Nektar Therapeutics (NASDAQ:NKTR) CEO Howard W. Robin sold 83,333 shares of Nektar Therapeutics stock in a transaction on Monday, October 9th. The shares were sold at an average price of $24.20, for a total value of $2,016,658.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Nektar Therapeutics (NKTR) opened at 23.27 on Wednesday. The company’s market cap is $3.64 billion. Nektar Therapeutics has a 1-year low of $11.41 and a 1-year high of $25.02. The stock’s 50 day moving average price is $21.98 and its 200-day moving average price is $20.41.
Nektar Therapeutics (NASDAQ:NKTR) last released its quarterly earnings results on Tuesday, August 8th. The biopharmaceutical company reported ($0.39) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by ($0.04). The firm had revenue of $34.60 million for the quarter, compared to analysts’ expectations of $33.64 million. Nektar Therapeutics had a negative net margin of 157.14% and a negative return on equity of 1,223.34%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.36) EPS. On average, analysts forecast that Nektar Therapeutics will post ($0.98) earnings per share for the current year.
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Several research analysts have recently weighed in on NKTR shares. Jefferies Group LLC restated a “buy” rating and issued a $23.00 price target on shares of Nektar Therapeutics in a research note on Friday, August 18th. BidaskClub raised Nektar Therapeutics from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. HC Wainwright assumed coverage on Nektar Therapeutics in a report on Monday, August 7th. They issued a “buy” rating and a $31.00 price objective for the company. Zacks Investment Research lowered Nektar Therapeutics from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Finally, William Blair reissued an “outperform” rating on shares of Nektar Therapeutics in a report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $26.80.
Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. grew its stake in shares of Nektar Therapeutics by 180,432.9% in the first quarter. BlackRock Inc. now owns 20,035,546 shares of the biopharmaceutical company’s stock worth $470,234,000 after acquiring an additional 20,024,448 shares in the last quarter. Janus Henderson Group PLC acquired a new position in shares of Nektar Therapeutics during the second quarter worth $34,661,000. PointState Capital LP grew its stake in shares of Nektar Therapeutics by 281.7% during the second quarter. PointState Capital LP now owns 1,731,000 shares of the biopharmaceutical company’s stock worth $33,841,000 after purchasing an additional 1,277,500 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Nektar Therapeutics by 4.9% during the first quarter. Vanguard Group Inc. now owns 13,607,980 shares of the biopharmaceutical company’s stock worth $319,379,000 after purchasing an additional 634,700 shares in the last quarter. Finally, FMR LLC grew its stake in shares of Nektar Therapeutics by 42.4% during the first quarter. FMR LLC now owns 1,947,644 shares of the biopharmaceutical company’s stock worth $45,711,000 after purchasing an additional 580,341 shares in the last quarter. 95.08% of the stock is currently owned by institutional investors.
Nektar Therapeutics Company Profile
Nektar Therapeutics is a biopharmaceutical company that discovers and develops medicines in areas of high unmet medical need. The Company’s research and development pipeline of new investigational drugs includes treatments for cancer, auto-immune disease and chronic pain. It leverages its chemistry platform to discover and design new drug candidates.