Brokerages forecast that argenx SE – (NASDAQ:ARGX) will report $16.30 million in sales for the current quarter, Zacks reports. Five analysts have issued estimates for argenx’s earnings, with estimates ranging from $8.96 million to $25.99 million. The business is scheduled to report its next earnings report before the market opens on Thursday, August 1st.

On average, analysts expect that argenx will report full year sales of $87.12 million for the current year, with estimates ranging from $57.68 million to $123.19 million. For the next year, analysts anticipate that the company will post sales of $65.88 million, with estimates ranging from $28.03 million to $129.95 million. Zacks’ sales calculations are an average based on a survey of research firms that cover argenx.

Several equities research analysts have weighed in on the company. Robert W. Baird set a $25.00 target price on Actuant and gave the stock a “buy” rating in a research report on Thursday, June 27th. Stifel Nicolaus set a $154.00 target price on argenx and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. Zacks Investment Research raised Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Tuesday, July 16th. Finally, Piper Jaffray Companies set a $46.00 target price on Hormel Foods and gave the stock a “buy” rating in a research report on Thursday, May 23rd. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. argenx presently has an average rating of “Buy” and a consensus target price of $149.91.

Several institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC boosted its stake in argenx by 6.1% during the first quarter. FMR LLC now owns 3,699,956 shares of the company’s stock valued at $461,903,000 after buying an additional 212,904 shares in the last quarter. Redmile Group LLC boosted its stake in argenx by 6.0% during the first quarter. Redmile Group LLC now owns 1,019,061 shares of the company’s stock valued at $127,220,000 after buying an additional 58,100 shares in the last quarter. Artisan Partners Limited Partnership boosted its stake in argenx by 143.6% during the first quarter. Artisan Partners Limited Partnership now owns 770,336 shares of the company’s stock valued at $96,169,000 after buying an additional 454,046 shares in the last quarter. Jennison Associates LLC boosted its stake in argenx by 0.6% during the first quarter. Jennison Associates LLC now owns 509,868 shares of the company’s stock valued at $63,652,000 after buying an additional 2,897 shares in the last quarter. Finally, BlackRock Inc. bought a new position in argenx during the fourth quarter valued at about $23,999,000. 68.03% of the stock is currently owned by institutional investors.

NASDAQ ARGX traded up $2.24 during trading hours on Thursday, hitting $142.50. The company had a trading volume of 111,381 shares, compared to its average volume of 114,010. argenx has a fifty-two week low of $63.81 and a fifty-two week high of $150.92. The business has a fifty day moving average of $137.31. The company has a market cap of $4.58 billion, a price-to-earnings ratio of -60.64 and a beta of 1.18.

argenx Company Profile

argenx SE, a clinical-stage biopharmaceutical company, focuses on developing antibody-based therapies for the treatment of autoimmune diseases and cancer. The company's lead product candidates include ARGX-113 that completed Phase 2 clinical trials for the treatment of autoimmune diseases, including myasthenia gravis, immune thrombocytopenia, and pemphigus vulgaris; and ARGX-110, which is in Phase 1/2 clinical trials for the treatment of T-cell lymphoma, acute myeloid leukemia, and myelodysplastic syndrome.

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Earnings History and Estimates for argenx (NASDAQ:ARGX)

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