AnnexonANNX Market cap $665M
About: Annexon Inc is a clinical-stage biopharmaceutical company developing a pipeline of novel therapies for patients with classical complement-mediated disorders of the body, brain, and eye. Its pipeline is based on its platform technology addressing well-researched classical complement-mediated autoimmune and neurodegenerative disease processes, both of which are triggered by aberrant activation of C1q. Its pipeline of product candidates is designed to block the activity of C1q and the entire classical complement pathway in a broad set of complement-mediated diseases. Its product candidates are ANX005, for autoimmune & neurodegenerative disorders; ANX007, for neurodegenerative ophthalmic disorders; ANX1502 for Oral small molecule; and ANX009, for systemic autoimmune diseases.
Employees: 71
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
150% more call options, than puts
Call options by funds: $26.3M | Put options by funds: $10.5M
122% more capital invested
Capital invested by funds: $686M [Q1] → $1.52B (+$836M) [Q2]
56% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 25
56% more repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 34
11% more funds holding
Funds holding: 126 [Q1] → 140 (+14) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 3 (+0) [Q2]
17.19% less ownership
Funds ownership: 122.44% [Q1] → 105.25% (-17.19%) [Q2]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
HC Wainwright & Co. Andrew Fein 43% 1-year accuracy 74 / 171 met price target | 377%upside $30 | Buy Reiterated | 13 Aug 2024 |
Needham Joseph Stringer 62% 1-year accuracy 78 / 125 met price target | 154%upside $16 | Buy Reiterated | 13 Aug 2024 |