Adaptimmune Therapeutics PLC (NASDAQ:ADAP) Lifted to “Sell” at ValuEngine
Adaptimmune Therapeutics PLC (NASDAQ:ADAP) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued on Thursday.
Other analysts also recently issued research reports about the stock. BidaskClub raised shares of Adaptimmune Therapeutics PLC from a “sell” rating to a “hold” rating in a research report on Sunday. Cowen and Company reissued a “buy” rating on shares of Adaptimmune Therapeutics PLC in a research report on Tuesday, June 6th. Finally, Zacks Investment Research downgraded shares of Adaptimmune Therapeutics PLC from a “buy” rating to a “hold” rating in a research report on Monday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $12.08.
Shares of Adaptimmune Therapeutics PLC (ADAP) traded up 1.02% on Thursday, reaching $5.94. 113,358 shares of the company were exchanged. The company has a 50-day moving average price of $4.97 and a 200 day moving average price of $4.84. Adaptimmune Therapeutics PLC has a 1-year low of $3.76 and a 1-year high of $8.89.
Adaptimmune Therapeutics PLC (NASDAQ:ADAP) last posted its earnings results on Wednesday, May 10th. The biotechnology company reported ($0.30) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.24) by $0.06. The business had revenue of $2.86 million for the quarter, compared to analyst estimates of $5.07 million. Adaptimmune Therapeutics PLC had a negative return on equity of 41.40% and a negative net margin of 550.22%. Equities analysts predict that Adaptimmune Therapeutics PLC will post ($1.04) EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Adaptimmune Therapeutics PLC during the first quarter valued at about $120,000. KCG Holdings Inc. purchased a new stake in shares of Adaptimmune Therapeutics PLC during the first quarter valued at about $133,000. Monashee Investment Management LLC purchased a new stake in shares of Adaptimmune Therapeutics PLC during the first quarter valued at about $138,000. Paloma Partners Management Co purchased a new stake in shares of Adaptimmune Therapeutics PLC during the first quarter valued at about $165,000. Finally, Creative Planning increased its stake in shares of Adaptimmune Therapeutics PLC by 32.8% in the first quarter. Creative Planning now owns 40,500 shares of the biotechnology company’s stock valued at $223,000 after buying an additional 10,000 shares during the period. 56.15% of the stock is owned by institutional investors.
Adaptimmune Therapeutics PLC Company Profile
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.
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