BidaskClub lowered shares of Nantkwest (NASDAQ:NK) from a sell rating to a strong sell rating in a report issued on Friday morning.

NK has been the topic of several other research reports. Zacks Investment Research raised shares of Nantkwest from a hold rating to a buy rating and set a $5.75 price target on the stock in a research report on Wednesday, October 11th. Raymond James Financial reaffirmed a hold rating on shares of Nantkwest in a research report on Monday, December 11th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $5.25.

Nantkwest (NASDAQ:NK) traded down $0.01 during mid-day trading on Friday, hitting $4.37. 175,300 shares of the stock traded hands, compared to its average volume of 226,085. The stock has a market cap of $369.07 and a price-to-earnings ratio of -3.70. The company has a current ratio of 5.47, a quick ratio of 5.47 and a debt-to-equity ratio of 0.01. Nantkwest has a 1 year low of $2.71 and a 1 year high of $8.45.

A number of institutional investors have recently bought and sold shares of NK. Schwab Charles Investment Management Inc. increased its holdings in Nantkwest by 102.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 105,159 shares of the biotechnology company’s stock valued at $799,000 after purchasing an additional 53,134 shares during the last quarter. Rhumbline Advisers increased its holdings in Nantkwest by 146.0% in the 2nd quarter. Rhumbline Advisers now owns 34,789 shares of the biotechnology company’s stock valued at $264,000 after purchasing an additional 20,646 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Nantkwest by 48.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 122,211 shares of the biotechnology company’s stock valued at $928,000 after purchasing an additional 39,823 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Nantkwest by 13.0% in the 2nd quarter. Wells Fargo & Company MN now owns 20,914 shares of the biotechnology company’s stock valued at $158,000 after purchasing an additional 2,400 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in Nantkwest by 62.7% in the 2nd quarter. Alliancebernstein L.P. now owns 55,000 shares of the biotechnology company’s stock valued at $417,000 after purchasing an additional 21,200 shares during the last quarter. Hedge funds and other institutional investors own 19.11% of the company’s stock.

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About Nantkwest

NantKwest, Inc is a clinical-stage immunotherapy company. The Company is focused on harnessing the power of the innate immune system by using the natural killer cell to treat cancer, infectious diseases and inflammatory diseases. Its immuno-oncology NK platform has multiple modes to induce cell death against the tumor or infected cell by direct killing by binding to stress ligands expressed by the diseased cell with the release of toxic granules directly into the tumor cell; antibody mediated killing by binding to antibodies administered in combination and enhancing the cancer killing effect of the administered antibody, enabling targeted cell killing through antibody dependent cellular cytotoxicity (ADCC), and target activated killing by binding to known or newly discovered tumor-specific antigens expressed on the surface of tumor cells and inducing cell death by the release of toxic granules directly into the tumor cell and by the release of cytokines and chemokines.

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