FY2019 Earnings Forecast for Atara Biotherapeutics Inc. (ATRA) Issued By William Blair
Atara Biotherapeutics Inc. (NASDAQ:ATRA) – Investment analysts at William Blair lifted their FY2019 earnings per share (EPS) estimates for shares of Atara Biotherapeutics in a report released on Monday. William Blair analyst J. Sonnier now anticipates that the firm will post earnings per share of ($3.20) for the year, up from their previous estimate of ($3.21). William Blair also issued estimates for Atara Biotherapeutics’ FY2020 earnings at ($3.32) EPS.
Atara Biotherapeutics (NASDAQ:ATRA) last announced its quarterly earnings data on Friday, November 4th. The company reported ($0.88) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.78) by $0.10.
Several other analysts have also commented on ATRA. Canaccord Genuity set a $47.00 price objective on Atara Biotherapeutics and gave the company a “buy” rating in a report on Sunday, November 6th. Zacks Investment Research raised Atara Biotherapeutics from a “sell” rating to a “hold” rating in a research report on Friday, September 2nd. Jefferies Group reissued a “buy” rating and issued a $25.00 target price on shares of Atara Biotherapeutics in a research report on Tuesday, August 9th. Goldman Sachs Group Inc. downgraded Atara Biotherapeutics from a “neutral” rating to a “sell” rating and cut their target price for the company from $23.00 to $16.00 in a research report on Thursday, September 15th. Finally, Citigroup Inc. upped their target price on Atara Biotherapeutics from $8.00 to $10.00 and gave the company a “sell” rating in a research report on Friday, August 19th. Three analysts have rated the stock with a sell rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $25.86.
Shares of Atara Biotherapeutics (NASDAQ:ATRA) remained flat at $19.45 during trading on Wednesday. 196,158 shares of the stock traded hands. The company has a 50-day moving average price of $16.69 and a 200 day moving average price of $19.65. The stock’s market capitalization is $561.33 million. Atara Biotherapeutics has a 12-month low of $12.45 and a 12-month high of $40.80.
Large investors have recently bought and sold shares of the stock. Barclays PLC boosted its stake in Atara Biotherapeutics by 2,266.0% in the second quarter. Barclays PLC now owns 4,803 shares of the company’s stock worth $108,000 after buying an additional 4,600 shares during the period. Panagora Asset Management Inc. acquired a new stake in Atara Biotherapeutics during the third quarter worth approximately $110,000. BlackRock Group LTD boosted its stake in Atara Biotherapeutics by 3.7% in the third quarter. BlackRock Group LTD now owns 5,532 shares of the company’s stock worth $119,000 after buying an additional 198 shares during the period. BlackRock Inc. boosted its stake in Atara Biotherapeutics by 464.3% in the second quarter. BlackRock Inc. now owns 6,100 shares of the company’s stock worth $137,000 after buying an additional 5,019 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in Atara Biotherapeutics by 6,736.5% in the second quarter. PNC Financial Services Group Inc. now owns 6,563 shares of the company’s stock worth $148,000 after buying an additional 6,467 shares during the period. Hedge funds and other institutional investors own 74.45% of the company’s stock.
In other news, CEO Isaac E. Ciechanover sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, September 28th. The stock was sold at an average price of $20.87, for a total transaction of $250,440.00. Following the sale, the chief executive officer now directly owns 406,578 shares in the company, valued at approximately $8,485,282.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Gad Soffer sold 16,718 shares of the firm’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $20.00, for a total value of $334,360.00. Following the sale, the chief operating officer now owns 225,667 shares in the company, valued at $4,513,340. The disclosure for this sale can be found here. Company insiders own 16.10% of the company’s stock.
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Atara Biotherapeutics Company Profile
Atara Biotherapeutics, Inc is a clinical-stage biopharmaceutical company. Its segment is the business of developing and commercializing therapeutics. It has approximately two groups of product candidates, such as allogeneic or third-party derived antigen-specific T-cells, and molecularly targeted biologics.
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