ValuEngine Upgrades Adaptimmune Therapeutics (NASDAQ:ADAP) to “Hold”

ValuEngine upgraded shares of Adaptimmune Therapeutics (NASDAQ:ADAP) from a sell rating to a hold rating in a report released on Monday, April 2nd.

Several other equities research analysts also recently commented on ADAP. BidaskClub cut shares of Adaptimmune Therapeutics from a hold rating to a sell rating in a report on Wednesday, December 20th. Leerink Swann started coverage on shares of Adaptimmune Therapeutics in a report on Friday, March 16th. They set a buy rating and a $15.00 target price for the company. Finally, Zacks Investment Research cut shares of Adaptimmune Therapeutics from a hold rating to a sell rating in a report on Monday, March 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $11.58.

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ADAP stock traded down $0.02 during trading on Monday, hitting $12.34. 320,080 shares of the company’s stock traded hands, compared to its average volume of 630,461. The firm has a market cap of $1,166.44, a price-to-earnings ratio of -15.24 and a beta of 1.16. Adaptimmune Therapeutics has a 1 year low of $4.28 and a 1 year high of $13.41.



Adaptimmune Therapeutics (NASDAQ:ADAP) last announced its earnings results on Thursday, March 15th. The biotechnology company reported ($0.29) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.04). Adaptimmune Therapeutics had a negative net margin of 185.39% and a negative return on equity of 32.26%. The firm had revenue of $4.27 million during the quarter, compared to analyst estimates of $9.38 million. analysts anticipate that Adaptimmune Therapeutics will post -0.82 EPS for the current fiscal year.

In other Adaptimmune Therapeutics news, Director David M. Mott purchased 571,164 shares of the stock in a transaction that occurred on Monday, March 26th. The shares were purchased at an average cost of $1.90 per share, for a total transaction of $1,085,211.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Orbimed Advisors Llc sold 1,048,067 shares of the business’s stock in a transaction dated Thursday, March 29th. The stock was sold at an average price of $11.50, for a total transaction of $12,052,770.50. The disclosure for this sale can be found here. Insiders have bought 9,385,254 shares of company stock valued at $17,966,655 in the last three months. Corporate insiders own 24.45% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC boosted its position in Adaptimmune Therapeutics by 322.2% during the third quarter. Citadel Advisors LLC now owns 83,423 shares of the biotechnology company’s stock worth $683,000 after acquiring an additional 63,664 shares during the last quarter. Graticule Asia Macro Advisors LLC acquired a new position in Adaptimmune Therapeutics during the third quarter worth about $3,242,000. Alps Advisors Inc. boosted its position in Adaptimmune Therapeutics by 12.7% during the fourth quarter. Alps Advisors Inc. now owns 103,816 shares of the biotechnology company’s stock worth $693,000 after acquiring an additional 11,716 shares during the last quarter. Creative Planning boosted its holdings in Adaptimmune Therapeutics by 66.7% in the 4th quarter. Creative Planning now owns 66,681 shares of the biotechnology company’s stock valued at $445,000 after purchasing an additional 26,681 shares during the last quarter. Finally, Artal Group S.A. boosted its holdings in Adaptimmune Therapeutics by 40.0% in the 4th quarter. Artal Group S.A. now owns 700,000 shares of the biotechnology company’s stock valued at $4,676,000 after purchasing an additional 200,000 shares during the last quarter. Hedge funds and other institutional investors own 55.50% of the company’s stock.

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Adaptimmune Therapeutics Company Profile

Adaptimmune Therapeutics plc, a clinical-stage biopharmaceutical company, focuses on the provision of cancer immunotherapy products based on its proprietary SPEAR T-cell platform. Its platform enables to identify cancer targets; find and genetically engineer T-cell receptors (TCR); and produce TCR therapeutic candidates for administration to patients.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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