In a report released yesterday, Boris Peaker from Cowen & Co. maintained a Buy rating on MacroGenics (MGNX). The company’s shares closed yesterday at $15.17.
According to TipRanks.com, Peaker is a 4-star analyst with an average return of 3.5% and a 41.3% success rate. Peaker covers the Healthcare sector, focusing on stocks such as Iovance Biotherapeutics Inc, Stemline Therapeutics Inc, and Mersana Therapeutics Inc.
Currently, the analyst consensus on MacroGenics is a Moderate Buy with an average price target of $28.40.
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Based on MacroGenics’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $45.02 million. In comparison, last year the company had a GAAP net loss of $43.24 million.
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MacroGenics, Inc. is a clinical-stage biopharmaceutical company, which engages in discovering and developing antibody-based therapeutics designed to modulate the human immune response for the treatment of cancer. 2.
