Nantkwest (NASDAQ:NK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “NantKwest, Inc. is a clinical-stage immunotherapy company. The Company’s product candidates include aNK, haNK and taNK for the treatment of cancers, infectious and inflammatory diseases. It is focused on harnessing the power of the innate immune system by using the natural killer cell. NantKwest, Inc. is headquartered in Cardiff-by-the-Sea, California. “

NK has been the subject of a number of other research reports. BidaskClub lowered Nantkwest from a “sell” rating to a “strong sell” rating in a report on Friday, September 22nd. Raymond James Financial reiterated a “hold” rating on shares of Nantkwest in a report on Monday, December 11th. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Nantkwest presently has a consensus rating of “Hold” and a consensus price target of $5.25.

Shares of Nantkwest (NK) traded up $0.18 during trading hours on Tuesday, hitting $4.62. The company’s stock had a trading volume of 209,100 shares, compared to its average volume of 219,467. Nantkwest has a fifty-two week low of $2.71 and a fifty-two week high of $8.45. The stock has a market capitalization of $367.08 and a price-to-earnings ratio of -3.92. The company has a quick ratio of 5.47, a current ratio of 5.47 and a debt-to-equity ratio of 0.01.

Large investors have recently modified their holdings of the stock. Voya Investment Management LLC bought a new position in Nantkwest in the second quarter worth approximately $102,000. Gotham Asset Management LLC bought a new position in Nantkwest in the second quarter worth approximately $104,000. Nationwide Fund Advisors raised its stake in Nantkwest by 67.6% in the second quarter. Nationwide Fund Advisors now owns 17,302 shares of the biotechnology company’s stock worth $131,000 after buying an additional 6,977 shares in the last quarter. New York State Common Retirement Fund raised its stake in Nantkwest by 9.0% in the second quarter. New York State Common Retirement Fund now owns 19,400 shares of the biotechnology company’s stock worth $147,000 after buying an additional 1,599 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in Nantkwest by 13.0% in the second quarter. Wells Fargo & Company MN now owns 20,914 shares of the biotechnology company’s stock worth $158,000 after buying an additional 2,400 shares in the last quarter. 19.11% of the stock is owned by institutional investors.

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