Monday, 23 July, 2018


Nektar Therapeutics (NASDAQ:NKTR) CEO Sells 83334 Shares of Stock

Nektar Therapeutics Nektar Therapeutics (NASDAQ:NKTR) CEO Sells 83334 Shares of Stock
Patty Aguilar | 13 November, 2017, 19:29

Shares of Nektar Therapeutics (NASDAQ:NKTR) traded down 1.46% during trading on Tuesday, hitting $12.79.

A statistical measure of the dispersion of returns (volatility) for AMBC producing salvation in Investors mouth, it has week volatility of 6.37% and for the month booked as 3.16%. This is an increase of approximately Infinity compared to the average daily volume of 0 call options.

Moving averages have the ability to be used as a powerful indicator for technical stock analysis. The PEG ratio is used to determine a stock's value while taking the company's earnings growth into account, and is considered to provide a more complete picture than the P/E ratio. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The stock was sold at an average price of $13.88, for a total transaction of $1,297,197.04. Gergel Ivan P. sold $28,348 worth of stock or 1,450 shares. The disclosure for this sale can be found here. Over the last five trading sessions, the stock has moved 11.43%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. During the same quarter past year, the firm earned ($0.06) earnings per share. Arizona State Retirement System now owns 80,945 shares of the biopharmaceutical company's stock valued at $1,582,000 after buying an additional 800 shares during the last quarter. Legal & General Group Plc now owns 306,478 shares of the biopharmaceutical company's stock worth $7,348,000 after acquiring an additional 11,475 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Nektar Therapeutics by 14.1% in the second quarter. Piedmont Investment Advisors LLC now owns 33,545 shares of the biopharmaceutical company's stock valued at $656,000 after buying an additional 24,344 shares during the last quarter. LS Investment Advisors LLC increased its stake in shares of Nektar Therapeutics by 8.8% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 6,100 shares of the biopharmaceutical company's stock worth $146,000 after buying an additional 2,700 shares during the period. The stock of Nektar Therapeutics (NASDAQ:NKTR) has "Buy" rating given on Tuesday, May 30 by Roth Capital. Ashmore Group Plc who had been investing in Irsa Inversiones Y Rep S A for a number of months, seems to be less bullish one the $1.62B market cap company.

Equity Research firms now have a positive stance on shares of Nektar Therapeutics (NASDAQ:NKTR). The company has a quick ratio of 3.82, a current ratio of 4.14 and a debt-to-equity ratio of 2.91. Nektar Therapeutics has a 52 week low of $11.41 and a 52 week high of $33.67. Breaking that down further, it has performed -63.38% for the week, -61.76% for the month, -64.86% over the last quarter, -80.60% for the past half-year and -88.60% for this a year ago. The biopharmaceutical company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.16. The business had revenue of $36.30 million for the quarter, compared to analysts' expectations of $32.42 million. The company's revenue for the quarter was up 321.2% compared to the same quarter previous year. The company beat the analyst EPS Estimate with the difference of $-0.02. Guggenheim Capital Limited Liability has invested 0.01% of its portfolio in Nektar Therapeutics (NASDAQ:NKTR). Finally, Canaccord Genuity assumed coverage on shares of Nektar Therapeutics in a report on Thursday. The stock has "Overweight" rating by Morgan Stanley on Wednesday, November 23. Craig Hallum maintained it with "Buy" rating and $1000 target in Thursday, August 3 report. Further, analysts have a 12 month target price of $29.55 on company shares.

Currently, the analyst consensus on Nektar Therapeutics is Strong Buy and the average price target is $34.17, representing a 5.1% upside. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company's stock. The stock is gapping up 26.55% before market open touching $41.20 on a recent bid.

ILLEGAL ACTIVITY WARNING: This article was first published by BBNS and is the sole property of of BBNS. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of United States & worldwide copyright legislation.

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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