ARGENX SE-ADR (ARGX) Upgraded by Zacks Investment Research to “Buy”

ARGENX SE-ADR (NASDAQ:ARGX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday, October 31st. The brokerage presently has a $26.00 price objective on the stock. Zacks Investment Research‘s price target suggests a potential upside of 7.48% from the stock’s previous close.

According to Zacks, “argenx SE is a biopharmaceutical company. It focuses on developing antibody-based therapies for the treatment of autoimmune diseases and cancer. The company’s product pipeline consists of ARGX-113, ARGX-110 and ARGX-111 which are in clinical trials. argenx SE is based in Breda, the Netherlands. “

Separately, Cowen and Company reaffirmed a “buy” rating on shares of ARGENX SE-ADR in a report on Thursday, August 24th.

Shares of ARGENX SE-ADR (ARGX) traded down $0.15 during midday trading on Tuesday, reaching $24.19. 23,278 shares of the company’s stock were exchanged, compared to its average volume of 51,644. ARGENX SE-ADR has a 1 year low of $17.33 and a 1 year high of $27.25.

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A number of institutional investors have recently bought and sold shares of the business. Alyeska Investment Group L.P. grew its position in ARGENX SE-ADR by 1.8% in the third quarter. Alyeska Investment Group L.P. now owns 121,313 shares of the company’s stock worth $2,743,000 after buying an additional 2,167 shares during the last quarter. Nicholas Investment Partners LP acquired a new position in ARGENX SE-ADR in the 2nd quarter worth approximately $236,000. DAFNA Capital Management LLC acquired a new position in ARGENX SE-ADR in the 2nd quarter worth approximately $848,000. Artal Group S.A. acquired a new position in ARGENX SE-ADR in the 3rd quarter worth approximately $1,229,000. Finally, Tekla Capital Management LLC acquired a new position in ARGENX SE-ADR in the 2nd quarter worth approximately $1,591,000. Hedge funds and other institutional investors own 24.68% of the company’s stock.

ARGENX SE-ADR 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 clinical stage product candidates include ARGX-113, a product in Phase 2 clinical trials for the treatment of autoimmune diseases, including myasthenia gravis and immune thrombocytopenia; and ARGX-110, which is in Phase 1/2 clinical trials for the treatment of hematological cancers, such as T-cell lymphoma, acute myeloid leukemia, and myelodysplastic syndrome.

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