NantKwest, Inc. (NK) Rating Lowered to Strong Sell at BidaskClub
NantKwest, Inc. (NASDAQ:NK) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Friday.
A number of other research firms have also issued reports on NK. ValuEngine raised NantKwest from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Zacks Investment Research lowered NantKwest from a “buy” rating to a “hold” rating in a report on Tuesday, May 30th. Finally, Citigroup Inc. set a $3.00 target price on NantKwest and gave the company a “sell” rating in a report on Monday, August 14th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. NantKwest has a consensus rating of “Hold” and a consensus target price of $5.94.
Shares of NantKwest (NASDAQ:NK) opened at 5.50 on Friday. NantKwest has a 52 week low of $4.35 and a 52 week high of $8.31. The stock’s 50 day moving average is $5.90 and its 200-day moving average is $5.90. The firm’s market cap is $436.92 million.
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In other news, Director Steve Gorlin sold 103,841 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $6.04, for a total value of $627,199.64. Following the transaction, the director now owns 375,002 shares of the company’s stock, valued at $2,265,012.08. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 70.19% of the company’s stock.
A number of hedge funds have recently made changes to their positions in NK. Renaissance Technologies LLC grew its holdings in NantKwest by 1,884.1% during the first quarter. Renaissance Technologies LLC now owns 486,100 shares of the biotechnology company’s stock worth $1,726,000 after acquiring an additional 461,600 shares during the period. Vanguard Group Inc. grew its holdings in NantKwest by 8.4% during the first quarter. Vanguard Group Inc. now owns 2,082,706 shares of the biotechnology company’s stock worth $7,394,000 after acquiring an additional 160,510 shares during the period. Northern Trust Corp grew its holdings in NantKwest by 67.8% during the second quarter. Northern Trust Corp now owns 304,062 shares of the biotechnology company’s stock worth $2,308,000 after acquiring an additional 122,906 shares during the period. State Street Corp grew its holdings in NantKwest by 52.9% during the second quarter. State Street Corp now owns 341,007 shares of the biotechnology company’s stock worth $2,589,000 after acquiring an additional 117,946 shares during the period. Finally, Alps Advisors Inc. acquired a new position in NantKwest during the second quarter worth $563,000. 18.79% of the stock is currently owned by hedge funds and other institutional investors.
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