Genmab A/S (NASDAQ:GMAB – Get Free Report)‘s stock had its “buy” rating reissued by equities researchers at HC Wainwright in a research report issued to clients and investors on Friday, Benzinga reports. They presently have a $50.00 price target on the stock. HC Wainwright’s price objective points to a potential upside of 89.18% from the company’s current price.
Several other equities research analysts have also issued reports on the stock. BTIG Research lifted their price objective on shares of Genmab A/S from $46.00 to $47.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Royal Bank of Canada raised shares of Genmab A/S from a “sector perform” rating to an “outperform” rating in a research note on Monday, July 15th. Finally, Truist Financial boosted their price target on shares of Genmab A/S from $50.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. Three analysts have rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Genmab A/S currently has an average rating of “Hold” and an average target price of $49.50.
View Our Latest Report on GMAB
Genmab A/S Price Performance
Institutional Investors Weigh In On Genmab A/S
A number of institutional investors and hedge funds have recently made changes to their positions in GMAB. NewEdge Wealth LLC increased its holdings in Genmab A/S by 50.7% in the fourth quarter. NewEdge Wealth LLC now owns 119,989 shares of the company’s stock valued at $3,820,000 after purchasing an additional 40,382 shares during the last quarter. SG Americas Securities LLC increased its holdings in Genmab A/S by 360.5% in the first quarter. SG Americas Securities LLC now owns 29,500 shares of the company’s stock valued at $882,000 after purchasing an additional 23,094 shares during the last quarter. Harding Loevner LP increased its holdings in Genmab A/S by 2.7% in the fourth quarter. Harding Loevner LP now owns 3,289,895 shares of the company’s stock valued at $97,569,000 after purchasing an additional 85,665 shares during the last quarter. Capital International Investors increased its holdings in Genmab A/S by 7.8% in the first quarter. Capital International Investors now owns 4,373,277 shares of the company’s stock valued at $130,805,000 after purchasing an additional 315,355 shares during the last quarter. Finally, Aigen Investment Management LP bought a new stake in Genmab A/S in the fourth quarter valued at about $1,143,000. Institutional investors own 7.07% of the company’s stock.
About Genmab A/S
Genmab A/S develops antibody therapeutics 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; and Amivantamab for advanced or metastatic gastric or esophageal cancer and NSCLC.
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