BidaskClub cut shares of NantKwest, Inc. (NASDAQ:NK) from a hold rating to a sell rating in a research report report published on Tuesday.

Several other equities analysts also recently issued reports on NK. Jefferies Group LLC set a $4.00 price objective on shares of NantKwest and gave the company a hold rating in a research note on Monday, May 8th. Zacks Investment Research downgraded shares of NantKwest from a buy rating to a hold rating in a research note on Saturday, May 13th. Citigroup Inc. downgraded shares of NantKwest from a neutral rating to a sell rating and set a $3.00 price objective for the company. in a research note on Monday, May 15th. Finally, ValuEngine upgraded shares of NantKwest from a strong sell rating to a sell rating in a research note on Wednesday, June 14th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $10.79.

Shares of NantKwest (NK) traded up 3.62% during trading on Tuesday, reaching $5.87. The company had a trading volume of 225,395 shares. The firm’s market capitalization is $466.31 million. NantKwest has a 1-year low of $2.71 and a 1-year high of $9.60. The firm has a 50-day moving average of $6.84 and a 200 day moving average of $4.88.

ILLEGAL ACTIVITY NOTICE: “NantKwest, Inc. (NK) Lowered to Sell at BidaskClub” was first posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright law. The correct version of this report can be read at https://theolympiareport.com/2017/08/12/nantkwest-inc-nk-lowered-to-sell-at-bidaskclub.html.

In other news, Director Steve Gorlin sold 40,000 shares of the company’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $7.78, for a total value of $311,200.00. Following the completion of the sale, the director now directly owns 409,725 shares of the company’s stock, valued at $3,187,660.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 70.19% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its stake in shares of NantKwest by 0.5% in the first quarter. Goldman Sachs Group Inc. now owns 67,117 shares of the biotechnology company’s stock worth $238,000 after buying an additional 348 shares during the last quarter. New York State Common Retirement Fund boosted its position in NantKwest by 9.0% in the second quarter. New York State Common Retirement Fund now owns 19,400 shares of the biotechnology company’s stock valued at $147,000 after buying an additional 1,599 shares in the last quarter. Wells Fargo & Company MN boosted its position in NantKwest by 13.0% in the second quarter. Wells Fargo & Company MN now owns 20,914 shares of the biotechnology company’s stock valued at $158,000 after buying an additional 2,400 shares in the last quarter. Alliancebernstein L.P. boosted its position in NantKwest by 8.7% in the first quarter. Alliancebernstein L.P. now owns 33,800 shares of the biotechnology company’s stock valued at $120,000 after buying an additional 2,700 shares in the last quarter. Finally, Nationwide Fund Advisors boosted its position in NantKwest by 67.6% in the second quarter. Nationwide Fund Advisors now owns 17,302 shares of the biotechnology company’s stock valued at $131,000 after buying an additional 6,977 shares in the last quarter. 19.75% of the stock is owned by institutional investors and hedge funds.

NantKwest Company Profile

Analyst Recommendations for NantKwest (NASDAQ:NK)

Receive News & Ratings for NantKwest Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NantKwest Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.