venBio Select Advisor LLC acquired a new stake in shares of Allogene Therapeutics Inc (NASDAQ:ALLO) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,128,584 shares of the company’s stock, valued at approximately $27,753,000. Allogene Therapeutics makes up about 1.7% of venBio Select Advisor LLC’s portfolio, making the stock its 14th biggest position. venBio Select Advisor LLC owned approximately 0.93% of Allogene Therapeutics at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Sphera Funds Management LTD. acquired a new stake in shares of Allogene Therapeutics in the 4th quarter valued at $3,055,000. Lord Abbett & CO. LLC bought a new position in shares of Allogene Therapeutics in the fourth quarter valued at about $10,826,000. American International Group Inc. bought a new position in shares of Allogene Therapeutics in the fourth quarter valued at about $379,000. Geode Capital Management LLC bought a new position in shares of Allogene Therapeutics in the fourth quarter valued at about $8,592,000. Finally, Northern Trust Corp bought a new position in shares of Allogene Therapeutics in the fourth quarter valued at about $7,709,000. 44.94% of the stock is currently owned by hedge funds and other institutional investors.
ALLO has been the subject of a number of research analyst reports. Cowen reaffirmed a “buy” rating on shares of Allogene Therapeutics in a report on Friday, March 8th. Zacks Investment Research cut Allogene Therapeutics from a “buy” rating to a “hold” rating in a report on Monday, January 28th. JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $29.00 price target on shares of Allogene Therapeutics in a report on Monday. William Blair initiated coverage on Allogene Therapeutics in a report on Wednesday. They issued an “outperform” rating for the company. Finally, Raymond James initiated coverage on Allogene Therapeutics in a report on Thursday. They issued an “outperform” rating for the company. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Allogene Therapeutics presently has a consensus rating of “Buy” and a consensus price target of $32.75.
Allogene Therapeutics (NASDAQ:ALLO) last announced its quarterly earnings data on Friday, March 8th. The company reported ($0.35) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.10). Equities analysts predict that Allogene Therapeutics Inc will post -2.06 EPS for the current fiscal year.
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Allogene Therapeutics Profile
Allogene Therapeutics, Inc, a clinical stage immuno-oncology company, engages in the research, development, and commercialization of genetically engineered allogeneic T cell therapies for the treatment of cancer. The company is developing UCART19, a CAR T cell product candidate targeting CD19, which is in clinical trials in patients with R/R B-cell precursor acute lymphoblastic leukemia; ALLO-501, an allogeneic anti-CD19 CAR T cell product candidate for the treatment of patients with R/R non-Hodgkin lymphoma; ALLO-715, an allogeneic CAR T cell product candidate for the treatment of patients with R/R multiple myeloma; and ALLO-647, an anti-CD52 monoclonal antibody for use as a lymphodepleting agent.
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