5 Biotech Stocks Popular On Reddit

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In this article, we discuss the 5 biotech stocks popular on Reddit. If you want to read our detailed analysis of these stocks, go directly to the 11 Biotech Stocks Popular On Reddit.

5. Agenus Inc. (NASDAQ: AGEN)

Number of Hedge Fund Holders: 12

Price as of August 16: $5.91

Agenus Inc. (NASDAQ: AGEN) ranks 5th on the list of 11 biotech stocks popular on Reddit. The Massachusetts-based biotech firm develops immuno-oncology therapeutics. The company was founded in 1994 and was formerly called Antigenics Inc.

Agenus Inc. (NASDAQ: AGEN) saw its stock rise by 22% on May 18 after the company announced an exclusive partnership with drugmaker Bristol-Myers Squibb Company (NYSE: BMY) that could be worth more than $1.5 billion. In July, Agenus Inc. (NASDAQ: AGEN) received $200 million as part of its agreement with Bristol-Myers Squibb Company (NYSE: BMY) for bispecific antibody development. The stock has gained 50% in the last three months.

The company has a market cap of $1.37 billion. In the second quarter of 2021, Agenus Inc. (NASDAQ: AGEN) reported an EPS of -$0.37. The company’s revenue in the second quarter was $10.37 million. At the end of the second quarter, the company has a cash balance of $74 million. 

At the end of the first quarter of 2021, 12 hedge funds in the database of Insider Monkey held stakes worth $48.9 million in Agenus Inc. (NASDAQ: AGEN), up from 11 in the preceding quarter worth $49.4 million. 

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