Intellia Therapeutics, Inc. (NASDAQ:NTLA) Forecasted to Earn Q3 2017 Earnings of ($0.54) Per Share
Intellia Therapeutics, Inc. (NASDAQ:NTLA) – Stock analysts at Jefferies Group decreased their Q3 2017 earnings per share estimates for shares of Intellia Therapeutics in a research note issued on Wednesday. Jefferies Group analyst M. Raycroft now forecasts that the company will earn ($0.54) per share for the quarter, down from their prior estimate of ($0.53). Jefferies Group has a “Buy” rating and a $36.00 price target on the stock. Jefferies Group also issued estimates for Intellia Therapeutics’ Q4 2017 earnings at ($0.64) EPS, FY2017 earnings at ($1.99) EPS, FY2018 earnings at ($2.52) EPS, FY2019 earnings at ($2.98) EPS, FY2020 earnings at ($2.62) EPS and FY2021 earnings at ($2.48) EPS.
Several other research analysts have also recently weighed in on the company. Credit Suisse Group set a $24.00 price objective on Intellia Therapeutics and gave the stock a “buy” rating in a research report on Wednesday, May 3rd. Wedbush reiterated an “outperform” rating and set a $25.00 price objective on shares of Intellia Therapeutics in a research report on Wednesday, May 3rd. Zacks Investment Research upgraded Intellia Therapeutics from a “sell” rating to a “hold” rating in a research report on Tuesday, April 18th. Cann reiterated a “market perform” rating on shares of Intellia Therapeutics in a research report on Monday, July 17th. Finally, TheStreet upgraded Intellia Therapeutics from a “d+” rating to a “c-” rating in a research report on Thursday, July 6th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $25.86.
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Shares of Intellia Therapeutics (NASDAQ:NTLA) opened at 16.10 on Friday. Intellia Therapeutics has a 1-year low of $10.83 and a 1-year high of $24.90. The firm’s 50-day moving average is $15.83 and its 200-day moving average is $14.14. The firm’s market cap is $581.40 million.
Intellia Therapeutics (NASDAQ:NTLA) last posted its quarterly earnings results on Thursday, August 3rd. The company reported ($0.45) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.42) by $0.03. Intellia Therapeutics had a negative return on equity of 22.70% and a negative net margin of 204.48%. The business had revenue of $5.90 million for the quarter, compared to analyst estimates of $5.83 million. The company’s quarterly revenue was up 40.5% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. GMT Capital Corp purchased a new position in shares of Intellia Therapeutics during the first quarter worth about $4,657,000. Acadian Asset Management LLC purchased a new position in shares of Intellia Therapeutics during the first quarter worth about $1,355,000. Paulson & CO. Inc. purchased a new position in shares of Intellia Therapeutics during the first quarter worth about $1,107,000. Norges Bank purchased a new position in shares of Intellia Therapeutics during the fourth quarter worth about $886,000. Finally, UBS Group AG raised its position in shares of Intellia Therapeutics by 432.0% in the first quarter. UBS Group AG now owns 60,935 shares of the company’s stock worth $859,000 after buying an additional 49,480 shares during the period. Hedge funds and other institutional investors own 46.99% of the company’s stock.
In other Intellia Therapeutics news, major shareholder Venture Fund Ix L.P. Atlas sold 150,000 shares of the stock in a transaction on Tuesday, July 11th. The stock was sold at an average price of $16.24, for a total transaction of $2,436,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 12.80% of the stock is owned by company insiders.
About Intellia Therapeutics
Intellia Therapeutics, Inc is a genome editing company. The Company is focused on developing therapeutics utilizing a biological tool known as CRISPR/Cas9. The CRISPR/Cas9 genome editing system includes two components: the Cas9 protein and the guide RNA sequence. The Cas9 protein acts like a pair of molecular scissors that initiates the natural cellular repair process to knockout, repair or insert a gene.
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