Wedbush reissued their outperform rating on shares of Intellia Therapeutics Inc (NASDAQ:NTLA) in a research note published on Wednesday, May 3rd. Wedbush currently has a $25.00 price objective on the stock.

A number of other brokerages also recently issued reports on NTLA. Jefferies Group LLC set a $33.00 price target on Intellia Therapeutics and gave the stock a buy rating in a research report on Wednesday, January 11th. Zacks Investment Research raised Intellia Therapeutics from a sell rating to a hold rating in a report on Tuesday, April 18th. Leerink Swann reissued an outperform rating on shares of Intellia Therapeutics in a research note on Thursday, January 5th. Finally, Chardan Capital initiated coverage on Intellia Therapeutics in a research report on Monday, March 27th. They set a buy rating and a $19.00 price target for the company. They noted that the move was a valuation call. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Intellia Therapeutics has a consensus rating of Buy and an average target price of $25.29.

Intellia Therapeutics (NASDAQ:NTLA) traded up 0.3749% on Wednesday, reaching $14.4038. 25,804 shares of the company’s stock traded hands. The firm’s market cap is $518.94 million. The firm’s 50-day moving average is $14.22 and its 200 day moving average is $14.26. Intellia Therapeutics has a 12 month low of $10.83 and a 12 month high of $30.40.

Intellia Therapeutics (NASDAQ:NTLA) last issued its quarterly earnings results on Tuesday, May 2nd. The company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by $0.02. The business had revenue of $6.22 million during the quarter, compared to the consensus estimate of $5.30 million. Equities analysts predict that Intellia Therapeutics will post ($1.45) EPS for the current year.

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In other news, Director Jean Francois Formela sold 21,132 shares of the company’s stock in a transaction on Friday, March 10th. The stock was sold at an average price of $13.91, for a total transaction of $293,946.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

A number of large investors have recently added to or reduced their stakes in the company. Atlas Venture Associates IX LLC purchased a new stake in shares of Intellia Therapeutics during the fourth quarter valued at approximately $58,075,000. Baker BROS. Advisors LP bought a new position in Intellia Therapeutics during the third quarter worth approximately $18,077,000. GMT Capital Corp bought a new position in Intellia Therapeutics during the first quarter worth approximately $4,657,000. Alyeska Investment Group L.P. raised its position in Intellia Therapeutics by 300.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 140,000 shares of the company’s stock worth $1,835,000 after buying an additional 105,000 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in Intellia Therapeutics during the first quarter worth approximately $1,355,000.

About Intellia Therapeutics

Intellia Therapeutics, Inc is a genome editing company. The Company is focused on developing therapeutics utilizing a biological tool known as CRISPR/Cas9. The CRISPR/Cas9 genome editing system includes two components: the Cas9 protein and the guide RNA sequence. The Cas9 protein acts like a pair of molecular scissors that initiates the natural cellular repair process to knockout, repair or insert a gene.

5 Day Chart for NASDAQ:NTLA

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