Shares of Intellia Therapeutics Inc (NASDAQ:NTLA) were up 5.1% during mid-day trading on Wednesday . The company traded as high as $20.38 and last traded at $19.39. Approximately 1,321,530 shares changed hands during trading, an increase of 48% from the average daily volume of 894,712 shares. The stock had previously closed at $18.45.
A number of analysts have recently issued reports on NTLA shares. Raymond James started coverage on shares of Intellia Therapeutics in a report on Thursday, September 20th. They set a “market perform” rating for the company. BidaskClub raised shares of Intellia Therapeutics from a “hold” rating to a “buy” rating in a report on Saturday, September 15th. ValuEngine downgraded shares of Intellia Therapeutics from a “buy” rating to a “hold” rating in a report on Saturday, September 22nd. Zacks Investment Research downgraded shares of Intellia Therapeutics from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. Finally, Chardan Capital reaffirmed a “buy” rating and set a $57.50 price objective on shares of Intellia Therapeutics in a report on Friday, August 24th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $35.50.
The firm has a market capitalization of $801.09 million, a PE ratio of -10.31 and a beta of 3.87.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Macquarie Group Ltd. bought a new stake in Intellia Therapeutics in the second quarter worth $101,000. Patriot Financial Group Insurance Agency LLC bought a new stake in Intellia Therapeutics in the third quarter worth $116,000. Nikko Asset Management Americas Inc. bought a new stake in Intellia Therapeutics in the third quarter worth $141,000. Legal & General Group Plc lifted its stake in Intellia Therapeutics by 75.4% in the second quarter. Legal & General Group Plc now owns 5,427 shares of the company’s stock worth $149,000 after purchasing an additional 2,333 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Intellia Therapeutics by 519.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,733 shares of the company’s stock worth $157,000 after purchasing an additional 4,807 shares during the last quarter. 66.59% of the stock is owned by institutional investors.
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About Intellia Therapeutics (NASDAQ:NTLA)
Intellia Therapeutics, Inc, a gene editing company, focuses on the development of therapeutics utilizing a biological tool known as the CRISPR/Cas9 system. The company develops in vivo programs focused on liver diseases, including transthyretin amyloidosis, alpha-1 antitrypsin deficiency, hepatitis B virus, and inborn errors of metabolism programs.
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