Atara Biotherapeutics, Inc. (ATRA) Lowered to “Strong Sell” at ValuEngine

Atara Biotherapeutics, Inc. (NASDAQ:ATRA) was downgraded by investment analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday, August 1st.

Several other brokerages have also commented on ATRA. Canaccord Genuity reaffirmed a “buy” rating and issued a $47.00 price objective on shares of Atara Biotherapeutics in a research report on Friday, April 21st. Jefferies Group LLC reiterated a “buy” rating and issued a $30.00 target price on shares of Atara Biotherapeutics in a research note on Thursday, June 22nd. Zacks Investment Research downgraded shares of Atara Biotherapeutics from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. Finally, William Blair reiterated an “outperform” rating on shares of Atara Biotherapeutics in a research note on Monday, June 26th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Atara Biotherapeutics has a consensus rating of “Hold” and a consensus target price of $25.75.

Atara Biotherapeutics (ATRA) traded down 2.20% during midday trading on Tuesday, reaching $13.35. 176,322 shares of the company traded hands. The company has a 50 day moving average of $14.97 and a 200-day moving average of $15.91. Atara Biotherapeutics has a 12-month low of $11.80 and a 12-month high of $23.40. The stock’s market capitalization is $407.96 million.

Atara Biotherapeutics (NASDAQ:ATRA) last released its quarterly earnings data on Monday, August 7th. The biotechnology company reported ($0.94) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.89) by $0.05. Equities analysts anticipate that Atara Biotherapeutics will post ($3.96) EPS for the current fiscal year.

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In related news, CEO Isaac E. Ciechanover sold 2,800 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $16.94, for a total transaction of $47,432.00. Following the completion of the transaction, the chief executive officer now owns 731,859 shares of the company’s stock, valued at $12,397,691.46. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Mitchall G. Clark sold 3,021 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $14.33, for a total transaction of $43,290.93. The disclosure for this sale can be found here. Insiders sold 52,059 shares of company stock valued at $752,211 in the last quarter. Corporate insiders own 16.10% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Atara Biotherapeutics during the first quarter valued at approximately $132,000. Voya Investment Management LLC boosted its position in shares of Atara Biotherapeutics by 16.2% in the second quarter. Voya Investment Management LLC now owns 11,813 shares of the biotechnology company’s stock valued at $165,000 after buying an additional 1,651 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Atara Biotherapeutics during the first quarter valued at approximately $185,000. State of Wisconsin Investment Board purchased a new position in shares of Atara Biotherapeutics during the second quarter valued at approximately $252,000. Finally, The Manufacturers Life Insurance Company boosted its position in Atara Biotherapeutics by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 20,377 shares of the biotechnology company’s stock worth $285,000 after buying an additional 1,369 shares in the last quarter. 78.21% of the stock is owned by institutional investors.

About Atara Biotherapeutics

Atara Biotherapeutics, Inc is a clinical-stage biopharmaceutical company. The Company is focused on developing therapies for patients with severe and life-threatening diseases. The Company operates through the business of developing and commercializing therapeutics segment. The Company is focused on developing allogeneic or third-party derived antigen-specific T-cells.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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