They now have a $74.00 price target on the biopharmaceutical company's stock.
Wells Fargo analysts provided their view on Kite Pharma, Inc. The highest analyst price target is $88.00, which implies a rally of 89 percent.
01/17/2017 - Kite Pharma, Inc. had its " rating reiterated by analysts at Maxim Group. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company.
Shares of Kite Pharma (NASDAQ:KITE) traded up 3.14% during trading on Friday, hitting $51.24. The firm's market cap is $2555.65 billion. Kite Pharma has a 52-week low of $39.82 and a 52-week high of $80.82. In order to determine directional movement, the 50-day and 200-day moving averages for Kite Pharma, Inc. The company is expected to release $-1.72 EPS for current quarter according to 12 analysts whereas the company reported $-0.9 EPS during same quarter a year ago. The company had revenue of $4.90 million for the quarter, compared to analysts' expectations of $5.74 million. Return on Equity (ROE) stands at -39.3% and Return on Investment (ROI) of -16.8 percent. For the current year the company has fixed $75.35M revenues, as per the opinion of 17 analysts. During the same quarter in the previous year, the business posted ($0.38) earnings per share.
Kite Pharma, Inc. was downgraded to " by analysts at Citigroup.
This news story was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another domain, it was illegally copied and republished in violation of U.S. & worldwide copyright & trademark laws. BTIG Research restated a "hold" rating on shares of Kite Pharma in a report on Sunday, November 13th.
In related news, Chairman Arie Belldegrun sold 3,493 shares of the stock in a transaction on Tuesday, December 20th. KITE COO BUTITTA CYNTHIA M also sold 10,000 shares, at a stock price of $50.56. Following the transaction, the COO is left with a stake of 117,795 shares, now valued at $9378838. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 36,380 shares of company stock valued at $1,838,547 over the last three months. The shares were sold at an average price of $50.56, for a total value of $505,600.00. The disclosure for this sale can be found here. All shares of common stock to be sold in the offering will be sold by Kite.
"The numbers are fantastic", said Dr. Fred Locke, a blood cancer expert at Moffitt Cancer Center in Tampa who co-led the study and has been a paid adviser to Kite. Capital International Investors increased its stake in shares of Kite Pharma by 81.3% in the third quarter. Strs Ohio boosted its stake in Kite Pharma by 33.3% in the third quarter. Finally, Amalgamated Bank acquired a new stake in shares of Kite Pharma during the second quarter valued at approximately $243,000. Following the transaction, the chief operating officer now owns 92,995 shares of the company's stock, valued at $4,729,725.70.
"These results with axicabtagene ciloleucel are exceptional and suggest that more than a third of patients with refractory aggressive National Hockey League could potentially be cured after a single infusion of axicabtagene ciloleucel", said Jeff Wiezorek, MD, Senior Vice President of Clinical Development at Kite. The Company is focused on the development and commercialization of cancer immunotherapy products to eradicate cancer cells.
The therapy - called CAR-T cell therapy - enables the patient's own blood cells to kill the cancer cells.
KTE-C19 is a new class of drug referred to as a chimeric antigen receptor T-cell (CAR-T) therapy.
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