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LGND Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
OverviewStock Price PredictionTechnicalValuationFinancialsEarningsShould I BuyNews & Events
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Intellectia

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High
323.300
Open
317.970
VWAP
318.49
Vol
316.48K
Mkt Cap
6.40B
Low
312.735
Amount
100.79M
EV/EBITDA(TTM)
74.89
Total Shares
20.04M
EV
6.09B
EV/OCF(TTM)
49.31
P/S(TTM)
23.67
Ligand Pharmaceuticals Incorporated is a biopharmaceutical company enabling scientific advancement through supporting the clinical development of medicines. It does this by financing, licensing its technologies or both. It operates two infrastructure-light royalty-generating IP platform technologies. Its Captisol platform technology is a chemically modified cyclodextrin with a structure designed to optimize the solubility and stability of drugs. This technology has enabled FDA-approved products, including Gilead’s Veklury, Amgen’s Kyprolis, Baxter’s Nexterone, and Acrotech Biopharma’s Evomela. Its NITRICIL platform technology facilitates tunable dosing, permitting an adjustable drug release profile to allow proprietary formulations that target a range of indications. Its technologies also include HepDirect, LTP, and Pelican Expression Technology. It has multiple alliances, licenses and other business relationships with various pharmaceutical companies.
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Events Timeline

(ET)
2026-06-23
08:31:00
Ligand Pharmaceuticals Announces $625 Million Convertible Notes Pricing
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2026-06-22 (ET)
2026-06-22
07:30:00
Ligand Pharmaceuticals to Offer $550M Convertible Senior Notes in Private Placement
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2026-05-07 (ET)
2026-05-07
07:40:00
Ligand Reaffirms FY26 Revenue Guidance of $270M-$310M
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2026-05-07
07:30:00
Ligand Q1 Revenue $51.72M, Below Consensus
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2026-05-06 (ET)
2026-05-06
09:11:00
Orchestra BioMed Receives $15M Payment from Ligand
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2026-04-27 (ET)
2026-04-27
14:10:00
Stifel Raises Ligand Price Target to $255
select
2026-04-27
14:00:00
BofA Raises Ligand Price Target to $260
select

News

seekingalpha
8.5
06-23seekingalpha
Ligand Pharmaceuticals Prices $625M Convertible Notes Offering
  • Offering Size: Ligand Pharmaceuticals has priced a $625 million offering of convertible senior notes due September 15, 2031, reflecting the company's confidence in future financing and expected to strengthen its capital structure.
  • Conversion Terms: The initial conversion rate is set at 2.9916 shares of common stock per $1,000 principal amount, with a conversion price of approximately $334.27, representing a 27.5% premium over the last reported stock price, indicating market expectations for future growth.
  • Use of Proceeds: The estimated net proceeds of approximately $605.3 million will be allocated for convertible note hedge transactions, repurchasing 228,859 shares, and general corporate purposes, showcasing the company's proactive capital management strategy.
  • Market Reaction: The offering is expected to close on June 25, 2026, and if the underwriters exercise their option to purchase additional notes, net proceeds could reach $678.2 million, further enhancing the company's competitive position in the biopharmaceutical sector.
NASDAQ.COM
8.5
06-23NASDAQ.COM
Ligand Pharmaceuticals Prices $625 Million Convertible Note Offering
  • Expanded Financing: Ligand Pharmaceuticals announced a $625 million upsized offering of 0.0% convertible notes, expected to enhance the company's financial flexibility and support its long-term capital strategy, reflecting confidence in future growth.
  • Additional Purchase Option: Initial purchasers have a 13-day option to buy up to an additional $75 million in notes, which could increase the total offering size to $700 million if fully exercised, further enhancing capital-raising capabilities.
  • Clear Use of Proceeds: The expected net proceeds of approximately $605.3 million will be allocated for convertible note hedge transactions, repurchasing 228,859 shares, and general corporate purposes, demonstrating strategic flexibility in capital management.
  • Strategic Implications: This offering is viewed as an opportunistic capital raise designed to enhance financial flexibility, with the combination of share repurchases aimed at reducing potential dilution, aligning with shareholder interests and reflecting the company's commitment to shareholder value.
Newsfilter
8.5
06-23Newsfilter
Ligand Pharmaceuticals Raises $625 Million in Convertible Notes Offering
  • Capital Raise: Ligand Pharmaceuticals announced the pricing of $625 million in 0.0% convertible senior notes, expected to close on June 25, 2026, enhancing financial flexibility and supporting future investments.
  • Use of Proceeds: The offering is projected to yield approximately $605.3 million in net proceeds, with about $72.9 million allocated for convertible note hedge transactions and around $60 million for repurchasing 228,859 shares of common stock, aimed at offsetting potential dilution.
  • Conversion Terms: Noteholders can convert their notes under specific conditions before June 15, 2031, with an initial conversion price of $334.27 per share, representing a 27.5% premium over the last reported price on June 22, 2026, which will impact future shareholder structure and market performance.
  • Market Impact: The bond issuance and related hedge transactions may influence Ligand's common stock price, particularly during conversion and repurchase periods, potentially leading to market price fluctuations and affecting investor decisions.
NASDAQ.COM
4.5
06-22NASDAQ.COM
Mixed Market Close: Tech Stocks Decline Amid Leadership Changes
  • Tech Stock Decline: Alphabet's stock fell over 5% following the announcement of Google DeepMind VP Jumper's departure, leading to a broader decline in major tech stocks, which may heighten investor uncertainty regarding the tech sector's future performance.
  • Oil Price Volatility: Oil prices initially surged over 2% after Iran threatened to close the Strait of Hormuz, but later retreated due to reported progress in peace talks with the US, highlighting the direct impact of geopolitical tensions on market dynamics and prompting investors to reassess energy sector risks.
  • Market Expectation Shift: The market is currently pricing in a 39% chance of a 25 basis point rate hike at the upcoming FOMC meeting, reflecting a cautious investor sentiment towards future monetary policy, which could influence market liquidity and investment strategies.
  • Overseas Market Performance: European and Asian stock markets closed higher, with the Euro Stoxx 50 and Japan's Nikkei 225 rising by 0.29% and 1.55% respectively, indicating a divergence in global market trends that may provide some support for the US market.
NASDAQ.COM
4.5
06-22NASDAQ.COM
Mixed U.S. Stock Performance with Tech Stocks Leading Declines
  • Tech Stock Decline: Alphabet's stock fell over 6%, leading the tech sector down after the announcement of Google DeepMind VP Jumper's departure to Anthropic PBC, raising concerns about the company's future and potentially impacting investor confidence.
  • Market Volatility Factors: Stock index futures weakened overnight due to a more than 2% rise in oil prices following Iran's threat to close the Strait of Hormuz, although they recovered later due to reported progress in peace talks with the U.S., highlighting geopolitical influences on market dynamics.
  • Bond Yield Changes: The 10-year U.S. Treasury yield rose to 4.503%, a one-week high, driven by Fed rate hike expectations and an upcoming $211 billion Treasury auction, which may exert pressure on the bond market.
  • Overseas Market Performance: European and Asian stock markets saw gains, with the 10-year German bund yield falling to 2.946%, reflecting optimism about global economic recovery, which could provide support for the U.S. market.
NASDAQ.COM
4.5
06-22NASDAQ.COM
U.S. Stocks Edge Up, Nasdaq Hits 2.5-Week High
  • Market Recovery: The Nasdaq 100 index rose by 0.50% to reach a 2.5-week high as the markets reopened after the holiday, driven by strong performances from chipmakers and AI infrastructure stocks, indicating a rebound in investor confidence towards tech equities.
  • Oil Price Volatility: Although crude oil prices initially surged over 2% due to Iran's threat to close the Strait of Hormuz, they retreated after reports of 'major progress' in peace talks with the U.S., highlighting the short-term impact of geopolitical risks on market volatility and stock index futures.
  • UK Political Shift: Following Prime Minister Keir Starmer's resignation, the market is keenly awaiting Andy Burnham's choice for Chancellor of the Exchequer, with concerns that an unqualified new chancellor could raise issues regarding deficits and borrowing, putting pressure on the British pound and reflecting the impact of political uncertainty on market sentiment.
  • Rate Hike Expectations: The market is pricing in a 36% chance of a 25 basis point rate hike by the Federal Reserve at its meeting on July 28-29, while the European Central Bank has only a 10% chance of a rate hike at its next policy meeting, indicating differing expectations for future monetary policy that could influence investor asset allocation strategies.
Wall Street analysts forecast LGND stock price to rise
6 Analyst Rating
Wall Street analysts forecast LGND stock price to rise
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 0.000
sliders
Low
220.00
Averages
237.20
High
270.00
Current: 0.000
sliders
Low
220.00
Averages
237.20
High
270.00
BofA
Jason Zemansky
Buy
maintain
$263 -> $266
AI Analysis
2026-05-28
Reason
BofA
Jason Zemansky
Price Target
$263 -> $266
AI Analysis
2026-05-28
maintain
Buy
Reason
BofA analyst Jason Zemansky raised the firm's price target on Ligand (LGND) to $266 from $263 and keeps a Buy rating on the shares after Travere Therapeutics (TVTX) announced a USPTO Notice of Allowance for a patent application covering Filspari in IgAN, potentially extending IP protection to October 2037. The update is "a win for Ligand," which earns a 9% royalty on Filspari, the analyst tells investors.
H.C. Wainwright
Joseph Pantginis
Buy
maintain
$243 -> $289
2026-04-30
Reason
H.C. Wainwright
Joseph Pantginis
Price Target
$243 -> $289
2026-04-30
maintain
Buy
Reason
H.C. Wainwright analyst Joseph Pantginis raised the firm's price target on Ligand to $289 from $243 and keeps a Buy rating on the shares. The firm cites the company's acquisition of Xoma for the target boost. Beyond the "immediately accretive" approved assets of Xoma, H.C. Wainwright sees "strong potential upside from multiple late stage assets as well as a very deep developmental pipeline," the analyst tells investors in a research note.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for LGND
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Valuation Metrics

The current forward P/E ratio for Ligand Pharmaceuticals Inc (LGND.O) is 35.84, compared to its 5-year average forward P/E of -13.00. For a more detailed relative valuation and DCF analysis to assess Ligand Pharmaceuticals Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PE
-13.00
Current PE
35.84
Overvalued PE
137.57
Undervalued PE
-163.57

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average EV/EBITDA
19.33
Current EV/EBITDA
42.76
Overvalued EV/EBITDA
26.06
Undervalued EV/EBITDA
12.59

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
11.22
Current PS
17.33
Overvalued PS
13.24
Undervalued PS
9.19

Financials

AI Analysis
Annual
Quarterly

Whales Holding LGND

C
CastleArk Management LLC
Holding
LGND
+11.82%
3M Return
R
Rice Hall James & Associates, LLC
Holding
LGND
+9.36%
3M Return
C
Chicago Capital, LLC
Holding
LGND
+9.34%
3M Return

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Frequently Asked Questions

What is Ligand Pharmaceuticals Inc (LGND) stock price today?

The current price of LGND is 319.43 USD — it has decreased -0.31

What is Ligand Pharmaceuticals Inc (LGND)'s business?

Ligand Pharmaceuticals Incorporated is a biopharmaceutical company enabling scientific advancement through supporting the clinical development of medicines. It does this by financing, licensing its technologies or both. It operates two infrastructure-light royalty-generating IP platform technologies. Its Captisol platform technology is a chemically modified cyclodextrin with a structure designed to optimize the solubility and stability of drugs. This technology has enabled FDA-approved products, including Gilead’s Veklury, Amgen’s Kyprolis, Baxter’s Nexterone, and Acrotech Biopharma’s Evomela. Its NITRICIL platform technology facilitates tunable dosing, permitting an adjustable drug release profile to allow proprietary formulations that target a range of indications. Its technologies also include HepDirect, LTP, and Pelican Expression Technology. It has multiple alliances, licenses and other business relationships with various pharmaceutical companies.

What is the price predicton of LGND Stock?

Wall Street analysts forecast LGND stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LGND is237.20 USD with a low forecast of 220.00 USD and a high forecast of 270.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Ligand Pharmaceuticals Inc (LGND)'s revenue for the last quarter?

Ligand Pharmaceuticals Inc revenue for the last quarter amounts to 51.72M USD, increased 14.09

What is Ligand Pharmaceuticals Inc (LGND)'s earnings per share (EPS) for the last quarter?

Ligand Pharmaceuticals Inc. EPS for the last quarter amounts to -0.67 USD, decreased -69.68

How many employees does Ligand Pharmaceuticals Inc (LGND). have?

Ligand Pharmaceuticals Inc (LGND) has 47 emplpoyees as of July 08 2026.

What is Ligand Pharmaceuticals Inc (LGND) market cap?

Today LGND has the market capitalization of 6.40B USD.