Kinnate Biopharma (NASDAQ:KNTE) PT Lowered to $25.00

Kinnate Biopharma (NASDAQ:KNTE – Get Rating) had its price objective trimmed by Wedbush from $29.00 to $25.00 in a report released on Thursday morning, Benzinga reports. The brokerage currently has an outperform rating on the stock.

Separately, Stifel Nicolaus dropped their price target on shares of Kinnate Biopharma from $11.00 to $8.00 and set a hold rating on the stock in a research report on Thursday. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $25.00.

Kinnate Biopharma Stock Down 0.7 %

KNTE stock opened at $5.42 on Thursday. The company has a 50-day simple moving average of $6.17 and a 200 day simple moving average of $8.14. Kinnate Biopharma has a fifty-two week low of $3.30 and a fifty-two week high of $15.86.

Kinnate Biopharma (NASDAQ:KNTE – Get Rating) last issued its quarterly earnings results on Wednesday, March 15th. The company reported ($0.72) EPS for the quarter, missing the consensus estimate of ($0.70) by ($0.02). On average, equities research analysts predict that Kinnate Biopharma will post -2.84 EPS for the current year.

Institutional Trading of Kinnate Biopharma

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Alliancebernstein L.P. acquired a new stake in Kinnate Biopharma during the 4th quarter worth about $81,000. Jane Street Group LLC acquired a new stake in Kinnate Biopharma during the 4th quarter worth about $77,000. SVB Financial Group acquired a new stake in Kinnate Biopharma during the 4th quarter worth about $143,000. Squarepoint Ops LLC acquired a new stake in Kinnate Biopharma during the 4th quarter worth about $153,000. Finally, Marshall Wace LLP raised its holdings in Kinnate Biopharma by 30.5% during the 4th quarter. Marshall Wace LLP now owns 14,944 shares of the company’s stock worth $91,000 after buying an additional 3,492 shares during the period. Institutional investors and hedge funds own 98.68% of the company’s stock.

Kinnate Biopharma Company Profile

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Kinnate Biopharma Inc, a biopharmaceutical company, focuses on the discovery and development of small molecule kinase inhibitors to treat genomically defined cancers in the United States. The company develops KIN-2787, a rapidly accelerated fibrosarcoma inhibitor for the treatment of patients with lung cancer, melanoma, and other solid tumors; KIN-3248 small-molecule kinase inhibitors that target cancer-associated alterations in fibroblast growth factor receptors FGFR2 and FGFR3 genes; and small molecule research programs, including Cyclin-Dependent Kinase 12(CDK12) inhibitor in its KIN004 program.