Nektar Therapeutics (NKTR) Given a $45.00 Price Target at Roth Capital
Roth Capital set a $45.00 target price on Nektar Therapeutics (NASDAQ:NKTR) in a research note published on Monday morning. The firm currently has a buy rating on the biopharmaceutical company’s stock.
Several other research analysts have also weighed in on NKTR. William Blair reiterated an outperform rating on shares of Nektar Therapeutics in a research note on Tuesday, July 18th. Jefferies Group LLC reiterated a buy rating and issued a $23.00 price objective on shares of Nektar Therapeutics in a research note on Friday, July 21st. Zacks Investment Research upgraded shares of Nektar Therapeutics from a hold rating to a buy rating and set a $24.00 price objective on the stock in a research note on Tuesday, August 1st. BidaskClub lowered shares of Nektar Therapeutics from a buy rating to a hold rating in a research note on Friday, August 4th. Finally, HC Wainwright started coverage on shares of Nektar Therapeutics in a research note on Monday, August 7th. They issued a buy rating and a $31.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Nektar Therapeutics currently has a consensus rating of Buy and an average target price of $32.91.
Nektar Therapeutics (NASDAQ NKTR) traded up $4.60 during trading on Monday, reaching $37.10. 17,410,800 shares of the company’s stock traded hands, compared to its average volume of 1,580,732. The company has a current ratio of 4.14, a quick ratio of 3.99 and a debt-to-equity ratio of 2.91. Nektar Therapeutics has a 1 year low of $11.41 and a 1 year high of $41.34.
Nektar Therapeutics (NASDAQ:NKTR) last released its quarterly earnings data on Tuesday, November 7th. The biopharmaceutical company reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.16. The firm had revenue of $152.90 million for the quarter, compared to analyst estimates of $126.50 million. Nektar Therapeutics had a negative net margin of 42.08% and a negative return on equity of 190.68%. The company’s revenue for the quarter was up 321.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.32) EPS. equities research analysts forecast that Nektar Therapeutics will post -0.78 earnings per share for the current year.
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In related news, SVP Maninder Hora sold 5,117 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $25.07, for a total transaction of $128,283.19. Following the completion of the sale, the senior vice president now directly owns 52,016 shares of the company’s stock, valued at approximately $1,304,041.12. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Howard W. Robin sold 91,714 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $19.26, for a total transaction of $1,766,411.64. Following the sale, the chief executive officer now directly owns 152,504 shares of the company’s stock, valued at $2,937,227.04. The disclosure for this sale can be found here. Insiders sold 1,024,757 shares of company stock valued at $25,974,361 over the last three months. Insiders own 5.44% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of NKTR. Janus Henderson Group PLC bought a new stake in shares of Nektar Therapeutics during the 2nd quarter worth $34,661,000. PointState Capital LP boosted its holdings in shares of Nektar Therapeutics by 281.7% during the 2nd quarter. PointState Capital LP now owns 1,731,000 shares of the biopharmaceutical company’s stock worth $33,841,000 after buying an additional 1,277,500 shares during the period. State Street Corp boosted its holdings in shares of Nektar Therapeutics by 11.3% during the 2nd quarter. State Street Corp now owns 4,408,270 shares of the biopharmaceutical company’s stock worth $86,179,000 after buying an additional 447,023 shares during the period. Numeric Investors LLC boosted its holdings in shares of Nektar Therapeutics by 2,111.5% during the 2nd quarter. Numeric Investors LLC now owns 440,729 shares of the biopharmaceutical company’s stock worth $8,616,000 after buying an additional 420,800 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Nektar Therapeutics by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 14,009,894 shares of the biopharmaceutical company’s stock worth $273,893,000 after buying an additional 401,914 shares during the period. 94.97% of the stock is owned by institutional investors and hedge funds.
About Nektar Therapeutics
Nektar Therapeutics is a biopharmaceutical company that discovers and develops medicines in areas of high unmet medical need. The Company’s research and development pipeline of new investigational drugs includes treatments for cancer, auto-immune disease and chronic pain. It leverages its chemistry platform to discover and design new drug candidates.
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