Intellia Therapeutics, Inc. (NASDAQ:NTLA)‘s stock had its “buy” rating reissued by equities research analysts at Barclays PLC in a research note issued on Sunday.

A number of other equities research analysts also recently issued reports on the stock. Credit Suisse Group boosted their price target on shares of Intellia Therapeutics from $24.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday. Jefferies Group LLC set a $42.00 price target on shares of Intellia Therapeutics and gave the company a “buy” rating in a research note on Tuesday, October 31st. Leerink Swann boosted their price target on shares of Intellia Therapeutics from $29.00 to $37.00 and gave the company an “outperform” rating in a research note on Tuesday, October 31st. They noted that the move was a valuation call. Zacks Investment Research raised shares of Intellia Therapeutics from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, Wedbush reissued an “ourperform” rating and issued a $25.00 price target (down from $29.00) on shares of Intellia Therapeutics in a research note on Wednesday, September 27th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $30.17.

Intellia Therapeutics (NASDAQ NTLA) opened at $21.94 on Friday.

Intellia Therapeutics (NASDAQ:NTLA) last released its quarterly earnings results on Tuesday, October 31st. The company reported ($0.44) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.50) by $0.06. The business had revenue of $7.30 million for the quarter, compared to the consensus estimate of $5.83 million. Intellia Therapeutics had a negative net margin of 215.92% and a negative return on equity of 28.01%. The business’s revenue was up 49.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.22) EPS. research analysts anticipate that Intellia Therapeutics will post -1.68 EPS for the current year.

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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Moloney Securities Asset Management LLC purchased a new stake in Intellia Therapeutics during the 3rd quarter worth approximately $306,000. Dynamic Technology Lab Private Ltd purchased a new stake in Intellia Therapeutics during the 2nd quarter worth approximately $167,000. California State Teachers Retirement System increased its stake in Intellia Therapeutics by 79.0% during the 2nd quarter. California State Teachers Retirement System now owns 25,143 shares of the company’s stock worth $402,000 after buying an additional 11,100 shares during the period. The Manufacturers Life Insurance Company increased its stake in Intellia Therapeutics by 451.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,224 shares of the company’s stock worth $212,000 after buying an additional 10,825 shares during the period. Finally, State Street Corp increased its stake in Intellia Therapeutics by 52.0% during the 2nd quarter. State Street Corp now owns 164,798 shares of the company’s stock worth $2,638,000 after buying an additional 56,363 shares during the period. 47.77% of the stock is currently owned by hedge funds and other institutional investors.

Intellia Therapeutics Company Profile

Intellia Therapeutics, Inc is a genome editing company. The Company is focused on developing therapeutics utilizing a biological tool known as CRISPR/Cas9. The CRISPR/Cas9 genome editing system includes two components: the Cas9 protein and the guide RNA sequence. The Cas9 protein acts like a pair of molecular scissors that initiates the natural cellular repair process to knockout, repair or insert a gene.

Analyst Recommendations for Intellia Therapeutics (NASDAQ:NTLA)

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