Analysts Set Nantkwest Inc (NK) Price Target at $5.13

Shares of Nantkwest Inc (NASDAQ:NK) have earned an average recommendation of “Hold” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $5.13.

A number of research analysts have recently weighed in on NK shares. BidaskClub cut Nantkwest from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Citigroup set a $3.00 price objective on Nantkwest and gave the company a “sell” rating in a research report on Monday, August 14th. Finally, Zacks Investment Research raised Nantkwest from a “hold” rating to a “buy” rating and set a $5.75 price objective on the stock in a research report on Wednesday, October 11th.

Shares of Nantkwest (NK) traded down $0.02 during trading hours on Thursday, reaching $4.88. The company’s stock had a trading volume of 301,633 shares, compared to its average volume of 212,315. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.47 and a current ratio of 5.47. Nantkwest has a fifty-two week low of $2.71 and a fifty-two week high of $8.45.

In related news, Director Steve Gorlin sold 39,604 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $5.93, for a total value of $234,851.72. Following the transaction, the director now directly owns 246,280 shares of the company’s stock, valued at approximately $1,460,440.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 70.19% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. increased its stake in Nantkwest by 0.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 67,117 shares of the biotechnology company’s stock worth $238,000 after acquiring an additional 348 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of Nantkwest by 9.0% during the 2nd quarter. New York State Common Retirement Fund now owns 19,400 shares of the biotechnology company’s stock valued at $147,000 after purchasing an additional 1,599 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Nantkwest by 13.0% during 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. Alliancebernstein L.P. increased its position in shares of Nantkwest by 8.7% during the 1st quarter. Alliancebernstein L.P. now owns 33,800 shares of the biotechnology company’s stock valued at $120,000 after purchasing an additional 2,700 shares during the last quarter. Finally, Nationwide Fund Advisors increased its position in shares of Nantkwest by 67.6% during the 2nd quarter. Nationwide Fund Advisors now owns 17,302 shares of the biotechnology company’s stock valued at $131,000 after purchasing an additional 6,977 shares during the last quarter. 19.14% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: This article was originally published by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this article on another publication, it was illegally stolen and republished in violation of United States & international copyright and trademark law. The correct version of this article can be read at https://sportsperspectives.com/2017/12/03/analysts-set-nantkwest-inc-nk-price-target-at-5-13.html.

Nantkwest Company Profile

Receive News & Ratings for Nantkwest Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nantkwest Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply