BNP Paribas Arbitrage SA bought a new stake in shares of Y-mAbs Therapeutics, Inc (NASDAQ:YMAB) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,447 shares of the company’s stock, valued at approximately $38,000.

Several other hedge funds have also added to or reduced their stakes in the company. Citigroup Inc. purchased a new position in Y-mAbs Therapeutics in the 4th quarter worth approximately $37,000. Strs Ohio purchased a new position in Y-mAbs Therapeutics in the 4th quarter worth approximately $38,000. American International Group Inc. purchased a new position in Y-mAbs Therapeutics in the 4th quarter worth approximately $93,000. Bank of America Corp DE raised its holdings in Y-mAbs Therapeutics by 3,056.5% in the 4th quarter. Bank of America Corp DE now owns 6,029 shares of the company’s stock worth $122,000 after acquiring an additional 5,838 shares during the last quarter. Finally, Deutsche Bank AG purchased a new position in Y-mAbs Therapeutics in the 4th quarter worth approximately $191,000. Hedge funds and other institutional investors own 24.80% of the company’s stock.

YMAB has been the subject of a number of recent analyst reports. HC Wainwright initiated coverage on shares of Y-mAbs Therapeutics in a report on Monday, April 1st. They issued a “buy” rating and a $36.00 price objective for the company. Zacks Investment Research upgraded shares of Y-mAbs Therapeutics from a “sell” rating to a “hold” rating in a report on Friday, March 15th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $30.80.

Shares of NASDAQ YMAB opened at $21.45 on Thursday. Y-mAbs Therapeutics, Inc has a twelve month low of $15.17 and a twelve month high of $31.00. The company has a market capitalization of $738.58 million and a P/E ratio of -14.30. The company has a quick ratio of 13.30, a current ratio of 13.30 and a debt-to-equity ratio of 0.02.

Y-mAbs Therapeutics (NASDAQ:YMAB) last announced its quarterly earnings data on Friday, March 22nd. The company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.11). Sell-side analysts expect that Y-mAbs Therapeutics, Inc will post -1.95 earnings per share for the current fiscal year.

In other Y-mAbs Therapeutics news, insider Thomas Gad sold 250,000 shares of the business’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $25.89, for a total transaction of $6,472,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders have sold 270,000 shares of company stock valued at $6,888,700.

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Y-mAbs Therapeutics Profile

Y-mAbs Therapeutics, Inc, a clinical-stage biopharmaceutical company, focuses on the development and commercialization of novel antibody-based therapeutic products for the treatment cancer in the United States. It is developing naxitamab for the treatment of pediatric patients with relapsed or refractory, high-risk neuroblastoma, as well as other GD2 positive tumors; and omburtamab for the treatment of pediatric patients with central nervous system, leptomeningeal metastases, desmoplastic small round cell tumors, diffuse intrinsic pontine glioma, and other B7-H3 positive tumors.

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Institutional Ownership by Quarter for Y-mAbs Therapeutics (NASDAQ:YMAB)

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