BidaskClub Upgrades Agenus (AGEN) to Hold

BidaskClub upgraded shares of Agenus (NASDAQ:AGEN) from a sell rating to a hold rating in a report issued on Saturday morning.

A number of other analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Agenus from a hold rating to a buy rating and set a $4.25 price target for the company in a research report on Wednesday, October 25th. ValuEngine downgraded shares of Agenus from a sell rating to a strong sell rating in a research report on Friday, December 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $5.81.

Shares of Agenus (NASDAQ AGEN) opened at $4.35 on Friday. Agenus has a 1 year low of $3.20 and a 1 year high of $5.45. The company has a debt-to-equity ratio of -2.39, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market cap of $435.80, a P/E ratio of -3.72 and a beta of 2.10.

In other news, insider Karen Valentine sold 8,358 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $3.46, for a total transaction of $28,918.68. Following the completion of the sale, the insider now owns 109,879 shares of the company’s stock, valued at $380,181.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 20,514 shares of company stock valued at $70,978 in the last three months. Corporate insiders own 7.60% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC acquired a new position in Agenus in the fourth quarter worth $124,000. Raymond James & Associates acquired a new position in Agenus in the fourth quarter worth $130,000. Cubist Systematic Strategies LLC acquired a new position in Agenus in the third quarter worth $134,000. OxFORD Asset Management LLP acquired a new position in Agenus in the second quarter worth $141,000. Finally, Voya Investment Management LLC boosted its holdings in Agenus by 18.5% in the second quarter. Voya Investment Management LLC now owns 40,855 shares of the biotechnology company’s stock worth $160,000 after purchasing an additional 6,381 shares during the period. 37.35% of the stock is owned by hedge funds and other institutional investors.

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About Agenus

Agenus Inc (Agenus) is an immuno-oncology (I-O) company. The Company focuses on the discovery and development of therapies that engage the body’s immune system to fight cancer. It is developing a I-O portfolio driven by platforms and programs, such as antibody discovery platforms, including Retrocyte Display, SECANT yeast display and phage display technologies designed to produce human antibodies; antibody candidate programs, including checkpoint modulator (CPM) programs; vaccine programs, including Prophage, AutoSynVax and PhosPhoSynVax, and saponin-based vaccine adjuvants, principally QS-21 Stimulon adjuvant (QS-21 Stimulon).

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