Adaptimmune Therapeutics PLC (ADAP) Sets New 1-Year High at $8.52
Adaptimmune Therapeutics PLC (NASDAQ:ADAP)’s share price reached a new 52-week high on Friday . The stock traded as high as $8.52 and last traded at $8.60, with a volume of 1,100,507 shares trading hands. The stock had previously closed at $7.55.
A number of brokerages recently issued reports on ADAP. BidaskClub raised Adaptimmune Therapeutics PLC from a “sell” rating to a “hold” rating in a research report on Sunday, July 16th. Cowen and Company reissued a “buy” rating on shares of Adaptimmune Therapeutics PLC in a research report on Tuesday, June 6th. ValuEngine raised Adaptimmune Therapeutics PLC from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 20th. Finally, Zacks Investment Research lowered Adaptimmune Therapeutics PLC from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $12.08.
The stock’s market cap is $812.68 million. The stock’s 50 day moving average price is $5.62 and its 200 day moving average price is $5.16.
Adaptimmune Therapeutics PLC (NASDAQ:ADAP) last announced its quarterly earnings results on Thursday, August 3rd. The biotechnology company reported ($0.24) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.24). The business had revenue of $3.52 million for the quarter, compared to analyst estimates of $5.43 million. Adaptimmune Therapeutics PLC had a negative return on equity of 38.73% and a negative net margin of 438.00%. On average, equities research analysts expect that Adaptimmune Therapeutics PLC will post ($0.99) earnings per share for the current year.
A number of large investors have recently made changes to their positions in ADAP. Matrix Capital Management Company LP bought a new position in Adaptimmune Therapeutics PLC in the second quarter worth approximately $39,027,000. NEA Management Company LLC boosted its holdings in Adaptimmune Therapeutics PLC by 21.7% in the first quarter. NEA Management Company LLC now owns 12,025,999 shares of the biotechnology company’s stock worth $66,263,000 after acquiring an additional 2,145,000 shares in the last quarter. AXA bought a new position in Adaptimmune Therapeutics PLC in the first quarter worth approximately $4,959,000. Tekla Capital Management LLC boosted its holdings in Adaptimmune Therapeutics PLC by 158.9% in the first quarter. Tekla Capital Management LLC now owns 1,466,368 shares of the biotechnology company’s stock worth $8,080,000 after acquiring an additional 900,000 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in Adaptimmune Therapeutics PLC in the first quarter worth approximately $2,883,000. Institutional investors and hedge funds own 68.01% of the company’s stock.
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About Adaptimmune Therapeutics PLC
Adaptimmune Therapeutics plc is a clinical-stage biopharmaceutical company. The Company is focused on cancer immunotherapy products based on its Specific Peptide Enhanced Affinity Receptor (SPEAR) T-cell platform. The Company has developed a platform that enables it to identify cancer targets, find and genetically engineer TCR, and produce TCR therapeutic candidates for administration to patients.