Adaptimmune Therapeutics PLC (NASDAQ:ADAP) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

A number of other equities research analysts have also weighed in on ADAP. Cowen and Company reiterated a “buy” rating on shares of Adaptimmune Therapeutics PLC in a research note on Tuesday, June 6th. Zacks Investment Research upgraded shares of Adaptimmune Therapeutics PLC from a “hold” rating to a “buy” rating and set a $5.25 target price for the company in a research note on Wednesday, July 12th. Finally, ValuEngine upgraded shares of Adaptimmune Therapeutics PLC from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Adaptimmune Therapeutics PLC currently has a consensus rating of “Hold” and a consensus target price of $12.08.

Shares of Adaptimmune Therapeutics PLC (NASDAQ ADAP) traded down 0.76% during midday trading on Friday, hitting $5.21. The company had a trading volume of 147,611 shares. Adaptimmune Therapeutics PLC has a 12-month low of $3.76 and a 12-month high of $8.36. The firm’s 50-day moving average is $5.32 and its 200-day moving average is $5.02. The firm’s market capitalization is $487.23 million.

Adaptimmune Therapeutics PLC (NASDAQ:ADAP) last announced its earnings results on Thursday, August 3rd. The biotechnology company reported ($0.24) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.24). The business had revenue of $3.52 million during the quarter, compared to analyst estimates of $5.43 million. Adaptimmune Therapeutics PLC had a negative net margin of 438.00% and a negative return on equity of 38.73%. On average, analysts predict that Adaptimmune Therapeutics PLC will post ($1.06) earnings per share for the current fiscal year.

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Large investors have recently made changes to their positions in the stock. Creative Planning raised 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 worth $223,000 after buying an additional 10,000 shares in the last quarter. Granite Investment Partners LLC bought a new stake in shares of Adaptimmune Therapeutics PLC during the first quarter worth $1,078,000. Essex Investment Management Co. LLC bought a new stake in shares of Adaptimmune Therapeutics PLC during the first quarter worth $225,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Adaptimmune Therapeutics PLC during the first quarter worth $120,000. Finally, NEA Management Company LLC raised its stake in shares of 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 buying an additional 2,145,000 shares in the last quarter. Institutional investors and hedge funds own 56.34% of the company’s stock.

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.

Analyst Recommendations for Adaptimmune Therapeutics PLC (NASDAQ:ADAP)

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