Unum Therapeutics Inc (UMRX) Given Average Recommendation of “Buy” by Analysts

Unum Therapeutics Inc (NASDAQ:UMRX) has received an average recommendation of “Buy” from the six analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $14.60.

Several research analysts have issued reports on UMRX shares. Cowen started coverage on Unum Therapeutics in a research report on Tuesday, February 26th. They issued a “market perform” rating on the stock. Zacks Investment Research cut Unum Therapeutics from a “buy” rating to a “hold” rating in a research report on Thursday, February 21st. SunTrust Banks lowered their price objective on Unum Therapeutics to $10.00 and set a “buy” rating on the stock in a research report on Friday, March 29th. They noted that the move was a valuation call. Finally, HC Wainwright reaffirmed a “buy” rating and set a $18.00 price objective on shares of Unum Therapeutics in a research report on Friday, March 29th.

NASDAQ:UMRX traded up $0.02 on Wednesday, hitting $3.58. The stock had a trading volume of 636 shares, compared to its average volume of 60,020. The stock has a market capitalization of $107.12 million and a price-to-earnings ratio of -2.59. Unum Therapeutics has a 52-week low of $3.30 and a 52-week high of $17.66.

Unum Therapeutics (NASDAQ:UMRX) last announced its earnings results on Thursday, March 28th. The company reported ($0.29) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.33) by $0.04. The business had revenue of $3.80 million for the quarter, compared to analysts’ expectations of $2.58 million. Unum Therapeutics had a negative return on equity of 96.46% and a negative net margin of 354.88%. As a group, equities analysts forecast that Unum Therapeutics will post -1.3 earnings per share for the current year.

In other news, insider Seth Ettenberg sold 11,485 shares of Unum Therapeutics stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $4.12, for a total transaction of $47,318.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

A number of institutional investors and hedge funds have recently modified their holdings of UMRX. American International Group Inc. raised its stake in Unum Therapeutics by 432.8% during the 4th quarter. American International Group Inc. now owns 12,531 shares of the company’s stock valued at $55,000 after purchasing an additional 10,179 shares during the period. Jane Street Group LLC bought a new stake in Unum Therapeutics during the 3rd quarter valued at approximately $150,000. Bank of New York Mellon Corp raised its stake in Unum Therapeutics by 251.5% during the 4th quarter. Bank of New York Mellon Corp now owns 46,248 shares of the company’s stock valued at $204,000 after purchasing an additional 33,091 shares during the period. JPMorgan Chase & Co. raised its stake in Unum Therapeutics by 2,782.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,753 shares of the company’s stock valued at $213,000 after purchasing an additional 20,033 shares during the period. Finally, Citadel Advisors LLC bought a new stake in Unum Therapeutics during the 3rd quarter valued at approximately $235,000. 47.42% of the stock is currently owned by institutional investors.

Unum Therapeutics Company Profile

Unum Therapeutics Inc, a clinical stage biopharmaceutical company, develops and commercializes immunotherapy products designed to harness the power of a patient's immune system to cure cancer. The company's lead product candidate is the ACTR707 used in combination with rituximab, which is in Phase I clinical trials to treat adult patients with relapsed or refractory CD20+ B cell non-Hodgkin lymphoma (r/r NHL).

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Analyst Recommendations for Unum Therapeutics (NASDAQ:UMRX)

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