252,260 shares of the biotechnology company’s stock worth $1,794,000 after buying an additional 7,658 shares during the last quarter. Vanguard Group Inc. raised its holdings in ImmunoGen by 3.4% during the second quarter. Vanguard Group Inc. now owns 4,248,688 shares of the biotechnology company’s stock worth $30,209,000 after buying an additional 138,257 shares during the last quarter. FMR LLC raised its holdings in ImmunoGen by 598.9% during the second quarter. FMR LLC now owns 5,605,285 shares of the biotechnology company’s stock worth $39,854,000 after buying an additional 4,803,256 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its holdings in ImmunoGen by 130.1% during the second quarter. Parametric Portfolio Associates LLC now owns 88,553 shares of the biotechnology company’s stock worth $630,000 after buying an additional 50,061 shares during the last quarter. 67.97% of the stock is currently owned by institutional investors and hedge funds.
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ImmunoGen, Inc is a clinical-stage biotechnology company that develops targeted cancer therapeutics using its antibody-drug conjugate (ADC) technology. An ADC with the Company’s technology comprises an antibody that binds to a target found on tumor cells conjugated to one of its anti-cancer agents as a payload to kill the tumor cell once the ADC has bound to its target.
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