Investors Buy Large Volume of NewLink Genetics Call Options (NLNK)
NewLink Genetics Corp (NASDAQ:NLNK) saw some unusual options trading on Friday. Traders purchased 7,130 call options on the stock. This represents an increase of approximately 1,864% compared to the typical daily volume of 363 call options.
NLNK has been the topic of several analyst reports. Zacks Investment Research upgraded NewLink Genetics from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research note on Tuesday, November 7th. Jefferies Group cut their target price on NewLink Genetics from $26.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. Stifel Nicolaus lifted their target price on NewLink Genetics from $25.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Cantor Fitzgerald reiterated a “buy” rating and issued a $26.00 target price on shares of NewLink Genetics in a research note on Thursday, November 2nd. Finally, Bank of America initiated coverage on NewLink Genetics in a research note on Friday, October 13th. They issued a “buy” rating and a $22.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $23.29.
Several hedge funds have recently modified their holdings of NLNK. Perceptive Advisors LLC purchased a new stake in shares of NewLink Genetics during the third quarter worth about $4,581,000. Candriam Luxembourg S.C.A. grew its stake in shares of NewLink Genetics by 337.3% during the third quarter. Candriam Luxembourg S.C.A. now owns 328,000 shares of the biotechnology company’s stock worth $3,339,000 after acquiring an additional 253,000 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of NewLink Genetics by 207.1% during the third quarter. Ameriprise Financial Inc. now owns 311,927 shares of the biotechnology company’s stock worth $3,176,000 after acquiring an additional 210,360 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of NewLink Genetics during the third quarter worth about $1,819,000. Finally, GSA Capital Partners LLP grew its stake in shares of NewLink Genetics by 653.7% during the third quarter. GSA Capital Partners LLP now owns 132,154 shares of the biotechnology company’s stock worth $1,345,000 after acquiring an additional 114,620 shares during the last quarter. Institutional investors and hedge funds own 52.63% of the company’s stock.
Shares of NewLink Genetics (NASDAQ:NLNK) opened at $9.00 on Monday. NewLink Genetics has a 52 week low of $5.90 and a 52 week high of $25.17. The firm has a market capitalization of $326.00, a PE ratio of -3.69 and a beta of 1.10.
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About NewLink Genetics
NewLink Genetics Corporation is a clinical-stage immuno-oncology company focused on discovering, developing and commercializing immunotherapeutic products for the treatment of cancer. The Company’s portfolio includes biologic and small-molecule immunotherapy product candidates for a range of oncology indications.
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