Atara Biotherapeutics Inc (NASDAQ:ATRA) – Stock analysts at William Blair increased their Q1 2018 earnings per share estimates for Atara Biotherapeutics in a research report issued on Tuesday. William Blair analyst M. Phipps now anticipates that the biotechnology company will post earnings per share of ($0.96) for the quarter, up from their previous forecast of ($0.99). William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Atara Biotherapeutics’ Q2 2018 earnings at ($0.88) EPS, Q3 2018 earnings at ($0.93) EPS, Q4 2018 earnings at ($0.97) EPS, FY2018 earnings at ($3.75) EPS, FY2019 earnings at ($4.16) EPS, FY2020 earnings at ($3.27) EPS, FY2021 earnings at ($2.79) EPS and FY2022 earnings at ($2.33) EPS.
A number of other analysts have also commented on the stock. Jefferies Group upped their price objective on shares of Atara Biotherapeutics from $30.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, March 5th. Citigroup lowered shares of Atara Biotherapeutics from a “neutral” rating to a “sell” rating in a research note on Thursday, February 15th. Canaccord Genuity reaffirmed a “positive” rating and set a $70.00 price objective (up from $47.00) on shares of Atara Biotherapeutics in a research note on Friday, January 19th. BidaskClub raised shares of Atara Biotherapeutics from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 23rd. Finally, ValuEngine raised shares of Atara Biotherapeutics from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $33.80.
In other news, CFO John Mcgrath sold 32,000 shares of the stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $20.00, for a total value of $640,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Isaac E. Ciechanover sold 2,200 shares of the stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $15.15, for a total transaction of $33,330.00. Following the completion of the sale, the chief executive officer now directly owns 743,675 shares of the company’s stock, valued at $11,266,676.25. The disclosure for this sale can be found here. Insiders sold 358,597 shares of company stock valued at $11,295,967 over the last three months. 16.20% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of Atara Biotherapeutics in the third quarter worth approximately $142,000. Russell Investments Group Ltd. purchased a new stake in shares of Atara Biotherapeutics in the third quarter worth approximately $170,000. Voya Investment Management LLC lifted its position in shares of Atara Biotherapeutics by 16.2% in the second quarter. Voya Investment Management LLC now owns 11,813 shares of the biotechnology company’s stock worth $165,000 after purchasing an additional 1,651 shares in the last quarter. MetLife Investment Advisors LLC purchased a new stake in shares of Atara Biotherapeutics in the fourth quarter worth approximately $217,000. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Atara Biotherapeutics by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 20,377 shares of the biotechnology company’s stock worth $285,000 after purchasing an additional 1,369 shares in the last quarter. 76.88% of the stock is owned by institutional investors and hedge funds.
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Atara Biotherapeutics Company Profile
Atara Biotherapeutics, Inc is a clinical-stage biopharmaceutical company. The Company is focused on developing therapies for patients with severe and life-threatening diseases. The Company operates through the business of developing and commercializing therapeutics segment. The Company is focused on developing allogeneic or third-party derived antigen-specific T-cells.
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