Somewhat Positive Press Coverage Somewhat Unlikely to Impact Aduro BioTech (ADRO) Stock Price

News articles about Aduro BioTech (NASDAQ:ADRO) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Aduro BioTech earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned headlines about the biotechnology company an impact score of 44.4326166066319 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the news headlines that may have effected Accern Sentiment’s rankings:

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Shares of NASDAQ ADRO traded up $0.15 during mid-day trading on Tuesday, hitting $7.65. The company had a trading volume of 104,673 shares, compared to its average volume of 598,149. The stock has a market cap of $583.25, a P/E ratio of -5.38 and a beta of 2.03. Aduro BioTech has a 1-year low of $5.82 and a 1-year high of $14.05.

Aduro BioTech (NASDAQ:ADRO) last announced its quarterly earnings data on Thursday, March 1st. The biotechnology company reported ($0.35) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.36) by $0.01. The business had revenue of $3.76 million for the quarter, compared to analysts’ expectations of $4.32 million. Aduro BioTech had a negative return on equity of 37.86% and a negative net margin of 532.88%. sell-side analysts expect that Aduro BioTech will post -1.29 earnings per share for the current fiscal year.

A number of research firms have commented on ADRO. BidaskClub cut Aduro BioTech from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 6th. ValuEngine cut Aduro BioTech from a “sell” rating to a “strong sell” rating in a research note on Friday, April 6th. Zacks Investment Research cut Aduro BioTech from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Cantor Fitzgerald restated a “buy” rating and set a $15.00 price target on shares of Aduro BioTech in a research note on Monday, March 5th. Finally, Bank of America decreased their price target on Aduro BioTech from $9.00 to $8.00 and set an “underperform” rating on the stock in a research note on Friday, March 2nd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. Aduro BioTech currently has a consensus rating of “Buy” and a consensus target price of $14.50.

In other news, insider Elsas Andrea Van sold 6,874 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $6.48, for a total value of $44,543.52. Following the sale, the insider now directly owns 216,669 shares in the company, valued at $1,404,015.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Stephen T. Isaacs sold 40,000 shares of the stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $8.91, for a total value of $356,400.00. Following the completion of the sale, the insider now owns 245,746 shares in the company, valued at $2,189,596.86. The disclosure for this sale can be found here. Over the last quarter, insiders sold 118,925 shares of company stock worth $1,011,936. Insiders own 6.60% of the company’s stock.

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About Aduro BioTech

Aduro BioTech, Inc, an immunotherapy company, focuses on the discovery, development, and commercialization of therapies that transform the treatment of challenging diseases. The company is developing ADU-S100, which is in Phase I monotherapy study, as well as in Phase 1b combination study with an anti-PD1 immune checkpoint inhibitor; ADU-214 that is in Phase I clinical trials for the treatment of lung cancer; and ADU-741 for the treatment of prostate cancer.

Insider Buying and Selling by Quarter for Aduro BioTech (NASDAQ:ADRO)

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