Ligand Pharmaceuticals Incorporated

Ligand Pharmaceuticals Incorporated

LGNDยทNASDAQ

$234.40

+0.77%
HealthcareBiotechnology

Ligand Pharmaceuticals Incorporated, a biopharmaceutical company, focuses on developing or acquiring technologies that help pharmaceutical companies to discover and develop medicines worldwide. Its commercial programs include Kyprolis and Evomela, which are used to treat multiple myeloma; Veklury for the treatment of moderate or severe COVID-19; Teriparatide injection product for osteoporosis; Vaxneuvance for the prevention of invasive disease caused by Streptococcus pneumoniae; and Pneumosil, a pneumococcal conjugate vaccine to help fight against pneumococcal pneumonia among children. The company also offers Rylaze, a recombinant erwinia asparaginase for the treatment of acute lymphoblastic leukemia or lymphoblastic lymphoma in adult and pediatric patients; and Nexterone, a captisol-enabled formulation of amiodarone; and Zulresso, a captisol-enabled formulation of brexanolone for the treatment of postpartum depression. In addition, it provides Noxafil-IV, a captisol-enabled formulation of posaconazole for IV use; Duavee for the treatment of postmenopausal osteoporosis; Aziyo portfolio of commercial pericardial repair and CanGaroo envelope extracellular matrix products; Exemptia for autoimmune diseases; Vivitra for breast cancer; Bryxta and Zybev for various indications; and Minnebro for the treatment of hypertension. The company's partners and licenses programs, which are in clinical development used for the treatment of cancer, seizure, diabetes, cardiovascular disease, muscle wasting, liver and kidney disease, and other diseases. Further, it sells Captisol materials. The company was incorporated in 1987 and is headquartered in Emeryville, California.

At a Glance

Live Snapshot
Market Cap$4.70B
EPS6.4400
P/E Ratio36.40
Earnings Date08/06/2026
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Ligand Pharmaceuticals Incorporated Street Expectations Map

LGND ยท NASDAQ

Wall Street analysts project that LGND stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 267.75, with estimates ranging from a low of 252.00 to a high of 289.00.

Lowest Target
252.00
7.51%
Consensus Target
267.75
14.23%
Highest Target
289.00
23.29%

The consensus 1-year price target stands at 267.75, with estimates ranging from a low of 252.00 to a high of 289.00.

Analyst Consensus Analysis

Upside Potential

+14.2%

Moderate upside. Analysts expect positive returns but with limited margin of safety. Consider entry timing.

Analyst Agreement

13.8% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Analyst Conviction

High

Positive outlook with reasonable agreement. Analysts generally optimistic about prospects with manageable uncertainty.

Market Sentiment Insight

Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.

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Ligand Pharmaceuticals Incorporated Forward Estimates of Revenue

LGND ยท NASDAQ
Latest Revenue
268.09M
FY 2025
Avg Estimate
285.40M
FY 2026
Estimate Range
272.29M - 308.22M
Analyst Spread

Forward Growth Analysis

Projected Growth+6.5%

Moderate growth expected, typical for mature businesses with stable market positions.

Analyst Coverage7 Analysts

Moderate coverageโ€”sufficient for guidance but may lack depth of large-cap analysis.

Estimate Spread13%

Reasonable estimate spread indicates general agreement with normal forecast variance.

OutlookPositive

Generally favorable outlook with reasonable growth prospects and analyst support.

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Ligand Pharmaceuticals Incorporated Forward Estimates of Net Income

LGND ยท NASDAQ
Latest Net Income
124.45M
FY 2025
Avg Estimate
186.86M
FY 2026
Estimate Range
177.52M - 196.19M
Analyst Spread

Forward Growth Analysis

Projected Growth+50.1%

Strong growth expectations signal robust business momentum and market opportunity expansion.

Analyst Coverage7 Analysts

Moderate coverageโ€”sufficient for guidance but may lack depth of large-cap analysis.

Estimate Spread10%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookStrong

Positive analyst consensus with strong growth expectations and forecast confidence.

Key Insight

Compelling growth story with analyst consensus: Strong projected growth combined with narrow estimate spread suggests high-conviction opportunity.

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Ligand Pharmaceuticals Incorporated Forward Estimates of EPS

LGND ยท NASDAQ
Latest EPS
6.44
FY 2025
Avg Estimate
$9.06
FY 2026
Estimate Range
$8.75 - $9.67
Analyst Spread

Forward Growth Analysis

Projected Growth+40.6%

Strong growth expectations signal robust business momentum and market opportunity expansion.

Analyst Coverage6 Analysts

Moderate coverageโ€”sufficient for guidance but may lack depth of large-cap analysis.

Estimate Spread10%

Reasonable estimate spread indicates general agreement with normal forecast variance.

OutlookStrong

Positive analyst consensus with strong growth expectations and forecast confidence.

Key Insight

Compelling growth story with analyst consensus: Strong projected growth combined with narrow estimate spread suggests high-conviction opportunity.

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Ligand Pharmaceuticals Incorporated Forward Estimates of EBIT

LGND ยท NASDAQ
Latest EBIT
158.96M
FY 2025
Avg Estimate
96.39M
FY 2026
Estimate Range
91.97M - 104.10M
Analyst Spread

Forward Growth Analysis

Projected Growth-39.4%

Significant contraction projectedโ€”major business challenges or industry disruption likely.

Analyst Coverage7 Analysts

Moderate coverageโ€”sufficient for guidance but may lack depth of large-cap analysis.

Estimate Spread13%

Reasonable estimate spread indicates general agreement with normal forecast variance.

OutlookNeutral

Mixed signalsโ€”some positive indicators offset by concerns about growth or uncertainty.

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Ligand Pharmaceuticals Incorporated Forward Estimates of EBITDA

LGND ยท NASDAQ
Latest EBITDA
192.74M
FY 2025
Avg Estimate
156.16M
FY 2026
Estimate Range
148.98M - 168.64M
Analyst Spread

Forward Growth Analysis

Projected Growth-19.0%

Significant contraction projectedโ€”major business challenges or industry disruption likely.

Analyst Coverage7 Analysts

Moderate coverageโ€”sufficient for guidance but may lack depth of large-cap analysis.

Estimate Spread13%

Reasonable estimate spread indicates general agreement with normal forecast variance.

OutlookNeutral

Mixed signalsโ€”some positive indicators offset by concerns about growth or uncertainty.

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Ligand Pharmaceuticals Incorporated Forward Estimates of SG&A Expense

LGND ยท NASDAQ
Latest SG&A Expense
92.45M
FY 2025
Avg Estimate
100.93M
FY 2026
Estimate Range
96.29M - 109.00M
Analyst Spread

Forward Growth Analysis

Projected Growth+9.2%

Moderate growth expected, typical for mature businesses with stable market positions.

Analyst Coverage7 Analysts

Moderate coverageโ€”sufficient for guidance but may lack depth of large-cap analysis.

Estimate Spread13%

Reasonable estimate spread indicates general agreement with normal forecast variance.

OutlookPositive

Generally favorable outlook with reasonable growth prospects and analyst support.

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Ligand Pharmaceuticals Incorporated Insider Positioning

LGND ยท NASDAQ

During the last 12 months, insiders have sold $3.98M worth of LGND shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

7.5K

1.62M

Net Activity

-1.6M

-$1.62M

3-6 Months

Bought

0

0.00

Sold

4.0K

789.96K

Net Activity

-790K

-$790K

6-9 Months

Bought

0

0.00

Sold

6.3K

1.26M

Net Activity

-1.3M

-$1.26M

9-12 Months

Bought

0

0.00

Sold

2.5K

306.61K

Net Activity

-307K

-$307K

Top Buyers

No buying activity

Top Sellers

1
EO

Espinoza Octavio

Officer: Chief Financial Officer

4.9K sharesโ€ข2 transactions

$1.03M

2
LJL

Lamattina John L

Director

4.2K sharesโ€ข2 transactions

$852K

3
GNR

Gray Nancy Ryan

Director

3.0K sharesโ€ข1 transactions

$619K

4
SSL

Sabba Stephen L

Director

3.0K sharesโ€ข2 transactions

$618K

5
RA

Reardon Andrew

Officer: Clo & Secretary

2.2K sharesโ€ข5 transactions

$381K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $3.98M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Recent Trend (3 Months)

$1.62M

Heavy recent selling activity. Recent insider sales notably exceed purchasesโ€”may warrant investigation into company developments.

Insider Participation

High Selling

5 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

Insider Activity Insight

Multiple red flags: Heavy selling, numerous sellers, and continued recent selling create a concerning pattern. Investigate fundamental drivers and consider whether company guidance or industry conditions have deteriorated.