Nektar Therapeutics (NKTR) Receives $27.11 Average PT from Brokerages
Shares of Nektar Therapeutics (NASDAQ:NKTR) have earned a consensus recommendation of “Buy” from the thirteen research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $27.11.
A number of research analysts recently weighed in on the stock. Jefferies Group LLC reaffirmed a “buy” rating and issued a $23.00 target price on shares of Nektar Therapeutics in a research report on Friday, July 21st. Roth Capital set a $33.00 target price on shares of Nektar Therapeutics and gave the company a “buy” rating in a research report on Wednesday, August 9th. BidaskClub downgraded shares of Nektar Therapeutics from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Evercore ISI assumed coverage on shares of Nektar Therapeutics in a research report on Thursday, August 17th. They issued an “in-line” rating and a $20.00 target price for the company. Finally, William Blair reaffirmed an “outperform” rating on shares of Nektar Therapeutics in a research report on Tuesday, July 18th.
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In other news, CAO Jillian B. Thomsen sold 2,648 shares of Nektar Therapeutics stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $19.32, for a total value of $51,159.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Stephen K. Doberstein sold 43,677 shares of Nektar Therapeutics stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $24.97, for a total transaction of $1,090,614.69. The disclosure for this sale can be found here. In the last three months, insiders sold 539,983 shares of company stock valued at $12,388,528. Insiders own 6.10% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. Gs Investments Inc. bought a new stake in shares of Nektar Therapeutics during the 2nd quarter worth about $1,006,000. Piedmont Investment Advisors LLC boosted its holdings in shares of Nektar Therapeutics by 264.6% during the 2nd quarter. Piedmont Investment Advisors LLC now owns 33,545 shares of the biopharmaceutical company’s stock worth $656,000 after buying an additional 24,344 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in shares of Nektar Therapeutics by 7.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 13,011 shares of the biopharmaceutical company’s stock worth $254,000 after buying an additional 929 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Nektar Therapeutics by 3.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 114,357 shares of the biopharmaceutical company’s stock worth $2,235,000 after buying an additional 3,683 shares during the period. Finally, Redmile Group LLC bought a new stake in shares of Nektar Therapeutics during the 2nd quarter worth about $285,000. 95.08% of the stock is owned by institutional investors and hedge funds.
Shares of Nektar Therapeutics (NASDAQ:NKTR) traded up 2.07% during midday trading on Thursday, reaching $24.16. 1,111,426 shares of the company were exchanged. Nektar Therapeutics has a 52-week low of $11.41 and a 52-week high of $25.02. The stock has a 50-day moving average price of $23.01 and a 200 day moving average price of $20.46. The company’s market capitalization is $3.78 billion.
Nektar Therapeutics (NASDAQ:NKTR) last released its earnings results on Tuesday, August 8th. The biopharmaceutical company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.04). The business had revenue of $34.60 million during the quarter, compared to the consensus estimate of $33.64 million. Nektar Therapeutics had a negative net margin of 157.14% and a negative return on equity of 1,223.34%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the business posted ($0.36) EPS. Equities research analysts expect that Nektar Therapeutics will post ($0.98) EPS for the current fiscal year.
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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