According to Zacks, “XBiotech Inc. is a biopharmaceutical company. The Company is engaged in discovering and developing True Human(TM) monoclonal antibodies for treating diseases. XBiotech Inc. is based in AUSTIN, United States. “
Other equities research analysts have also issued reports about the stock. ValuEngine lowered shares of XBiotech from a buy rating to a hold rating in a report on Thursday, August 1st. BidaskClub raised XBiotech from a hold rating to a buy rating in a report on Wednesday, August 21st. Finally, Piper Jaffray Companies assumed coverage on XBiotech in a report on Friday, June 14th. They issued an overweight rating and a $13.00 price objective for the company.
Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of XBiotech by 1,037.4% in the 2nd quarter. BlackRock Inc. now owns 1,193,914 shares of the biopharmaceutical company’s stock valued at $9,049,000 after purchasing an additional 1,088,946 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of XBiotech by 35.9% during the 2nd quarter. Vanguard Group Inc. now owns 982,420 shares of the biopharmaceutical company’s stock worth $7,447,000 after buying an additional 259,660 shares during the period. Sofinnova Investments Inc. lifted its position in shares of XBiotech by 26.9% during the 2nd quarter. Sofinnova Investments Inc. now owns 331,811 shares of the biopharmaceutical company’s stock valued at $2,515,000 after buying an additional 70,420 shares in the last quarter. Marshall Wace LLP acquired a new stake in XBiotech in the 1st quarter valued at $682,000. Finally, Strs Ohio acquired a new stake in XBiotech in the 2nd quarter valued at $357,000. 10.75% of the stock is currently owned by institutional investors and hedge funds.
XBiotech Inc, a pre-market biopharmaceutical company, engages in discovering and developing True Human monoclonal antibodies for treating various diseases. The company's lead product is bermekimab, a therapeutic antibody that neutralizes interleukin-1 alpha, which has completed Phase III clinical trial in Europe for the treatment of symptomatic and advanced colorectal cancer.
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