Nantkwest Inc (NK) Given Average Rating of “Buy” by Brokerages

Shares of Nantkwest Inc (NASDAQ:NK) have been assigned a consensus recommendation of “Buy” from the six research firms that are presently covering the company. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $12.00.

NK has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Nantkwest from a “buy” rating to a “hold” rating in a research note on Wednesday, January 18th. Jefferies Group LLC lowered shares of Nantkwest from a “buy” rating to a “hold” rating and set a $6.00 target price for the company. in a research note on Tuesday, January 24th. Finally, FBR & Co reaffirmed an “outperform” rating and set a $9.00 target price (down previously from $22.00) on shares of Nantkwest in a research note on Friday, March 17th.

A number of institutional investors have recently made changes to their positions in the stock. Teachers Advisors LLC raised its position in shares of Nantkwest by 53.6% in the fourth quarter. Teachers Advisors LLC now owns 40,507 shares of the biotechnology company’s stock valued at $232,000 after buying an additional 14,131 shares in the last quarter. Vident Investment Advisory LLC raised its position in shares of Nantkwest by 13.5% in the fourth quarter. Vident Investment Advisory LLC now owns 115,579 shares of the biotechnology company’s stock worth $661,000 after buying an additional 13,732 shares during the period. Tudor Investment Corp Et Al acquired a new position in shares of Nantkwest during the fourth quarter worth about $102,000. A.R.T. Advisors LLC acquired a new position in shares of Nantkwest during the fourth quarter worth about $124,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Nantkwest during the fourth quarter worth about $140,000. Institutional investors own 24.24% of the company’s stock.

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Nantkwest (NASDAQ:NK) traded up 0.91% on Tuesday, hitting $3.33. 208,225 shares of the stock were exchanged. Nantkwest has a 12 month low of $2.83 and a 12 month high of $10.26. The firm’s market cap is $274.05 million. The company has a 50-day moving average of $3.63 and a 200 day moving average of $5.59.

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