Intellia Therapeutics, Inc. (NTLA) Trading -4.3% Higher
Intellia Therapeutics, Inc. (NASDAQ:NTLA)’s share price traded up 4.3% during trading on Friday . The stock traded as high as $26.70 and last traded at $24.63. 235,447 shares traded hands during mid-day trading, a decline of 14% from the average session volume of 275,257 shares. The stock had previously closed at $25.75.
Several equities analysts have commented on the company. Chardan Capital downgraded Intellia Therapeutics from a “buy” rating to a “neutral” rating and set a $20.00 price objective on the stock. in a research report on Tuesday, August 29th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Intellia Therapeutics in a research report on Thursday, June 22nd. ValuEngine raised Intellia Therapeutics from a “sell” rating to a “hold” rating in a research report on Friday. Credit Suisse Group set a $24.00 price objective on Intellia Therapeutics and gave the company a “buy” rating in a research report on Saturday, June 3rd. Finally, Cann reaffirmed a “hold” rating on shares of Intellia Therapeutics in a research report on Tuesday, August 1st. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $25.43.
The firm’s market cap is $891.97 million. The company’s 50-day moving average is $22.21 and its 200 day moving average is $22.21.
Intellia Therapeutics (NASDAQ:NTLA) last posted its earnings results on Thursday, August 3rd. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.42) by ($0.03). The business had revenue of $5.90 million for the quarter, compared to analyst estimates of $5.83 million. Intellia Therapeutics had a negative return on equity of 22.70% and a negative net margin of 204.48%. Intellia Therapeutics’s revenue for the quarter was up 40.5% compared to the same quarter last year. On average, analysts expect that Intellia Therapeutics, Inc. will post ($1.78) earnings per share for the current fiscal year.
In other Intellia Therapeutics news, major shareholder Venture Fund Ix L.P. Atlas sold 150,000 shares of the firm’s 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 Securities & Exchange Commission, which is available at the SEC website. 12.80% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of Intellia Therapeutics in the second quarter valued at $101,000. Nisa Investment Advisors LLC acquired a new stake in shares of Intellia Therapeutics in the second quarter valued at $134,000. Bank of Montreal Can grew its stake in shares of Intellia Therapeutics by 1,031.7% in the second quarter. Bank of Montreal Can now owns 7,922 shares of the company’s stock valued at $127,000 after buying an additional 7,222 shares in the last quarter. Nationwide Fund Advisors grew its stake in shares of Intellia Therapeutics by 117.7% in the second quarter. Nationwide Fund Advisors now owns 8,048 shares of the company’s stock valued at $129,000 after buying an additional 4,351 shares in the last quarter. Finally, IHT Wealth Management LLC acquired a new stake in shares of Intellia Therapeutics in the first quarter valued at $117,000. 46.52% of the stock is owned by institutional investors and hedge funds.
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Intellia Therapeutics Company Profile
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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