Envestnet Asset Management Inc. Has $14.42 Million Stake in Genmab A/S Sponsored ADR (NASDAQ:GMAB)

Envestnet Asset Management Inc. grew its position in shares of Genmab A/S Sponsored ADR (NASDAQ:GMABFree Report) by 1.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 736,326 shares of the company’s stock after buying an additional 12,545 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Genmab A/S were worth $14,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its holdings in Genmab A/S by 295.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,257 shares of the company’s stock worth $26,000 after purchasing an additional 939 shares during the last quarter. Barclays PLC lifted its holdings in Genmab A/S by 1,072.8% in the 4th quarter. Barclays PLC now owns 2,498 shares of the company’s stock worth $52,000 after purchasing an additional 2,285 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Genmab A/S in the 4th quarter worth approximately $60,000. Aquatic Capital Management LLC acquired a new stake in Genmab A/S in the 4th quarter worth approximately $114,000. Finally, Blue Trust Inc. lifted its holdings in Genmab A/S by 169.9% in the 1st quarter. Blue Trust Inc. now owns 7,413 shares of the company’s stock worth $145,000 after purchasing an additional 4,666 shares during the last quarter. 7.07% of the stock is currently owned by institutional investors and hedge funds.

Genmab A/S Stock Down 0.6%

Shares of NASDAQ GMAB opened at $21.88 on Friday. The business’s 50 day moving average is $21.18 and its two-hundred day moving average is $20.78. The company has a market cap of $14.04 billion, a P/E ratio of 12.43, a P/E/G ratio of 6.69 and a beta of 0.94. Genmab A/S Sponsored ADR has a 12 month low of $17.24 and a 12 month high of $28.56.

Genmab A/S (NASDAQ:GMABGet Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.23 by $0.08. The company had revenue of $715.00 million for the quarter, compared to the consensus estimate of $5.17 billion. Genmab A/S had a return on equity of 18.08% and a net margin of 35.11%. Sell-side analysts expect that Genmab A/S Sponsored ADR will post 1.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GMAB. Wall Street Zen upgraded Genmab A/S from a “hold” rating to a “buy” rating in a report on Saturday, July 12th. Truist Financial boosted their target price on Genmab A/S from $45.00 to $46.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. HC Wainwright restated a “buy” rating and issued a $37.00 target price (down from $50.00) on shares of Genmab A/S in a report on Wednesday, April 9th. Finally, Sanford C. Bernstein lowered Genmab A/S from a “market perform” rating to an “underperform” rating in a report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $37.80.

Get Our Latest Stock Report on Genmab A/S

Genmab A/S Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Genmab A/S (NASDAQ:GMAB)

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