argenx SE – American Depositary Shares (ARGX) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of argenx SE – American Depositary Shares (NASDAQ:ARGX) from a buy rating to a hold rating in a research note issued to investors on Friday morning.

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. “

A number of other research firms have also issued reports on ARGX. Piper Jaffray Companies raised their target price on argenx SE – American Depositary Shares to $100.00 and gave the company an overweight rating in a report on Tuesday, December 19th. Wedbush reaffirmed an outperform rating and issued a $41.00 target price (up previously from $26.00) on shares of argenx SE – American Depositary Shares in a report on Thursday, November 16th. They noted that the move was a valuation call. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. argenx SE – American Depositary Shares currently has a consensus rating of Buy and a consensus target price of $62.75.

argenx SE – American Depositary Shares (NASDAQ ARGX) traded up $1.05 on Friday, reaching $66.33. The company’s stock had a trading volume of 179,483 shares, compared to its average volume of 199,109. argenx SE – American Depositary Shares has a 12-month low of $17.33 and a 12-month high of $71.40.

Several large investors have recently made changes to their positions in ARGX. Franklin Resources Inc. acquired a new stake in shares of argenx SE – American Depositary Shares during the 2nd quarter worth approximately $7,424,000. Nicholas Investment Partners LP acquired a new stake in shares of argenx SE – American Depositary Shares during the 2nd quarter worth approximately $236,000. FMR LLC acquired a new stake in shares of argenx SE – American Depositary Shares during the 2nd quarter worth approximately $15,990,000. FIL Ltd acquired a new stake in shares of argenx SE – American Depositary Shares during the 2nd quarter worth approximately $3,182,000. Finally, VHCP Management II LLC acquired a new stake in shares of argenx SE – American Depositary Shares during the 2nd quarter worth approximately $13,615,000. 21.59% of the stock is currently owned by institutional investors.

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About argenx SE – American Depositary Shares

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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