Allogene Therapeutics, Inc. (NASDAQ:ALLO – Get Free Report) has earned an average rating of “Moderate Buy” from the twelve research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $16.35.
Several equities analysts have issued reports on ALLO shares. HC Wainwright reaffirmed a “buy” rating and set a $23.00 price objective on shares of Allogene Therapeutics in a report on Monday, August 7th. Truist Financial dropped their price target on Allogene Therapeutics from $20.00 to $18.00 in a research note on Wednesday, July 12th. Stifel Nicolaus reduced their price objective on Allogene Therapeutics from $8.00 to $7.50 in a research note on Thursday, May 4th. Oppenheimer restated an “outperform” rating and set a $28.00 target price on shares of Allogene Therapeutics in a research report on Thursday, August 3rd. Finally, JMP Securities cut their target price on shares of Allogene Therapeutics from $19.00 to $15.00 in a report on Friday, May 5th.
Insider Transactions at Allogene Therapeutics
Hedge Funds Weigh In On Allogene Therapeutics
A number of institutional investors and hedge funds have recently made changes to their positions in ALLO. Penserra Capital Management LLC acquired a new position in Allogene Therapeutics during the first quarter worth $66,000. Great West Life Assurance Co. Can raised its stake in shares of Allogene Therapeutics by 26.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 8,827 shares of the company’s stock worth $43,000 after buying an additional 1,826 shares during the last quarter. CI Investments Inc. boosted its position in shares of Allogene Therapeutics by 341.1% in the 4th quarter. CI Investments Inc. now owns 9,002 shares of the company’s stock worth $57,000 after buying an additional 6,961 shares in the last quarter. Nordwand Advisors LLC purchased a new stake in shares of Allogene Therapeutics in the 4th quarter worth about $60,000. Finally, Centaurus Financial Inc. acquired a new stake in Allogene Therapeutics in the 1st quarter valued at about $49,000. 78.51% of the stock is owned by institutional investors and hedge funds.
Allogene Therapeutics Stock Up 3.1 %
Shares of ALLO opened at $3.96 on Thursday. The company has a market capitalization of $663.81 million, a price-to-earnings ratio of -1.62 and a beta of 0.74. Allogene Therapeutics has a 52-week low of $3.70 and a 52-week high of $15.56. The stock has a 50 day moving average price of $4.68 and a 200 day moving average price of $5.31.
Allogene Therapeutics (NASDAQ:ALLO – Get Free Report) last issued its earnings results on Wednesday, August 2nd. The company reported ($0.53) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.59) by $0.06. Allogene Therapeutics had a negative net margin of 184,733.34% and a negative return on equity of 54.13%. The business had revenue of $0.04 million during the quarter, compared to analysts’ expectations of $0.01 million. During the same quarter in the prior year, the business posted ($0.52) EPS. The company’s revenue for the quarter was down 48.8% on a year-over-year basis. On average, equities analysts anticipate that Allogene Therapeutics will post -2.25 EPS for the current fiscal year.
Allogene Therapeutics Company Profile
Allogene Therapeutics, Inc, a clinical stage immuno-oncology company, develops and commercializes genetically engineered allogeneic T cell therapies for the treatment of cancer. It develops, manufactures, and commercializes UCART19, an allogeneic chimeric antigen receptor (CAR) T cell product candidate for the treatment of pediatric and adult patients with R/R CD19 positive B-cell ALL.
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