Intellia Therapeutics, Inc. (NASDAQ:NTLA) Stock Rating Reaffirmed by Barclays PLC

Barclays PLC reissued their buy rating on shares of Intellia Therapeutics, Inc. (NASDAQ:NTLA) in a research note published on Sunday, November 5th.

A number of other research analysts have also recently issued reports on NTLA. Zacks Investment Research raised shares of Intellia Therapeutics from a sell rating to a hold rating in a report on Wednesday, October 4th. Cann reaffirmed a hold rating on shares of Intellia Therapeutics in a report on Tuesday, August 1st. Chardan Capital reaffirmed a buy rating and issued a $20.00 target price (up from $19.00) on shares of Intellia Therapeutics in a report on Wednesday, August 2nd. Jefferies Group LLC reaffirmed a buy rating and issued a $36.00 target price on shares of Intellia Therapeutics in a report on Tuesday, October 3rd. Finally, Wedbush reaffirmed an ourperform rating and issued a $25.00 target price (down from $29.00) on shares of Intellia Therapeutics in a report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $30.17.

Shares of Intellia Therapeutics (NASDAQ NTLA) traded down $1.25 during trading hours on Friday, reaching $21.31. 813,160 shares of the company were exchanged, compared to its average volume of 331,782. Intellia Therapeutics has a 1 year low of $10.83 and a 1 year high of $33.34.

Intellia Therapeutics (NASDAQ:NTLA) last issued its earnings results on Tuesday, October 31st. The company reported ($0.44) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.50) by $0.06. Intellia Therapeutics had a negative net margin of 215.92% and a negative return on equity of 28.01%. The company had revenue of $7.30 million during the quarter, compared to analysts’ expectations of $5.83 million. During the same period last year, the company posted ($0.22) earnings per share. The firm’s quarterly revenue was up 49.0% compared to the same quarter last year. equities analysts forecast that Intellia Therapeutics will post -1.68 EPS for the current year.

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Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Intellia Therapeutics by 10.2% during the 2nd quarter. Vanguard Group Inc. now owns 997,288 shares of the company’s stock worth $15,957,000 after purchasing an additional 92,580 shares in the last quarter. GMT Capital Corp purchased a new position in shares of Intellia Therapeutics during the 3rd quarter worth approximately $8,214,000. Granahan Investment Management Inc. MA increased its stake in shares of Intellia Therapeutics by 7.0% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 286,144 shares of the company’s stock worth $7,111,000 after purchasing an additional 18,784 shares in the last quarter. Ark Investment Management LLC increased its stake in shares of Intellia Therapeutics by 118.9% during the 2nd quarter. Ark Investment Management LLC now owns 174,810 shares of the company’s stock worth $2,797,000 after purchasing an additional 94,960 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Intellia Therapeutics by 52.0% during the 2nd quarter. State Street Corp now owns 164,798 shares of the company’s stock worth $2,638,000 after purchasing an additional 56,363 shares in the last quarter. 48.89% of the stock is owned by institutional investors and hedge funds.

About Intellia Therapeutics

Intellia Therapeutics, Inc is a genome editing company. The Company is focused on developing therapeutics utilizing a biological tool known as CRISPR/Cas9. The CRISPR/Cas9 genome editing system includes two components: the Cas9 protein and the guide RNA sequence. The Cas9 protein acts like a pair of molecular scissors that initiates the natural cellular repair process to knockout, repair or insert a gene.

Analyst Recommendations for Intellia Therapeutics (NASDAQ:NTLA)

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