They now have a Dollars 75 price target on the stock.
Shares of Kite Pharma (NASDAQ:KITE) traded down 1.93% during trading on Thursday, hitting $51.95.
3/1/2017 per share and the total transaction amounting to Helen Susan Kim.
For the Current Quarter, the growth estimate for Kite Pharma, Inc.is -105.9%, while for the Next Quarter the stock growth estimate is -87.8%.
Wednesday was a strong was a strong hump day for US equities, lead by financial stocks, which roared ahead by 2.8% after President Donald Trump's address to Congress. In order to determine directional movement, the 50-day and 200-day moving averages for Kite Pharma, Inc. The company's market capitalization is $2.59 billion.
Following the positive update, Kite Pharma's stock spiked more than 25%, to touch a 52-week high of $72.80 per share on Tuesday afternoon.
Kite Pharma (NASDAQ:KITE) last announced its earnings results on Monday, February 27th. Kite Pharma had a negative net margin of 994.89% and a negative return on equity of 39.26%.
The High Revenue estimate is predicted as 7.71 Million, while the Low Revenue Estimate prediction stands at 4 Million. That is compared with the $-0.90 in EPS it reported during the same period a year ago. KITE has a beta of 0 and RSI is 77.67.
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Kite Pharma, Inc. was downgraded to " by analysts at Citigroup. If you are viewing this piece on another website, it was stolen and republished in violation of U.S. & global trademark and copyright legislation.
Institutional investors have recently added to or reduced their stakes in the stock. Capital International Investors increased its position in shares of Kite Pharma by 81.3% in the third quarter.
01/04/2017 - Roth Capital began new coverage on Kite Pharma, Inc. giving the company a " rating.
In other Kite Pharma news, COO Cynthia M. Butitta sold 2,482 shares of the stock in a transaction dated Tuesday, December 20th. Following the completion of the sale, the senior vice president now directly owns 15,095 shares in the company, valued at $767,731.70. BlackRock Inc. boosted its stake in shares of Kite Pharma by 2.2% in the third quarter. Insiders have sold 170,862 shares of company stock worth $11,322,241 over the last 90 days.
Regarding whether there is possible "room for improvement", the analyst continues, "Management noted, and it is probable that the now reported 31% DLBCL complete response rate could improve with the conversion or follow up of several patients". Stifel Nicolaus reissued a "buy" rating and issued a $74.00 target price on shares of Kite Pharma in a research report on Monday, December 5th. Zacks Investment Research raised Kite Pharma from a "sell" rating to a "hold" rating in a research note on Thursday.
Shares of Kite Pharma Inc (NASDAQ:KITE) have been assigned a consensus recommendation of "Buy" from the twenty-two research firms that are covering the stock. They set a "buy" rating and a $78.00 target price on the stock. Stock has got OUTPERFORM rating from 8 analysts of Thomson Reuters, 3 analysts given HOLD rating to the stock and 0 given UNDERPERFORM rating. FBR & Co's target price suggests a potential upside of 52.22% from the stock's current price.
Kite Pharma clinical development senior VP Jeff Wiezorek said: "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".