Unum Therapeutics (UMRX) Reaches New 12-Month Low at $7.22

Shares of Unum Therapeutics Inc (NASDAQ:UMRX) hit a new 52-week low on Monday . The company traded as low as $7.22 and last traded at $7.25, with a volume of 27889 shares. The stock had previously closed at $7.64.

UMRX has been the subject of a number of analyst reports. Cowen reaffirmed a “hold” rating on shares of Unum Therapeutics in a research report on Monday, September 17th. Wedbush boosted their price target on Unum Therapeutics from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 14th. Morgan Stanley boosted their price target on Unum Therapeutics from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Thursday, October 11th. Finally, Zacks Investment Research cut Unum Therapeutics from a “hold” rating to a “sell” rating in a research report on Wednesday, October 17th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $20.67.

Unum Therapeutics (NASDAQ:UMRX) last posted its quarterly earnings data on Monday, August 13th. The company reported ($0.31) earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.02. The business had revenue of $1.67 million for the quarter, compared to analyst estimates of $2.45 million. As a group, equities analysts forecast that Unum Therapeutics Inc will post -1.56 EPS for the current fiscal year.

In related news, insider Seth Ettenberg sold 11,485 shares of the business’s stock in a transaction dated Thursday, October 25th. The stock was sold at an average price of $8.46, for a total transaction of $97,163.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

A number of institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp acquired a new position in Unum Therapeutics in the 2nd quarter valued at approximately $177,000. Spark Investment Management LLC acquired a new position in Unum Therapeutics in the 2nd quarter valued at approximately $186,000. Wasatch Advisors Inc. raised its holdings in Unum Therapeutics by 5.3% in the 2nd quarter. Wasatch Advisors Inc. now owns 267,625 shares of the company’s stock valued at $3,840,000 after acquiring an additional 13,525 shares in the last quarter. Keybank National Association OH bought a new stake in shares of Unum Therapeutics in the 2nd quarter valued at approximately $195,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Unum Therapeutics by 2,782.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,753 shares of the company’s stock valued at $213,000 after purchasing an additional 20,033 shares during the period. 51.50% of the stock is owned by hedge funds and other institutional investors.

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About Unum Therapeutics (NASDAQ:UMRX)

Unum Therapeutics Inc, a clinical stage biopharmaceutical company, develops and commercializes immunotherapy products designed to harness the power of a patient's immune system to cure cancer. Its lead product candidate is the ACTR087 used in combination with rituximab, which is in Phase I clinical trials to treat adult patients with relapsed or refractory non-Hodgkin lymphoma.

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