Adaptimmune Therapeutics PLC – (NASDAQ:ADAP) shot up 0.8% on Thursday . The company traded as high as $11.74 and last traded at $11.49. 507,722 shares traded hands during trading, a decline of 17% from the average session volume of 612,463 shares. The stock had previously closed at $11.40.
A number of research firms recently weighed in on ADAP. BidaskClub raised shares of Adaptimmune Therapeutics from a “sell” rating to a “hold” rating in a report on Friday. Leerink Swann reaffirmed an “outperform” rating on shares of Adaptimmune Therapeutics in a report on Thursday, March 15th. Zacks Investment Research lowered shares of Adaptimmune Therapeutics from a “hold” rating to a “sell” rating in a report on Monday, March 19th. Finally, ValuEngine lowered shares of Adaptimmune Therapeutics from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $11.58.
The stock has a market capitalization of $1,068.03, a price-to-earnings ratio of -13.86 and a beta of 1.79.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James & Associates bought a new position in Adaptimmune Therapeutics during the 4th quarter valued at $114,000. Cubist Systematic Strategies LLC bought a new position in Adaptimmune Therapeutics during the 3rd quarter valued at $182,000. Dynamic Technology Lab Private Ltd bought a new position in Adaptimmune Therapeutics during the 3rd quarter valued at $199,000. Iguana Healthcare Management LLC bought a new position in Adaptimmune Therapeutics during the 3rd quarter valued at $205,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in Adaptimmune Therapeutics during the 4th quarter valued at $244,000. Hedge funds and other institutional investors own 55.58% of the company’s stock.
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Adaptimmune Therapeutics Company Profile
Adaptimmune Therapeutics plc is a clinical-stage biopharmaceutical company. The Company is focused on cancer immunotherapy products based on its Specific Peptide Enhanced Affinity Receptor (SPEAR) T-cell platform. The Company has developed a platform that enables it to identify cancer targets, find and genetically engineer TCR, and produce TCR therapeutic candidates for administration to patients.
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