Adaptimmune Therapeutics PLC (NASDAQ:ADAP)‘s stock had its “buy” rating reaffirmed by research analysts at SunTrust Banks, Inc. in a report released on Friday. They presently have a $10.00 price target on the biotechnology company’s stock. SunTrust Banks, Inc.’s target price indicates a potential upside of 23.46% from the stock’s current price.
Several other analysts also recently weighed in on the company. ValuEngine raised Adaptimmune Therapeutics PLC from a “strong sell” rating to a “sell” rating in a report on Thursday, July 20th. Leerink Swann reissued an “outperform” rating and issued a $15.00 target price on shares of Adaptimmune Therapeutics PLC in a report on Friday, September 8th. BidaskClub raised Adaptimmune Therapeutics PLC from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Zacks Investment Research downgraded Adaptimmune Therapeutics PLC from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Finally, TheStreet raised Adaptimmune Therapeutics PLC from a “d” rating to a “c” rating in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $11.58.
Adaptimmune Therapeutics PLC (NASDAQ:ADAP) opened at $8.10 on Friday. Adaptimmune Therapeutics PLC has a 1 year low of $3.76 and a 1 year high of $9.29.
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Several institutional investors have recently bought and sold shares of ADAP. Matrix Capital Management Company LP purchased a new stake in shares of Adaptimmune Therapeutics PLC in the 2nd quarter valued at about $39,027,000. Baillie Gifford & Co. raised its stake in shares of Adaptimmune Therapeutics PLC by 43.7% during the 2nd quarter. Baillie Gifford & Co. now owns 1,323,308 shares of the biotechnology company’s stock worth $5,941,000 after buying an additional 402,324 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Adaptimmune Therapeutics PLC by 75.4% during the 1st quarter. Renaissance Technologies LLC now owns 780,800 shares of the biotechnology company’s stock worth $4,302,000 after buying an additional 335,700 shares in the last quarter. Artal Group S.A. raised its stake in shares of Adaptimmune Therapeutics PLC by 66.7% during the 3rd quarter. Artal Group S.A. now owns 500,000 shares of the biotechnology company’s stock worth $4,095,000 after buying an additional 200,000 shares in the last quarter. Finally, Balyasny Asset Management LLC purchased a new position in shares of Adaptimmune Therapeutics PLC during the 2nd quarter worth approximately $846,000. 68.12% of the stock is owned by institutional investors and hedge funds.
Adaptimmune Therapeutics PLC Company Profile
Adaptimmune Therapeutics plc is a clinical-stage biopharmaceutical company. The Company is focused on cancer immunotherapy products based on its Specific Peptide Enhanced Affinity Receptor (SPEAR) T-cell platform. The Company has developed a platform that enables it to identify cancer targets, find and genetically engineer TCR, and produce TCR therapeutic candidates for administration to patients.
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