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Stock Finding Its Footing and Climbing Higher: Nektar Therapeutics (NASDAQ:NKTR)

14 November 2017, 03:30 | Melvin Schneider

What's happening on Wall Street pre-market Monday

Nektar Therapeutics,T-Mobile US Nova Lifestyle- PRE-MARKET

On Monday, May 15 CHESS ROBERT sold $98,950 worth of Nektar Therapeutics (NASDAQ:NKTR) or 5,000 shares. The company has experienced volume of 1,013,140 shares while on average the company has a capacity of trading 340.17K share. Alps Advsr holds 0.02% or 140,043 shares in its portfolio. It increased, as 17 investors sold Nektar Therapeutics shares while 40 reduced holdings. Following the completion of the sale, the senior vice president now directly owns 31,102 shares in the company, valued at approximately $600,890.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Stephen K. Doberstein sold 1,701 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $19.32, for a total value of $51,159.36. Ashmore Group Plc sold 21,355 shares as the company's stock rose 11.75% with the market. The disclosure for this purchase can be found here. The firm's revenue for the quarter was up 321.2% compared to the same quarter last year. sell-side analysts anticipate that Nektar Therapeutics will post -0.83 EPS for the current fiscal year. The Firm develops communication products for offices and contact centers, mobile devices, cordless phones, and computers and gaming consoles. In the last earnings report the EPS was $-0.71 with 157.47M shares now outstanding. Bank of Montreal Can now owns 6,395 shares of the biopharmaceutical company's stock valued at $110,000 after buying an additional 208 shares during the last quarter. American International Group Inc. now owns 118,366 shares of the biopharmaceutical company's stock worth $2,841,000 after purchasing an additional 6,476 shares in the last quarter. LS Investment Advisors LLC boosted its stake in Nektar Therapeutics by 8.8% in the 2nd quarter. Teachers Advisors LLC now owns 663,324 shares of the biopharmaceutical company's stock valued at $15,568,000 after acquiring an additional 337,868 shares during the last quarter. Mark Sheptoff Financial Planning LLC increased its stake in shares of Nektar Therapeutics by 79.4% during the 3rd quarter. The Nektar Therapeutics has Relative Strength Index (RSI 14) of 84.59 along with Average True Range (ATR 14) of 1.44. US Bancorp DE now owns 94,005 shares of the biopharmaceutical company's stock valued at $1,615,000 after buying an additional 665 shares during the last quarter. Institutional investors and hedge funds own 95.11% of the company's stock.

Traders are a little more bullish on Nektar Therapeutics of late considering the fall in short interest. The company has a current ratio of 4.14, a quick ratio of 3.99 and a debt-to-equity ratio of 2.91. Nektar Therapeutics has a 1 year low of $11.41 and a 1 year high of $33.67. The rating was initiated by Canaccord Genuity with "Buy" on Thursday, November 9. That value represents a market adjusting for revenues that have been growing by 320.87 % on a quarterly year/year basis as of the company's last quarterly report. The company's revenue for the quarter was up 321.2% compared to the same quarter past year.

Among 9 analysts covering Nektar Therapeutics (NASDAQ:NKTR), 9 have Buy rating, 0 Sell and 0 Hold.

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A number of equities research analysts have recently issued reports on the company. Roth Capital set a $33.00 target price on shares of Nektar Therapeutics and gave the stock a "buy" rating in a report on Wednesday, August 9th. August 18 investment analysts at Jefferies Group LLC left the company rating at "Buy" projecting a price of $23.00. Credit Suisse Ag reported 0.01% in Nektar Therapeutics (NASDAQ:NKTR). They issued an "outperform" rating for the company. Da Davidson And holds 0% in Nektar Therapeutics (NASDAQ:NKTR) or 4,600 shares. Equity analyst Cowen and Company updated guidance on NKTR giving it an initial rating of "Outperform". They issued a "buy" rating and a $30.00 target price for the company.

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