Genmab Initiates Share Buyback Program
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 18 2026
0mins
Should l Buy GMAB?
Source: NASDAQ.COM
- Buyback Program Initiation: Genmab A/S has announced the initiation of a share buyback program, allowing for the repurchase of up to 342,000 shares with a maximum aggregate value of 725 million Danish Kroner, aimed at enhancing shareholder value and boosting market confidence.
- Timeline for Buyback: The buyback program is set to commence on February 18, 2026, and is expected to conclude no later than March 31, 2026, reflecting the company's confidence in future market performance and commitment to its shareholders.
- Compliance with Trading Rules: The buyback will adhere to EU regulations, ensuring that each transaction price does not exceed the latest independent transaction price or the highest independent bid on the trading venue, thereby maintaining transparency and fairness in the buyback process.
- Current Shareholding Status: As of February 17, 2026, Genmab holds 2.62 million treasury shares, representing 4.07% of its share capital, indicating a robust strategy in capital management.
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Analyst Views on GMAB
Wall Street analysts forecast GMAB stock price to rise
7 Analyst Rating
5 Buy
2 Hold
0 Sell
Moderate Buy
Current: 27.060
Low
26.00
Averages
38.50
High
48.00
Current: 27.060
Low
26.00
Averages
38.50
High
48.00
About GMAB
Genmab A/S is a Denmark-based international biotechnology company. It specializes in the creation and development of antibody therapeutics for the treatment of cancer. The Company is the creator of the approved antibodies: DARZALEX (daratumumab) for the treatment of certain multiple myeloma indications, Kesimpta for the treatment of adults with relapsing forms of multiple sclerosis, TEPEZZA (teprotumumab) for the treatment of thyroid eye disease and FASPRO, for the treatment of adult patients with certain multiple myeloma indications. The first approved Genmab created therapy Arzerra, approved for the treatment of certain chronic lymphocytic leukemia indications, is available in Japan and is also available in other territories via compassionate use or oncology access programs. Genmab develops a broad clinical and pre-clinical product pipeline, and owns four antibody technologies, DuoBody bispecific platform, HexaBody platform, DuoHexaBody platform & HexElect platform.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Major Shareholder Change: As of May 8, 2026, Orbis Investment Management Limited controls 5.08% of Genmab A/S's voting rights through 3,166,357 shares, which may influence the company's governance structure and shareholder decisions.
- Company Background: Genmab is an international biotechnology company dedicated to improving the lives of cancer and serious disease patients through innovative antibody medicines, showcasing over 25 years of R&D experience and strong market competitiveness.
- Product Pipeline: Genmab is advancing multiple late-stage clinical programs aimed at delivering transformative medicines to patients, which not only enhances the company's market position but also lays the groundwork for future revenue growth.
- Risk Factors Highlighted: The announcement includes forward-looking statements that emphasize various risks associated with clinical development and market acceptance, prompting investors to consider these uncertainties when assessing the company's long-term investment value.
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- Significant Revenue Growth: Genmab reported Q1 revenue of $896 million, up $181 million or 25% from $715 million in Q1 2025, primarily driven by increased DARZALEX® and Kesimpta® royalties from collaborations with Johnson & Johnson and Novartis.
- Sales Performance Boost: The rise in net product sales of EPKINLY further contributed to overall revenue growth, indicating Genmab's strong market performance and sustained product demand.
- Robust Operating Profit: Excluding acquisition and integration-related charges and amortization of acquired intangible assets, Genmab's operating profit stood at $237 million, reflecting effective cost management and enhanced profitability.
- Optimistic Market Outlook: Genmab confirmed Q1 DARZALEX sales of $3.96 billion, driven by strong demand in the U.S., suggesting further growth potential and market share expansion for the company in the future.
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- Earnings Announcement: Genmab (GMAB) is set to release its Q1 earnings on May 7 before market open, with consensus EPS estimates at $0.17 and revenue expectations of $889.15 million, providing crucial financial health indicators for investors.
- Strong Sales Performance: Genmab confirmed Q1 DARZALEX sales of $3.96 billion, driven primarily by robust demand in the U.S., which not only exceeds market expectations but could also lead to a potential increase in the company's stock price.
- Market Environment Impact: Amid disruptions in the Middle East, over $10 billion in healthcare stocks on Wall Street are considered oversold, and Genmab's financial performance may attract renewed investor interest in the sector, influencing overall market sentiment.
- Future Outlook: With the upcoming earnings report, investors will closely monitor Genmab's performance and future guidance to assess its ongoing growth potential in the highly competitive biopharmaceutical market.
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- Shareholder Stake: As of April 13, 2026, Orbis Investment Management Limited controls 3,114,318 shares in Genmab A/S, representing 4.85% of the company's share capital and voting rights, highlighting its significant role in corporate governance.
- Company Overview: Genmab is an international biotechnology firm dedicated to improving the lives of cancer and serious disease patients through innovative antibody medicines, boasting over 25 years of experience and a diverse range of antibody therapeutic formats, showcasing its robust R&D capabilities.
- Clinical Pipeline Progress: Genmab is advancing a strong late-stage clinical pipeline aimed at delivering transformative medicines to patients, which not only enhances the company's market competitiveness but also lays the groundwork for future revenue growth.
- Global Presence: Headquartered in Copenhagen, Denmark, Genmab has an international footprint across North America, Europe, and Asia Pacific, reflecting its strategic implementation of a global strategy to capture growth opportunities in the global biopharmaceutical market.
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- Strong Sales Performance: Genmab reported that its multiple myeloma therapy DARZALEX achieved worldwide net sales of $3.96 billion in Q1, with U.S. sales contributing $2.208 billion and international markets generating $1.756 billion, indicating robust global demand for the product.
- Positive Market Reaction: Genmab's stock traded approximately 2% higher during pre-market hours, reflecting investor optimism regarding the company's sales growth and further solidifying its market position in the biopharmaceutical sector.
- Product Diversification: The sales figures include both intravenous and subcutaneous formulations, with the latter marketed in the U.S. as DARZALEX FASPRO, demonstrating the company's innovation in product forms to meet diverse patient needs.
- Industry Context: Despite pressures on the healthcare sector due to disruptions in the Middle East, Genmab stands out among oversold healthcare stocks above $10 billion, showcasing its product resilience and competitive strength in the market.
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