Shares of Intellia Therapeutics Inc (NASDAQ:NTLA) fell 5.9% during trading on Wednesday . The company traded as low as $22.70 and last traded at $23.05, with a volume of 537,584 shares changing hands. The stock had previously closed at $24.50.

A number of brokerages recently commented on NTLA. Jefferies Group reaffirmed a “buy” rating and set a $33.00 price target on shares of Intellia Therapeutics in a research report on Wednesday, August 17th. Leerink Swann began coverage on Intellia Therapeutics in a research report on Tuesday, May 31st. They set a “market perform” rating and a $32.00 price target for the company. Wedbush assumed coverage on Intellia Therapeutics in a research report on Tuesday, May 31st. They set an “outperform” rating and a $38.00 price target for the company. Zacks Investment Research lowered Intellia Therapeutics from a “hold” rating to a “sell” rating in a report on Wednesday, August 3rd. Finally, Credit Suisse Group AG assumed coverage on Intellia Therapeutics in a report on Tuesday, May 31st. They set an “outperform” rating and a $39.00 price objective for the company. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $35.50.

The firm’s 50-day moving average is $19.41 and its 200 day moving average is $23.03. The stock’s market capitalization is $761.65 million.

Intellia Therapeutics, Inc is a United States-based genome editing company focused on the development of curative therapeutics using a biological tool, CRISPR/Cas9 system. The Company’s CRISPR/Cas9 technology edits diseased genes in the human body through a single treatment course. It focuses on the therapeutic applications of CRISPR/Cas9 genome editing.

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