Hot Stock to Watch: Nektar Therapeutics (NKTR)

Hot Stock to Watch: Nektar Therapeutics (NKTR)

Short shares fell from 12,723,557 to 12,559,722 over that timeframe. Prelude Capital Management Ltd Limited Liability Company reported 0.08% stake. Louisiana State Employees Retirement System boosted its stake in Nektar Therapeutics by 0.8% in the 2nd quarter. The company's price to sales ratio for trailing twelve months is 13.51 and price to book ratio for most recent quarter is 2.27, whereas price to cash per share for the most recent quarter is 62.20. Its position was valued at $28,378,000 an increase of $6,370,000 according to the filing.

Nektar Therapeutics is a biopharmaceutical company that discovers and develops medicines in areas of high unmet medical need. Over the last quarter, insiders have sold 1,024,757 shares of company stock valued at $25,974,361. US Bancorp DE boosted its stake in shares of Nektar Therapeutics by 0.7% in the third quarter. ValuEngine raised Nektar Therapeutics from a sell rating to a hold rating in a report on Friday, September 1st.

There's a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on Lannett (NYSE: LCI) and Nektar Therapeutics (NASDAQ: NKTR) with bullish sentiments.

Prologis, Inc. (NYSE:PLD) overall volume in the last trading session was 1,587,602 shares. The company has market cap of $1.66 billion. Nektar Therapeutics has a 52 week low of $11.41 and a 52 week high of $33.67.

We see here that the stock is -51.06% away from the 20-Day Simple Moving Average.

Rothschild Asset Management Inc raised its position in Nektar Therapeutics shares by 5.0% as of the end of the last quarter. After $0.21 actual earnings per share reported by Cypress Semiconductor Corporation for the previous quarter, Wall Street now forecasts -14.29% negative EPS growth. Nektar Therapeutics had a negative return on equity of 190.68% and a negative net margin of 42.08%. The business had revenue of $36.30 million for the quarter, compared to analysts' expectations of $32.42 million. They expect $0.60 earnings per share, up 9.09% or $0.05 from last year's $0.55 per share. The business's revenue was down 39.4% on a year-over-year basis. Nektar Therapeutics had 18 analyst reports since August 6, 2015 according to SRatingsIntel. Nektar Therapeutics (NDAQ:NKTR) has risen 41.52% since November 13, 2016 and is uptrending. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States and worldwide copyright laws. The correct version of this report can be accessed at markets/1894888/harvey-capital-management-inc-has-6567000-stake-in-nektar-therapeutics-nktr.html. CY's profit will be $60.11 million for 23.50 P/E if the $0.18 EPS becomes a reality.

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November 8 investment analysts at Mizuho kept the stock rating at "Buy" with a current price target of $30.00.

Several equities research analysts recently issued reports on the stock. If the $33.80 price target is reached, the company will be worth $209.60 million more.

On November 9, 2017 Canaccord Genuity released research on NKTR with an initial rating of "Buy". It improved, as 17 investors sold Nektar Therapeutics shares while 40 reduced holdings. November 8 investment analysts at Jefferies Group LLC held the company rating at "Buy" targeting a price of $35.00.

In other news, CEO Howard W. Robin sold 91,714 shares of the company's stock in a transaction that occurred on Wednesday, August 16th. The stock has "Buy" rating by Roth Capital on Monday, September 21. Following the completion of the sale, the chief executive officer now directly owns 152,504 shares in the company, valued at $2,937,227.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director R Scott Greer acquired 15,000 shares of the firm's stock in a transaction dated Monday, October 24th. The company has Beta Value of 1.33 and ATR value of 1.44. The disclosure for this purchase can be found here. Institutional investors and hedge funds own 95.11% of the company's stock.

Nektar Therapeutics is a biopharmaceutical company. The Company's research and development pipeline of new investigational drugs includes treatments for cancer, auto-immune disease and chronic pain.

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