Wall Street analysts expect Atara Biotherapeutics (NASDAQ:ATRA) to announce earnings of ($0.91) per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Atara Biotherapeutics’ earnings. The lowest EPS estimate is ($0.96) and the highest is ($0.85). Atara Biotherapeutics reported earnings per share of ($0.88) during the same quarter last year, which would suggest a negative year-over-year growth rate of 3.4%. The company is expected to issue its next earnings results on Thursday, May 3rd.
According to Zacks, analysts expect that Atara Biotherapeutics will report full-year earnings of ($3.62) per share for the current financial year, with EPS estimates ranging from ($3.75) to ($3.49). For the next financial year, analysts expect that the company will post earnings of ($3.84) per share, with EPS estimates ranging from ($4.27) to ($3.41). Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Atara Biotherapeutics.
Atara Biotherapeutics (NASDAQ:ATRA) last announced its earnings results on Tuesday, February 27th. The biotechnology company reported ($1.15) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($1.15).
A number of analysts have commented on ATRA shares. Canaccord Genuity reiterated a “buy” rating on shares of Atara Biotherapeutics in a research note on Friday, December 29th. ValuEngine upgraded shares of Atara Biotherapeutics from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. Citigroup upgraded shares of Atara Biotherapeutics from a “sell” rating to a “neutral” rating and set a $18.00 price target for the company in a research note on Wednesday, January 3rd. BidaskClub upgraded shares of Atara Biotherapeutics from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Finally, Cowen started coverage on shares of Atara Biotherapeutics in a research note on Friday, January 26th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $33.80.
Shares of ATRA stock opened at $35.15 on Friday. Atara Biotherapeutics has a one year low of $11.80 and a one year high of $49.90.
In other news, Director Carol Giltner Gallagher sold 1,183 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $46.50, for a total transaction of $55,009.50. Following the completion of the sale, the director now owns 111,286 shares in the company, valued at approximately $5,174,799. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO John Mcgrath sold 13,000 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $47.07, for a total transaction of $611,910.00. Following the sale, the chief financial officer now owns 99,056 shares of the company’s stock, valued at approximately $4,662,565.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 315,324 shares of company stock valued at $11,379,838. Corporate insiders own 16.20% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of Atara Biotherapeutics during the 3rd quarter worth about $142,000. Russell Investments Group Ltd. acquired a new stake in shares of Atara Biotherapeutics during the 3rd quarter worth about $170,000. MetLife Investment Advisors LLC acquired a new stake in shares of Atara Biotherapeutics during the 4th quarter worth about $217,000. Dimensional Fund Advisors LP lifted its stake in shares of Atara Biotherapeutics by 2.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 21,718 shares of the biotechnology company’s stock worth $304,000 after buying an additional 610 shares during the last quarter. Finally, Virtus Fund Advisers LLC acquired a new stake in shares of Atara Biotherapeutics during the 4th quarter worth about $434,000. Institutional investors own 76.88% of the company’s stock.
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About Atara Biotherapeutics
Atara Biotherapeutics, Inc, an off-the-shelf T-cell immunotherapy company, develops treatments for patients with cancer, autoimmune, and viral diseases in the United States. The company is developing tabelecleucel, an advanced T-cell immunotherapy that is Phase III clinical trials for the treatment of rituximab-refractory epstein-barr virus (EBV) associated post-transplant lymphoproliferative disorder, as well as other EBV associated hematologic and solid tumors, including nasopharyngeal carcinoma.
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