Monday, 23 October, 2017

Seattle Genetics, Inc. (SGEN) Given a $46.00 Price Target at Cantor Fitzgerald

Conrad Doyle | 12 October, 2017, 21:53

Shell Asset Management Co sold 20,404 shares as the company's stock rose 1.68% with the market.

Seattle Genetics, Inc. (SGEN) stock price is growing 6.51% to $61.47.

Seattle Genetics, Inc. (SGEN)'s RSI (Relative Strength Index) is 78.36. Estimates have remained stable ahead of the Q3 earnings results.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SGEN.

Jgp Global Gestao De Recursos Ltda increased Seattle Genetics Inc (SGEN) stake by 205.21% reported in 2017Q2 SEC filing. At present, 9 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data. According to First Call, the consensus price target for the company is $40.03. (NASDAQ:SGEN) has "Hold" rating given on Thursday, June 15 by Oppenheimer. The lowest target is $99.0 while the high is $100.0. The firm has a 50-day moving average price of $53.05 and a 200 day moving average price of $57.64. Kessler Investment Group Llc who had been investing in General Electric Co for a number of months, seems to be bullish on the $198.96B market cap company. Jefferies Group LLC reaffirmed a "buy" rating and set a $53.00 price objective on shares of Seattle Genetics in a research note on Thursday, July 27th. For the quarter, shares are performing at 7.40%. The business had revenue of $108.20 million during the quarter, compared to analysts' expectations of $105.92 million. Return on equity (ROE) is -32.90%. Breaking that down further, it has performed 32.97% for the week, 37.82% for the month, 88.33% over the last quarter, 62.35% for the past half-year and 62.79% for this a year ago. As of the last earnings report the EPS was $-1.43 and is projected to be $-1.69 for the current year with 143,027,000 shares presently outstanding. The stock of Seattle Genetics, Inc. About shares traded. Seattle Genetics, Inc. Recently, investment analysts covering the stock have updated the mean rating to 2.5. If you are viewing this article on another domain, it was illegally stolen and republished in violation of global copyright & trademark legislation. (NASDAQ:SGEN) has "Neutral" rating given on Thursday, September 15 by Goldman Sachs. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10,423 shares were sold by SIEGALL CLAY B, worth $679,698 on Monday, June 5. The stock was sold at an average price of $48.91, for a total transaction of $509,299.83. The disclosure for this sale can be found here. Insiders have sold 164,929 shares of company stock valued at $8,342,308 over the last quarter. Wells Fargo & Mn owns 267,976 shares. This represents a change from most recent open price of 6.55%. BlackRock Inc. increased its holdings in shares of Seattle Genetics by 6,338.2% during the first quarter. They expect $-0.42 earnings per share, down 82.61% or $0.19 from last year's $-0.23 per share. Parametric Portfolio Associates LLC raised its holdings in Seattle Genetics by 27.5% in the first quarter. This difference between the high and low classifies the stock as one of the day's most volatile. Capital International Investors now owns 2,724,589 shares of the biotechnology company's stock valued at $140,970,000 after purchasing an additional 695,986 shares during the period. Moreover, Toronto Dominion Retail Bank has 0% invested in Seattle Genetics, Inc. Janus Capital Management LLC now owns 527,400 shares of the biotechnology company's stock valued at $33,153,000 after acquiring an additional 402,200 shares in the last quarter. Moving averages are used as a strong indicator for technical stock analysis and it helps investors in figuring out where the stock has been and also facilitate in determining where it may be possibly heading. (NASDAQ:SGEN) were released by: Nasdaq.com and their article: "Seattle Genetics' Adcetris Gets Breakthrough Therapy Status" published on October 03, 2017 as well as Nasdaq.com's news article titled: "Seattle Genetics' ADCETRIS Gets FDA Breakthrough Therapy Designation" with publication date: October 02, 2017. The Company is engaged in the development and sale of pharmaceutical products on its own behalf or in collaboration with others. The company has market cap of $27.30 billion.

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