Oppenheimer Maintains a Hold Rating on Nektar Therapeutics (NKTR)

By Austin Angelo

In a report released today, Jay Olson from Oppenheimer maintained a Hold rating on Nektar Therapeutics (NKTRResearch Report), with a price target of $24.00. The company’s shares closed last Monday at $22.48.

According to TipRanks.com, Olson has currently no stars on a ranking scale of 0-5 stars, with an average return of -9.6% and a 35.0% success rate. Olson covers the Healthcare sector, focusing on stocks such as ACADIA Pharmaceuticals, CymaBay Therapeutics, and SAGE Therapeutics.

Currently, the analyst consensus on Nektar Therapeutics is a Moderate Buy with an average price target of $29.22, implying a 22.4% upside from current levels. In a report issued on January 10, Mizuho Securities also assigned a Hold rating to the stock with a $21.00 price target.

See today’s analyst top recommended stocks >>

Based on Nektar Therapeutics’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $98.81 million. In comparison, last year the company had a GAAP net loss of $98.21 million.

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NKTR in relation to earlier this year. Most recently, in December 2019, Roy Whitfield, a Director at NKTR bought 10,000 shares for a total of $92,400.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Nektar Therapeutics is a biopharmaceutical company, which engages in applying technology platforms to develop novel drug candidates. The company focuses on the therapies for cancer, autoimmune disease, and chronic pain. It operates through the United States and Europe geographical segments.