Roth Capital Initiates Coverage on Nektar Therapeutics (NKTR)

By admin | 6 years ago

Research analysts at Roth Capital began coverage on shares of Nektar Therapeutics (NASDAQ: NKTR) in a report released on Thursday. The firm set a “buy” rating on the stock.

Nektar Therapeutics traded down 1.57% on Thursday, hitting $6.89. Nektar Therapeutics has a 52-week low of $4.07 and a 52-week high of $10.83. The company’s market cap is $789.7 million.

Nektar Therapeutics last posted its quarterly earnings results on Wednesday, May 2nd. The company reported ($0.36) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.33) by $0.03. Nektar Therapeutics’s revenue was up 58.4% compared to the same quarter last year. Analysts expect that Nektar Therapeutics will post $-0.32 EPS next quarter.

Separately, analysts at Jefferies Group (NYSE: JEF) initiated coverage on shares of Nektar Therapeutics in a research note to investors on Wednesday. They set a “buy” rating on the stock.

Nektar Therapeutics (Nektar) is a clinical-stage biopharmaceutical company developing a pipeline of drug candidates that utilize its PEGylation and polymer conjugate technology platforms, which are designed to improve the benefits of drugs for patients.

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