According to Fintel, on September 14, 2023, Canaccord Genuity maintained coverage of Harpoon Therapeutics (NASDAQ:HARP) with a Buy recommendation.
Analyst Price Forecast Suggests 0.74% Upside
As of August 31, 2023, the average one-year price target for Harpoon Therapeutics is $5.44. The forecasts range from a low of $1.52 to a high of $8.40. The average price target represents an increase of 0.74% from its latest reported closing price of $5.40.
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The projected annual revenue for Harpoon Therapeutics is $30 million, a decrease of 34.77%. The projected annual non-GAAP EPS is -$1.03.
What is the Fund Sentiment?
There are 62 funds or institutions reporting positions in Harpoon Therapeutics. This is a decrease of 14 owners or 18.42% in the last quarter. Average portfolio weight of all funds dedicated to HARP is 0.05%, an increase of 9.48%. Total shares owned by institutions decreased in the last three months by 4.26% to 17,653K shares. The put/call ratio of HARP is 0.00, indicating a bullish outlook.
What are Other Shareholders Doing?
MPM Oncology Impact Management holds 3,197K shares representing 82.45% ownership of the company. No change in the last quarter.
New Leaf Venture Partners, L.L.C. holds 3,157K shares representing 81.42% ownership of the company. No change in the last quarter.
Mpm Asset Management holds 3,131K shares representing 80.77% ownership of the company. No change in the last quarter.
Franklin Resources holds 1,323K shares representing 34.13% ownership of the company. No change in the last quarter.
Artal Group holds 1,000K shares representing 25.79% ownership of the company. No change in the last quarter.
Harpoon Therapeutics Background Information
Harpoon Therapeutics is a clinical-stage immunotherapy company developing a novel class of T cell engagers that harness the power of the body’s immune system to treat patients suffering from cancer and other diseases. T cell engagers are engineered proteins that direct a patient’s own T cells to kill target cells that express specific proteins, or antigens, carried by the target cells. Using its proprietary Tri-specific T cell Activating Construct (TriTAC®) platform, Harpoon is developing a pipeline of novel TriTACs initially focused on the treatment of solid tumors and hematologic malignancies. HPN424 targets PSMA and is in a Phase 1/2a trial for metastatic castration-resistant prostate cancer. HPN536 targets mesothelin and is in a Phase 1/2a trial for cancers expressing mesothelin, initially focused on ovarian and pancreatic cancers. HPN217 targets BCMA and is in a Phase 1/2 trial for relapsed, refractory multiple myeloma. HPN328 targets DLL3 and is in a Phase 1/2 trial for small cell lung cancer and other DLL3-associated tumors. Harpoon has also developed a proprietary ProTriTAC™ platform, which applies a prodrug concept to its TriTAC platform to create a therapeutic T cell engager that remains inactive until it reaches the tumor.
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This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
