Unum Therapeutics (UMRX) Reaches New 12-Month Low at $6.18

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Unum Therapeutics Inc (NASDAQ:UMRX) shares hit a new 52-week low during trading on Thursday . The company traded as low as $6.18 and last traded at $6.46, with a volume of 4116 shares traded. The stock had previously closed at $6.65.

UMRX has been the topic of a number of recent research reports. Zacks Investment Research upgraded Unum Therapeutics from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. Morgan Stanley boosted their price objective on Unum Therapeutics from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Thursday, October 11th. Cowen restated a “hold” rating on shares of Unum Therapeutics in a research note on Monday, November 19th. Finally, Wedbush restated an “outperform” rating and set a $20.00 price objective on shares of Unum Therapeutics in a research note on Tuesday, September 18th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $20.67.

Unum Therapeutics (NASDAQ:UMRX) last issued its quarterly earnings data on Monday, November 12th. The company reported ($0.34) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.35) by $0.01. The company had revenue of $2.04 million for the quarter, compared to analysts’ expectations of $2.29 million. Unum Therapeutics had a negative return on equity of 382.71% and a negative net margin of 404.34%. On average, equities analysts predict that Unum Therapeutics Inc will post -1.56 EPS for the current fiscal year.

In other Unum Therapeutics news, insider Seth Ettenberg sold 11,485 shares of the business’s stock in a transaction dated Thursday, October 25th. The stock was sold at an average price of $8.46, for a total transaction of $97,163.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders have sold 34,455 shares of company stock worth $320,776.

Institutional investors and hedge funds have recently modified their holdings of the business. Jennison Associates LLC lifted its stake in shares of Unum Therapeutics by 4.3% in the second quarter. Jennison Associates LLC now owns 935,307 shares of the company’s stock worth $13,305,000 after acquiring an additional 38,552 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Unum Therapeutics in the second quarter worth about $177,000. Spark Investment Management LLC acquired a new position in shares of Unum Therapeutics in the second quarter worth about $186,000. Keybank National Association OH acquired a new position in shares of Unum Therapeutics in the second quarter worth about $195,000. Finally, BlackRock Inc. acquired a new position in shares of Unum Therapeutics in the second quarter worth about $6,403,000. Institutional investors own 51.07% of the company’s stock.

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Unum Therapeutics Company Profile (NASDAQ:UMRX)

Unum Therapeutics Inc, a clinical stage biopharmaceutical company, develops and commercializes immunotherapy products designed to harness the power of a patient's immune system to cure cancer. Its lead product candidate is the ACTR087 used in combination with rituximab, which is in Phase I clinical trials to treat adult patients with relapsed or refractory non-Hodgkin lymphoma.

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