BidaskClub Upgrades Nantkwest (NK) to “Hold”

BidaskClub upgraded shares of Nantkwest (NASDAQ:NK) from a sell rating to a hold rating in a report published on Tuesday.

Several other research firms have also commented on NK. Raymond James Financial reaffirmed a hold rating on shares of Nantkwest in a research report on Monday, December 11th. Zacks Investment Research lowered Nantkwest from a buy rating to a hold rating in a research report on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $5.25.

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Nantkwest (NASDAQ NK) opened at $4.60 on Tuesday. The company has a market capitalization of $366.29, a P/E ratio of -3.62 and a beta of 2.84. Nantkwest has a 12-month low of $2.71 and a 12-month high of $8.45. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.47 and a current ratio of 5.47.

Several large investors have recently added to or reduced their stakes in the company. Vident Investment Advisory LLC increased its holdings in shares of Nantkwest by 40.3% in the fourth quarter. Vident Investment Advisory LLC now owns 262,014 shares of the biotechnology company’s stock valued at $1,176,000 after purchasing an additional 75,201 shares during the period. Ardsley Advisory Partners acquired a new position in shares of Nantkwest in the fourth quarter valued at approximately $112,000. Deutsche Bank AG increased its holdings in shares of Nantkwest by 116.7% in the fourth quarter. Deutsche Bank AG now owns 67,847 shares of the biotechnology company’s stock valued at $304,000 after purchasing an additional 36,542 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Nantkwest by 23.2% in the fourth quarter. Renaissance Technologies LLC now owns 232,900 shares of the biotechnology company’s stock valued at $1,046,000 after purchasing an additional 43,800 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Nantkwest by 155.8% in the third quarter. JPMorgan Chase & Co. now owns 25,579 shares of the biotechnology company’s stock valued at $140,000 after purchasing an additional 71,444 shares during the period. 15.80% of the stock is currently owned by institutional investors and hedge funds.

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Nantkwest Company Profile

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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