Genmab A/S (NASDAQ:GMAB) Receives an Average Analyst Rating of “Hold”

Genmab A/S Shares (NASDAQ: GMAB – Get a rating) received a consensus recommendation of “Hold” by the twelve brokerages that currently cover the stock, reports MarketBeat Ratings. One analyst rated the stock with a sell rating, seven gave the company a hold rating and two gave the company a buy rating. The average 1-year price target among brokerages that have reported on the stock in the past year is $547.62.

Several equity analysts have recently weighed in on GMAB shares. TheStreet upgraded Genmab A/S shares from a “c+” rating to a “b” rating in a Wednesday, August 31 research report. SVB Leerink raised its price target on Genmab A/S shares from $30.00 to $31.00 and gave the company a “market performance” rating in a research report Thursday, August 11. Morgan Stanley raised its price target on Genmab A/S shares from $29.00 to $31.00 and gave the company an “underweight” rating in a research report on Monday, August 15. HC Wainwright raised its price target on Genmab A/S shares from $49.00 to $51.00 and gave the company a “buy” rating in a Monday, August 22 research report. Finally, BMO Capital Markets began covering Genmab A/S shares in a research note on Thursday, June 23. They issued a “market performance” rating and a price target of $34.73 on the stock.

Genmab A/S trades up 0.1%

GMAB shares opened at $36.46 on Friday. Genmab A/S has a 12-month low of $26.19 and a 12-month high of $47.28. The company has a fifty-day simple moving average of $35.65 and a 200-day simple moving average of $33.88. The stock has a market capitalization of $23.99 billion, a price/earnings ratio of 40.51, a PEG ratio of 1.36 and a beta of 0.85.

Genmab A/S (NASDAQ: GMAB – Get a rating) last released its quarterly results on Wednesday, August 10. The company reported earnings per share (EPS) of $0.41 for the quarter, beating the consensus estimate of $0.21 by $0.20. Genmab A/S achieved a net margin of 38.42% and a return on equity of 17.12%. The company posted revenue of $452.86 million for the quarter, versus analyst estimates of $435.40 million. As a group, research analysts predict that Genmab A/S will post 1.02 earnings per share for the current fiscal year.

Institutional investors weigh in on Genmab A/S

A number of hedge funds have recently changed their positions in the stock. Private Capital Group LLC increased its stake in Genmab A/S by 14.1% in the 2nd quarter. Private Capital Group LLC now owns 2,677 shares of the company valued at $87,000 after buying 331 additional shares in the last quarter. Wetherby Asset Management Inc. increased its holdings in Genmab A/S by 2.6% in the fourth quarter. Wetherby Asset Management Inc. now owns 14,389 shares of the company valued at $569,000 after buying 358 additional shares in the last quarter. Private Advisor Group LLC increased its stake in Genmab A/S by 2.0% in the 2nd quarter. Private Advisor Group LLC now owns 20,522 shares of the company valued at $666,000 after buying 403 additional shares in the last quarter. Cim LLC increased its stake in Genmab A/S by 1.7% in the 1st quarter. Cim LLC now owns 27,994 shares of the company valued at $1,002,000 after purchasing an additional 465 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in Genmab A/S by 9.3% in the 1st quarter. SG Americas Securities LLC now owns 6,050 shares of the company valued at $219,000 after purchasing an additional 513 shares in the last quarter. 5.51% of the shares are currently held by institutional investors and hedge funds.

About Genmab A/S

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Genmab A/S develops therapeutic antibodies 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.

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Analyst Recommendations for Genmab A/S (NASDAQ: GMAB)

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