Neon Therapeutics (NTGN) Sets New 52-Week Low at $4.31

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Shares of Neon Therapeutics Inc (NASDAQ:NTGN) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $4.31 and last traded at $4.36, with a volume of 1400 shares traded. The stock had previously closed at $4.50.

Several analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Neon Therapeutics from a “buy” rating to a “hold” rating in a research note on Wednesday, January 9th. ValuEngine downgraded shares of Neon Therapeutics from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Neon Therapeutics currently has an average rating of “Buy” and a consensus target price of $17.88.

Neon Therapeutics (NASDAQ:NTGN) last posted its quarterly earnings results on Monday, November 12th. The company reported ($0.67) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.79) by $0.12. On average, research analysts expect that Neon Therapeutics Inc will post -4.5 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of NTGN. Partner Investment Management L.P. raised its stake in Neon Therapeutics by 32,903.8% in the third quarter. Partner Investment Management L.P. now owns 832,355 shares of the company’s stock worth $5,841,000 after buying an additional 829,833 shares in the last quarter. Pharmstandard International S.A. bought a new position in Neon Therapeutics in the third quarter worth approximately $5,027,000. BlackRock Inc. bought a new position in Neon Therapeutics in the third quarter worth approximately $2,348,000. Millennium Management LLC bought a new position in Neon Therapeutics in the second quarter worth approximately $2,022,000. Finally, Vanguard Group Inc raised its stake in Neon Therapeutics by 215.9% in the third quarter. Vanguard Group Inc now owns 197,414 shares of the company’s stock worth $1,686,000 after buying an additional 134,914 shares in the last quarter. 71.09% of the stock is owned by hedge funds and other institutional investors.

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Neon Therapeutics Company Profile (NASDAQ:NTGN)

Neon Therapeutics, Inc, a clinical-stage immuno-oncology company, engages in developing neoantigen-targeted therapies for cancers in the United States. It is developing NEO-PV-01, a neoantigen vaccine that is in Phase Ib clinical trial in combination with nivolumab for the treatment of metastatic melanoma, non-small cell lung cancer, and bladder cancer; NEO-PTC-01, a neoantigen T cell therapy for the treatment of solid tumors; and NEO-SV-01, a neoantigen vaccine for the treatment of estrogen-receptor-positive breast cancer.

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