Shares of Intellia Therapeutics Inc (NASDAQ:NTLA) traded down 8.3% during mid-day trading on Friday . The company traded as low as $16.12 and last traded at $16.16. 556,954 shares changed hands during trading, a decline of 12% from the average session volume of 635,144 shares. The stock had previously closed at $17.62.

A number of analysts recently issued reports on the stock. BidaskClub upgraded shares of Intellia Therapeutics from a “sell” rating to a “hold” rating in a report on Wednesday, February 27th. Zacks Investment Research downgraded shares of Intellia Therapeutics from a “buy” rating to a “hold” rating in a report on Tuesday, January 29th. Chardan Capital restated a “buy” rating and set a $57.50 price objective on shares of Intellia Therapeutics in a report on Wednesday, February 27th. Leerink Swann assumed coverage on shares of Intellia Therapeutics in a report on Tuesday, November 27th. They set an “outperform” rating and a $23.00 price objective for the company. Finally, BTIG Research assumed coverage on shares of Intellia Therapeutics in a report on Thursday, February 7th. They set a “buy” rating and a $20.00 price objective for the company. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $29.08.

The company has a market capitalization of $730.84 million, a price-to-earnings ratio of -8.16 and a beta of 2.92.

Intellia Therapeutics (NASDAQ:NTLA) last posted its earnings results on Wednesday, February 27th. The company reported ($0.43) earnings per share for the quarter, topping the consensus estimate of ($0.55) by $0.12. The firm had revenue of $7.90 million during the quarter, compared to the consensus estimate of $9.92 million. Intellia Therapeutics had a negative net margin of 280.42% and a negative return on equity of 30.59%. The company’s revenue was up 17.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.61) earnings per share. Equities analysts anticipate that Intellia Therapeutics Inc will post -2.59 earnings per share for the current year.

In other Intellia Therapeutics news, EVP Andrew Schiermeier bought 7,500 shares of Intellia Therapeutics stock in a transaction dated Wednesday, March 6th. The stock was purchased at an average price of $15.72 per share, for a total transaction of $117,900.00. Following the completion of the purchase, the executive vice president now directly owns 3,250 shares of the company’s stock, valued at $51,090. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.20% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of NTLA. Bank of New York Mellon Corp grew its stake in Intellia Therapeutics by 6.1% during the third quarter. Bank of New York Mellon Corp now owns 131,051 shares of the company’s stock valued at $3,751,000 after acquiring an additional 7,557 shares in the last quarter. BlackRock Inc. grew its stake in Intellia Therapeutics by 7.4% during the third quarter. BlackRock Inc. now owns 2,744,397 shares of the company’s stock valued at $78,545,000 after acquiring an additional 188,098 shares in the last quarter. Dimensional Fund Advisors LP purchased a new position in Intellia Therapeutics during the third quarter valued at approximately $1,236,000. Allianz Asset Management GmbH grew its stake in Intellia Therapeutics by 52.3% during the third quarter. Allianz Asset Management GmbH now owns 121,654 shares of the company’s stock valued at $3,482,000 after acquiring an additional 41,765 shares in the last quarter. Finally, Greenwoods Asset Management Ltd grew its stake in Intellia Therapeutics by 42.0% during the third quarter. Greenwoods Asset Management Ltd now owns 351,531 shares of the company’s stock valued at $10,061,000 after acquiring an additional 104,000 shares in the last quarter. 69.64% of the stock is owned by institutional investors.

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Intellia Therapeutics Company Profile (NASDAQ:NTLA)

Intellia Therapeutics, Inc, a gene editing company, focuses on the development of therapeutics utilizing a biological tool known as the CRISPR/Cas9 system. The company develops in vivo programs focused on liver diseases, including transthyretin amyloidosis, alpha-1 antitrypsin deficiency, hepatitis B virus, and inborn errors of metabolism programs.

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