What Analysts Suggest About Kite Pharma Inc (NASDAQ:KITE)?

Kite 6-month CAR-T data show sustained efficacy, boosting prospects ahead of upcoming FDA filing

They now have a $74.00 price target on the biopharmaceutical company's stock. The average 12-month price target among brokerages that have issued a report on the stock in the previous year is $73.67.

A number of other research firms have also weighed in on KITE. Jefferies Group LLC reissued a "buy" rating and issued a $72.00 target price on shares of Kite Pharma in a research report on Friday, December 9th. Stifel Nicolaus restated a buy rating on shares of Kite Pharma in a research report on Monday, December 12th. Finally, Canaccord Genuity set a $75.00 target price on Kite Pharma and gave the stock a "buy" rating in a research report on Tuesday, November 29th.

10/07/2016 - Kite Pharma, Inc. had its "buy" rating reiterated by analysts at Goldman Sachs. The original version of this article can be viewed at https://baseballnewssource.com/markets/kite-pharma-inc-kite-svp-jeffrey-wiezorek-sells-18000-shares/480682.html.

02/01/2017 - Wedbush began new coverage on Kite Pharma, Inc. giving the company a " rating.




California-based Kite Pharma, which is the gene therapy's sponsor, is competing with Novartis AG to become an initial victor of the treatment approval. The company saw 7.74 million shares trade hands over the course of the day.

Best time to invest in stock market is when things are on odd side, and it's not easy how to pick stocks. Shares have been recorded at -10.33% separated from the 52-week high of 80.82 and +81.99% away from the 52-week low of 39.82. The company is expected to release $-1.72 EPS for current quarter according to 12 analysts whereas the company reported $-0.9 EPS during same quarter a year ago.

The High Revenue estimate is predicted as 7.71 Million, while the Low Revenue Estimate prediction stands at 4 Million. Kite Pharma had a negative net margin of 994.89% and a negative return on equity of 39.26%. During the same period in the prior year, the firm posted ($0.54) earnings per share. Kite Pharma now has an average rating of Buy and an average price target of $69.09. The stock was sold at an average price of $50.86, for a total transaction of $249,264.86. (NASDAQ:KITE), according to U.S. Securities and Exchange Commission (SEC) filings.

3/1/2017 per share and the total transaction amounting to Roy Doumani. Following the completion of the sale, the senior vice president now directly owns 15,095 shares in the company, valued at $767,731.70. The disclosure for this sale can be found here. State Street Corp now owns 1,967,213 shares of the biopharmaceutical company's stock valued at $88,217,000 after buying an additional 383,693 shares in the last quarter. Highline Capital Management L.P. bought a new stake in shares of Kite Pharma during the third quarter valued at about $28,232,000. BlackRock Inc. boosted its stake in shares of Kite Pharma by 2.2% in the third quarter. The insider owns 131,017 shares which have current market value of around $10431573.54.Cynthia M. Butitta is another major inside shareholder in the company. BlackRock Fund Advisors raised its stake in Kite Pharma by 5.7% in the third quarter. Capital International Investors now owns 1,314,200 shares of the biopharmaceutical company's stock valued at $73,411,000 after buying an additional 589,500 shares in the last quarter. Following the transaction, the chief operating officer now owns 92,995 shares of the company's stock, valued at $4,729,725.70. Amalgamated Bank purchased a new stake in Kite Pharma during the second quarter valued at approximately $243,000.

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