Cantor Fitzgerald investment analysts published their projections for the earnings per share (EPS) of Nkarta shares for the fiscal year 2022 in a research note released on September 21. Nkarta, Inc. (NASDAQ: NKTX) Cantor Fitzgerald investment analysts published their projections in a research note. The company is expected to incur a $2.76 on each share of stock in 2017, as forecasted by L. Watseka, an analyst working for Cantor Fitzgerald. Cantor Fitzgerald currently has the stock rated as “Overweight,” which indicates that they believe the price will continue to rise. According to analysts’ consensus, the current earnings forecast for the full fiscal year of Nkarta is $2.57 per share. Cantor Fitzgerald also said that Nkarta’s earnings for the fiscal year 2023 would come to $3.33 per share.
The NKTX reports have also been replicated in-house by several additional brokerages, which can be seen here. SVB Leerink started providing coverage of Nkarta on July 18 by publishing a research study as part of their initial work on the company. They have placed an “outperform” rating on the company, and their price objective for the stock is set at $30.00 per share. Needham & Company LLC initiated coverage of Nkarta with the release of a research note on Thursday, July 28, signaling the beginning of the company’s coverage. They suggested investing in the stock at $26.00 and establishing a $26.00 price goal as a target objective. There have been eight people who specialize in equity research who have suggested buying the stock. They all think it is a good investment. The information made available by Bloomberg indicates that the general recommendation for Nkarta is “Buy” and that the price target has been set at $39.63.
When Friday trading started for the day, NKTX shares were priced at $12.52 each. The current price of the stock, which is trading at $14.58, is higher than its 50-day simple moving average, which is $13.36. In addition, the lowest price Nkarta has been over the past 52 weeks is $7.55, while the highest price that the stock has been over the same period is $31.45. The company’s market capitalization is calculated to be $609.22 million based on its beta value of 0.07 and its price-to-earnings ratio of -4.52.
Jakarta (NASDAQ: NKTX) issued a press release on Thursday, August 11, to announce its most recent quarterly earnings report. The release can be found here. The company reported earnings per share (EPS) for the quarter at $0.48, which is $0.11 higher than the consensus estimate of $0.59.
Recently, several hedge funds modified the percentage of NKTX shares they held in their portfolios to reflect recent market activity. During the first three months of this year, Quantbot Technologies LP increased its holdings in Nkarta by 39.1%. Quantbot Technologies LP now has a total of 3,200 shares of the company’s stock, which are currently valued at $36,000 after purchasing an additional 900 shares during the most recent quarter. These shares were acquired through the purchase of additional options. During the first three months of the year, Wellington Management Group LLP increased the percentage of Nkarta shares it owned by 5.9%. The value of Wellington Management Group LLP’s holdings in the company has increased to $317,000 as a direct result of the company’s purchase of 1,554 additional shares during the most recent quarter. As a result of these purchases, the company now has a total of 27,879 shares in the company. (as of the most recent filing) Rock Springs Capital Management LP’s holdings in Nkrta increased by 0.5 percent during the first three months of 2018 due to the investment firm’s purchase of additional shares. Rock Springs Capital Management LP now holds 509,948 shares of the company’s stock, equivalent to a value of $5,803,000 after purchasing an additional 2,700 shares during the most recent quarter. This brings the total number of shares held by the firm to 509,948. State Street Corporation acquired an additional one-hundredth of one percent of Nkarta’s outstanding shares during the first three months of 2018. The State Street Corporation has increased its stake in the company by 2,806 since the beginning of the preceding quarter. This brings the total value of its holdings to 276,318 shares, which equals $3,144,000. Last but certainly not least, during the final three months of 2018, Northern Trust Corporation increased the percentage of Nkarta holdings it owned by 2.0%. After making a new purchase of 2,883 shares during the most recent fiscal quarter, Northern Trust Corp now owns 148,984 shares. The current market price for all of these shares is $2,287,000.
On Monday, August 15, James Trager, an employee of the company who is considered an insider, sold 5,000 shares of the company’s stock. You may discover relevant news at this location. The price paid for each stock share, on average, was $17.53, and a total of $87,650.00 worth of shares were traded. The transaction resulted in the insider gaining direct ownership of 62,172 shares of the company’s stock, giving them a total of 62,172 shares. The value of these shares on the market as of right now is approximately $1,089,875.16. The Securities and Exchange Commission was given legal documentation about the transaction, which can be viewed entirely by following the link provided in the previous sentence. The documentation was provided to the SEC. In other news, a business insider named Ralph Brandenberger sold 11,593 shares of the company’s stock on Monday, August 8. There was a total of 179,807.43 dollars’ worth of the stock sold, and it was purchased for $15.51 per share. The business insider now directly owns 7,800 company shares, which have a value of $120,978 due to the transaction that took place earlier. If you follow this link, you will be taken to the filing submitted to the Securities and Exchange Commission, where the transaction was discussed. You can simply ignore this link if you do not want to follow it. On Monday, August 15, James Trager, an employee of the company who is also a member of the company’s executive team, sold 5,000 shares of the company’s stock. A total price of $87,650.00 was received for the sale of the shares, which works out to an average price of $17.53 per share. Following the conclusion of the sale, the company insider now directly owns 62,172 shares of the company, which have a value of approximately $1,089,875.16. You may find the disclosure that pertains to the sale in this section. Business insiders sold 25,719 shares of company stock during the most recent quarter, bringing in a total of $387,387 and representing 5.60% of the company’s outstanding shares.