Guggenheim Begins Coverage on Genmab A/S (NASDAQ:GMAB)

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Guggenheim initiated coverage on shares of Genmab A/S (NASDAQ:GMAB) in a research note issued to investors on Monday, BenzingaRatingsTable reports. The firm issued a buy rating on the stock.

Other research analysts have also issued reports about the stock. Morgan Stanley began coverage on shares of Genmab A/S in a research report on Monday. They issued an overweight rating for the company. Royal Bank of Canada began coverage on shares of Genmab A/S in a research report on Monday. They issued an outperform rating and a $23.00 target price for the company.

Shares of NASDAQ:GMAB opened at $19.89 on Monday. Genmab A/S has a 52-week low of $12.10 and a 52-week high of $21.45.

An institutional investor recently bought a new position in Genmab A/S stock. Parametric Portfolio Associates LLC bought a new position in Genmab A/S (NASDAQ:GMAB) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 375,476 shares of the company’s stock, valued at approximately $6,937,000. Parametric Portfolio Associates LLC owned approximately 0.29% of Genmab A/S as of its most recent filing with the Securities & Exchange Commission. 0.80% of the stock is currently owned by institutional investors.

Genmab A/S Company Profile

Genmab A/S, a biotechnology company, develops antibody therapeutics for the treatment of cancer primarily in Denmark. The company markets DARZALEX, a human IgG1k monoclonal antibody for the treatment of patients with multiple myeloma (MM); and Arzerra, a human IgG1k monoclonal antibody for the treatment of chronic lymphocytic leukemia (CLL).

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