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NASDAQ:LGND

Ligand Pharmaceuticals (LGND) Stock Price, News & Analysis

$108.99
-1.12 (-1.02%)
(As of 07/31/2024 ET)
Today's Range
$106.42
$112.13
50-Day Range
$77.82
$110.11
52-Week Range
$49.24
$112.13
Volume
138,116 shs
Average Volume
149,674 shs
Market Capitalization
$1.96 billion
P/E Ratio
21.08
Dividend Yield
N/A
Price Target
$127.25

Ligand Pharmaceuticals MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
16.8% Upside
$127.25 Price Target
Short Interest
Bearish
6.11% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.57
Upright™ Environmental Score
News Sentiment
0.38mentions of Ligand Pharmaceuticals in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$2.15 M Sold Last Quarter
Proj. Earnings Growth
29.94%
From $3.54 to $4.60 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.35 out of 5 stars

Medical Sector

147th out of 928 stocks

Pharmaceutical Preparations Industry

64th out of 434 stocks

LGND stock logo

About Ligand Pharmaceuticals Stock (NASDAQ:LGND)

Ligand Pharmaceuticals Incorporated, a biopharmaceutical company, engages in the development and licensing of biopharmaceutical assets worldwide. Its commercial programs include Kyprolis and Evomela, which are used to treat multiple myeloma; Rylaze, a recombinant erwinia asparaginase for the treatment of acute lymphoblastic leukemia or lymphoblastic lymphoma in adult and pediatric patients; Filspari, a dual endothelin and angiotensin II receptor antagonist in development for rare kidney diseases and non-immunosuppressive treatment indicated for immunoglobulin A nephropathy; Teriparatide injection product for osteoporosis; Vaxneuvance for the prevention of invasive disease caused by streptococcus pneumoniae serotypes; and Pneumosil, a pneumococcal conjugate vaccine to help fight against pneumococcal pneumonia among children. The company also offers TZIELD, a CD3-directed antibody indicated to delay the onset of Stage 3 type 1 diabetes (T1D) in adults and children aged 8 years and older with Stage 2 T1D; Nexterone, a captisol-enabled formulation of amiodarone; Zulresso, a captisol-enabled formulation of brexanolone for the treatment of postpartum depression; and Veklury, an antiviral treatment for moderate or severe COVID-19. In addition, it provides Noxafil-IV, a captisol-enabled formulation of posaconazole for IV use; Duavee for the treatment of post-menopausal symptoms in women; Exemptia for autoimmune diseases; Vivitra for breast cancer; and Bryxta and Zybev for various indications. The company has alliances, licenses, and other business relationships with Amgen, Merck, Pfizer, Jazz, Takeda, Gilead Sciences, and Baxter International. Further, it sells Captisol materials. Ligand Pharmaceuticals Incorporated was incorporated in 1987 and is based in Jupiter, Florida.

LGND Stock Price History

LGND Stock News Headlines

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Not every investor is in the market for the long haul. Some prefer short time frames and volatile stocks, looking to make a profit in days or weeks rather than years.
J.P. Morgan’s DIRE Warning
When the largest bank in the U.S. says a crisis is coming - you NEED to listen. The Wall Street Journal warns, "America's bonds are getting harder to sell."
LGND Aug 2024 65.000 put
LGND Aug 2024 50.000 put
J.P. Morgan’s DIRE Warning
When the largest bank in the U.S. says a crisis is coming - you NEED to listen. The Wall Street Journal warns, "America's bonds are getting harder to sell."
Ligand Pharmaceuticals Inc LGND
Ligand Moves to Strong Buy: Rationale Behind the Upgrade
See More Headlines
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Company Calendar

Last Earnings
5/07/2024
Today
7/31/2024
Next Earnings (Confirmed)
8/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Pharmaceutical preparations
Sub-Industry
Biotechnology
Current Symbol
NASDAQ:LGND
CUSIP
53220K50
Employees
58
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$127.25
High Stock Price Target
$144.00
Low Stock Price Target
$95.00
Potential Upside/Downside
+19.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$52.15 million
Pretax Margin
102.75%

Debt

Sales & Book Value

Annual Sales
$131.31 million
Cash Flow
$4.90 per share
Book Value
$40.39 per share

Miscellaneous

Free Float
16,938,000
Market Cap
$1.92 billion
Optionable
Optionable
Beta
1.01
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Key Executives

  • Mr. Matthew E. Korenberg (Age 49)
    President & COO
    Comp: $831.77k
  • Mr. Octavio Espinoza (Age 53)
    Chief Financial Officer
    Comp: $613.59k
  • Mr. Andrew T. Reardon J.D. (Age 49)
    Chief Legal Officer & Secretary
    Comp: $614.87k
  • Mr. Scott M. Plesha (Age 59)
    Chief Executive Officer
  • Mr. Paul J. Hadden
    Senior Vice President of Investments & Business Development
  • Simon Latimer
    Head of Investor Relations
  • Mr. Todd Pettingill
    Director of Corporate Development
  • Ms. Audrey Warfield-Graham
    Chief People Officer
  • Dr. Keith Marschke
    Senior Vice President of Biology & Scientific Affairs
  • Dr. Vincent D. Antle (Age 55)
    Senior Vice President of Technical Operations & QA - Capitsol

LGND Stock Analysis - Frequently Asked Questions

How have LGND shares performed this year?

Ligand Pharmaceuticals' stock was trading at $71.42 on January 1st, 2024. Since then, LGND shares have increased by 52.6% and is now trading at $108.99.
View the best growth stocks for 2024 here
.

How were Ligand Pharmaceuticals' earnings last quarter?

Ligand Pharmaceuticals Incorporated (NASDAQ:LGND) issued its quarterly earnings data on Tuesday, May, 7th. The biotechnology company reported $3.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $3.01. The business's revenue for the quarter was down 29.8% on a year-over-year basis.

What is John L. Higgins' approval rating as Ligand Pharmaceuticals' CEO?

1 employees have rated Ligand Pharmaceuticals Chief Executive Officer John L. Higgins on Glassdoor.com. John L. Higgins has an approval rating of 100% among the company's employees. This puts John L. Higgins in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Who are Ligand Pharmaceuticals' major shareholders?

Top institutional investors of Ligand Pharmaceuticals include Bank of New York Mellon Corp (0.81%), F M Investments LLC (0.75%), Allspring Global Investments Holdings LLC (0.55%) and Principal Financial Group Inc. (0.49%). Insiders that own company stock include John L Higgins, Matthew W Foehr, Matthew E Korenberg, Todd C Davis, John W Kozarich, Stephen L Sabba, Octavio Espinoza, Andrew Reardon and Nancy Ryan Gray.
View institutional ownership trends
.

How do I buy shares of Ligand Pharmaceuticals?

Shares of LGND stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Ligand Pharmaceuticals own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Ligand Pharmaceuticals investors own include Jazz Pharmaceuticals (JAZZ), Micron Technology (MU), NVIDIA (NVDA), Alibaba Group (BABA), Intel (INTC), AbbVie (ABBV) and Netflix (NFLX).

This page (NASDAQ:LGND) was last updated on 7/31/2024 by MarketBeat.com Staff

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