Thursday, August 4 2022

Sumitomo Mitsui Financial Group stock analysts initiated a hedge on the shares of Xencor (NASDAQ:XNCR) in a note released Friday to investors, Briefing.com reports. The company has set an “outperform” rating and a price target of $60.00 on shares of the biopharmaceutical company. Sumitomo Mitsui Financial Group’s target price suggests a potential upside of 72.27% from the company’s previous close.

Other equity research analysts have also recently published research reports on the company. BTIG Research reaffirmed a “buy” rating on Xencor shares in a Tuesday, November 9 research report. Guggenheim lowered its price target on Xencor from $57.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, September 28. Zacks Investment Research upgraded Xencor from a “buy” to a “hold” rating in a Friday, November 12 research note. Piper Sandler lowered its price target on Xencor from $75.00 to $71.00 and set an “overweight” rating for the company in a Tuesday, Nov. 9 research note. Finally, HC Wainwright began coverage of Xencor in a research note on Wednesday, December 15. They issued a “buy” rating and a price target of $61.00 for the company. One financial analyst has assigned the stock a sell rating, one has assigned a hold rating and nine have assigned the stock a buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $53.40.

The NASDAQ XNCR opened at $34.83 on Friday. The company has a market capitalization of $2.04 billion, a PE ratio of -348.30 and a beta of 0.76. The stock’s 50-day simple moving average is $37.40 and its 200-day simple moving average is $35.63. Xencor has a 1-year low of $30.12 and a 1-year high of $58.35.

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Xencor Inc (NASDAQ:XNCR) last reported results on Monday, November 8. The biopharmaceutical company reported ($0.69) EPS for the quarter, beating the Zacks consensus estimate of ($0.75) by $0.06. Xencor posted a negative return on equity of 0.68% and a negative net margin of 2.53%. The company posted revenue of $19.68 million for the quarter, versus a consensus estimate of $17.63 million. In the same quarter of the previous year, the company had earned a profit per share of ($0.22). Research analysts expect Xencor to post an EPS of 0.62 for the current fiscal year.

Separately, CMO Allen Yang sold 3,664 shares of the company in a trade on Friday, December 17. The stock was sold at an average price of $36.62, for a total transaction of $134,175.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this hyperlink. Insiders own 3.68% of the shares of the company.

Several institutional investors have recently bought and sold shares of the company. Baillie Gifford & Co. increased its equity stake in Xencor by 2,227.8% in the 4th quarter. Baillie Gifford & Co. now owns 29,307 shares of the biopharmaceutical company valued at $1,176,000 after purchasing an additional 28,048 shares in the last quarter. Segall Bryant & Hamill LLC increased its equity stake in Xencor by 2.7% in the third quarter. Segall Bryant & Hamill LLC now owns 93,656 shares of the biopharmaceutical company valued at $3,059,000 after buying 2,483 additional shares in the last quarter. Hudson Bay Capital Management LP increased its equity stake in Xencor by 32.6% in the third quarter. Hudson Bay Capital Management LP now owns 126,000 shares of the biopharmaceutical company valued at $4,115,000 after buying an additional 31,000 shares in the last quarter. Comerica Bank increased its stake in Xencor by 97.2% during the 3rd quarter. Comerica Bank now owns 107,212 shares of the biopharmaceutical company valued at $3,744,000 after acquiring 52,848 additional shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Xencor by 0.6% during the third quarter. Bank of New York Mellon Corp now owns 579,802 shares of the biopharmaceutical company valued at $18,936,000 after acquiring 3,393 additional shares in the last quarter. 98.16% of the shares are held by institutional investors and hedge funds.

Xencor Company Profile

Xencor, Inc is engaged in the development of therapeutic monoclonal antibodies designed to treat serious and life-threatening diseases. Its proprietary technology platform, XmAb, is used to create next-generation candidate antibodies designed to treat autoimmune and allergic diseases, cancer and other conditions.

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Analyst Recommendations for Xencor (NASDAQ: XNCR)

This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

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