William Blair Weighs in on Atara Biotherapeutics, Inc.’s Q3 2017 Earnings (ATRA)
Atara Biotherapeutics, Inc. (NASDAQ:ATRA) – Analysts at William Blair reduced their Q3 2017 earnings per share (EPS) estimates for shares of Atara Biotherapeutics in a research report issued to clients and investors on Tuesday. William Blair analyst M. Phipps now anticipates that the biotechnology company will earn ($0.95) per share for the quarter, down from their prior forecast of ($0.94). William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for Atara Biotherapeutics’ Q4 2017 earnings at ($0.98) EPS, FY2017 earnings at ($3.75) EPS, Q1 2018 earnings at ($1.00) EPS, Q2 2018 earnings at ($1.00) EPS, Q3 2018 earnings at ($1.02) EPS, Q4 2018 earnings at ($0.91) EPS, FY2018 earnings at ($3.94) EPS, FY2019 earnings at ($3.23) EPS, FY2020 earnings at ($2.51) EPS and FY2021 earnings at ($2.10) EPS.
Several other research analysts also recently weighed in on the stock. Canaccord Genuity restated a “buy” rating and issued a $47.00 target price on shares of Atara Biotherapeutics in a research note on Friday, April 21st. Jefferies Group LLC restated a “buy” rating and issued a $30.00 target price on shares of Atara Biotherapeutics in a research note on Thursday, June 22nd. Zacks Investment Research upgraded shares of Atara Biotherapeutics from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, ValuEngine downgraded shares of Atara Biotherapeutics from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Atara Biotherapeutics presently has an average rating of “Hold” and a consensus target price of $25.75.
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Shares of Atara Biotherapeutics (NASDAQ ATRA) opened at 14.50 on Thursday. Atara Biotherapeutics has a one year low of $11.80 and a one year high of $23.40. The stock has a 50 day moving average of $15.02 and a 200-day moving average of $15.89. The firm’s market capitalization is $422.08 million.
Atara Biotherapeutics (NASDAQ:ATRA) last announced its quarterly earnings data on Monday, August 7th. The biotechnology company reported ($0.94) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.89) by $0.05.
In related news, CFO John Mcgrath sold 4,000 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $15.11, for a total value of $60,440.00. Following the sale, the chief financial officer now directly owns 113,762 shares of the company’s stock, valued at $1,718,943.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gad Soffer sold 12,674 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $15.16, for a total transaction of $192,137.84. Following the completion of the sale, the executive vice president now directly owns 259,527 shares in the company, valued at $3,934,429.32. The disclosure for this sale can be found here. Insiders sold 54,308 shares of company stock worth $797,382 over the last ninety days. 16.10% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the stock. Redmile Group LLC boosted its stake in Atara Biotherapeutics by 2.4% in the first quarter. Redmile Group LLC now owns 2,734,118 shares of the biotechnology company’s stock valued at $56,186,000 after buying an additional 63,176 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Atara Biotherapeutics during the first quarter valued at about $132,000. Vident Investment Advisory LLC boosted its stake in Atara Biotherapeutics by 20.0% in the first quarter. Vident Investment Advisory LLC now owns 55,665 shares of the biotechnology company’s stock valued at $1,144,000 after buying an additional 9,276 shares in the last quarter. EcoR1 Capital LLC boosted its stake in Atara Biotherapeutics by 101.5% in the first quarter. EcoR1 Capital LLC now owns 434,812 shares of the biotechnology company’s stock valued at $8,935,000 after buying an additional 219,000 shares in the last quarter. Finally, State Street Corp boosted its stake in Atara Biotherapeutics by 62.8% in the fourth quarter. State Street Corp now owns 600,521 shares of the biotechnology company’s stock valued at $8,526,000 after buying an additional 231,541 shares in the last quarter. 81.50% of the stock is currently owned by hedge funds and other institutional investors.
About Atara Biotherapeutics
Atara Biotherapeutics, Inc is a clinical-stage biopharmaceutical company. The Company is focused on developing therapies for patients with severe and life-threatening diseases. The Company operates through the business of developing and commercializing therapeutics segment. The Company is focused on developing allogeneic or third-party derived antigen-specific T-cells.
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