Bank of America Corp DE Acquires Shares of 8,235 Nightstar Therapeutics PLC (NITE)

Bank of America Corp DE acquired a new stake in shares of Nightstar Therapeutics PLC (NASDAQ:NITE) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 8,235 shares of the company’s stock, valued at approximately $132,000.

Other large investors have also recently added to or reduced their stakes in the company. Stanley Laman Group Ltd. bought a new stake in Nightstar Therapeutics during the 2nd quarter valued at about $195,000. Millennium Management LLC bought a new stake in Nightstar Therapeutics during the 1st quarter valued at about $507,000. Finally, Woodford Investment Management Ltd bought a new stake in Nightstar Therapeutics during the 2nd quarter valued at about $5,024,000. Institutional investors and hedge funds own 25.49% of the company’s stock.

Shares of NASDAQ NITE opened at $15.01 on Friday. The stock has a market cap of $417.29 million, a PE ratio of -9.21 and a beta of 3.51. Nightstar Therapeutics PLC has a 52-week low of $9.59 and a 52-week high of $29.55.

Nightstar Therapeutics (NASDAQ:NITE) last announced its quarterly earnings results on Tuesday, November 13th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.13. As a group, sell-side analysts forecast that Nightstar Therapeutics PLC will post -1.45 earnings per share for the current year.

NITE has been the subject of a number of analyst reports. Cantor Fitzgerald initiated coverage on shares of Nightstar Therapeutics in a research note on Thursday, October 11th. They set an “overweight” rating and a $36.00 price objective for the company. Janney Montgomery Scott initiated coverage on shares of Nightstar Therapeutics in a report on Wednesday, August 22nd. They set a “buy” rating and a $34.00 price target on the stock. BMO Capital Markets set a $41.00 price target on shares of Nightstar Therapeutics and gave the company a “buy” rating in a report on Monday, September 24th. Leerink Swann raised their price target on shares of Nightstar Therapeutics from $30.00 to $35.00 and gave the company a “positive” rating in a report on Monday, September 24th. Finally, Wedbush reaffirmed an “outperform” rating and set a $31.00 price target on shares of Nightstar Therapeutics in a report on Tuesday, September 25th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Nightstar Therapeutics has an average rating of “Buy” and a consensus target price of $34.43.

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Nightstar Therapeutics Company Profile

Nightstar Therapeutics plc, a clinical-stage gene therapy company, focuses on developing and commercializing novel one-time treatments for patients suffering from rare inherited retinal diseases in the United Kingdom. The company's lead product candidate is NSR-REP1, a candidate that is in phase 3 clinical development for the treatment of patients with choroideremia.

Further Reading: What are earnings reports?

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Institutional Ownership by Quarter for Nightstar Therapeutics (NASDAQ:NITE)

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