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ADPT Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
17.565
Open
17.110
VWAP
17.37
Vol
3.88M
Mkt Cap
2.81B
Low
17.000
Amount
67.43M
EV/EBITDA(TTM)
--
Total Shares
160.04M
EV
2.73B
EV/OCF(TTM)
--
P/S(TTM)
9.26
Adaptive Biotechnologies Corporation is a commercial-stage biotechnology company. The Company is focused on harnessing the inherent biology of the adaptive immune system to transform the diagnosis and treatment of disease. Its immune medicine platform reveals and translates the massive genetics of the adaptive immune system with scale, precision and speed. It applies its platform to partner with biopharmaceutical companies, inform drug development, and develop clinical diagnostics across its two business segments: Minimal Residual Disease (MRD) and Immune Medicine. The MRD business focuses on the use of its sensitive, next-generation sequencing (NGS) assay to measure MRD in patients with hematologic malignancies. Its MRD business is comprised of its clonoSEQ clinical diagnostic test, offered to clinicians. The IM business focuses on the discovery and development of transformative immune-based therapies in the treatment of patients with cancer and autoimmune diseases.
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Events Timeline

(ET)
2026-06-17
08:30:00
Adaptive Biotechnologies Prices $300 Million Convertible Notes Offering
select
2026-06-16 (ET)
2026-06-16
08:30:00
Adaptive Biotechnologies Plans to Offer $250 Million Convertible Senior Notes
select
2026-06-15 (ET)
2026-06-15
16:30:00
Adaptive Biotechnologies Plans to Separate Businesses
select
2026-05-05 (ET)
2026-05-05
16:50:00
Adaptive Biotechnologies Q1 Revenue $70.87M Beats Expectations
select

News

seekingalpha
8.5
06-17seekingalpha
Adaptive Biotechnologies Upsizes Convertible Notes Offering to $300 Million
  • Offering Upsized: Adaptive Biotechnologies has increased its convertible notes offering from an initial target of $250 million to $300 million due to strong institutional demand, indicating robust market confidence in the company's financing strategy and enhancing its financial flexibility.
  • Clear Use of Proceeds: The offering is expected to yield net proceeds of approximately $290.8 million, which will be allocated to refinance debt related to the OrbiMed Purchase Agreement, thereby reducing revenue royalty exposure, while also setting aside $25 million for a share buyback of 1,451,800 common shares to enhance shareholder value.
  • Conversion Terms Established: The initial conversion price for the notes is set at approximately $24.11 per share, representing a 40% premium over the closing price of $17.22 on June 16, 2026, aimed at attracting investors and providing potential capital appreciation opportunities.
  • Shareholder Protection: The company has entered into capped call transactions with initial purchasers, establishing a cap price of $34.44 per share to minimize potential equity dilution risks, ensuring that existing shareholders are not adversely affected during the conversion of the notes.
NASDAQ.COM
8.5
06-17NASDAQ.COM
Adaptive Biotechnologies Prices $300 Million Upsized Convertible Notes Offering
  • Upsized Offering: Adaptive Biotechnologies has increased its convertible notes offering from $250 million to $300 million, expected to close on June 22, 2026, indicating strong market confidence in the company's financing needs.
  • Conversion Price Set: The notes have an initial conversion price of approximately $24.11 per share, representing a 40% premium over the June 16 closing price of $17.22, providing investors with potential capital appreciation opportunities and reflecting the company's confidence in future growth.
  • Clear Use of Proceeds: The company plans to allocate about $22.3 million for capped call transactions, $25 million for repurchasing 1.45 million shares, with remaining funds aimed at repaying obligations under the OrbiMed Purchase Agreement and supporting growth in its minimal residual disease (MRD) business, showcasing strategic capital allocation.
  • Advisor Participation: J. Wood Capital Advisors has agreed to purchase approximately $10 million of the company's shares in concurrent private transactions with institutional investors, further bolstering market confidence in the company's future development while providing additional support for the bond issuance.
Newsfilter
8.5
06-17Newsfilter
Adaptive Biotechnologies Prices $300 Million Convertible Notes Offering
  • Increased Offering Size: Adaptive Biotechnologies announced a $300 million offering of 0% convertible senior notes, up from the previously announced $250 million, with settlement expected on June 22, 2026, enhancing financial flexibility.
  • Defined Use of Proceeds: The estimated net proceeds of approximately $290.8 million will allocate $22.3 million for capped call transactions, $25 million for repurchasing 1,451,800 shares of common stock, and the remainder for repaying the OrbiMed Purchase Agreement and general corporate purposes, thereby improving capital efficiency.
  • Attractive Conversion Terms: The initial conversion price of approximately $24.11 per share represents a 40% premium over the last reported price of $17.22 on June 16, 2026, which not only attracts investors but may also boost the company's stock price and enhance market confidence.
  • Risk Management Strategy: The company entered into capped call transactions with initial purchasers, with an initial cap price of $34.44 per share, aimed at reducing potential dilution risks and optimizing capital structure, ensuring competitiveness amid future market fluctuations.
seekingalpha
4.5
06-16seekingalpha
Adaptive Biotechnologies Announces Structural Separation Plan
  • Structural Separation Plan: Adaptive Biotechnologies announced a complete separation of its Minimal Residual Disease (MRD) and Immune Medicine segments, with a preferred path to be determined by the end of 2026, aiming to enhance value as both segments enter different growth stages.
  • MRD Business Growth: The MRD Diagnostics Unit is projected to increase revenue from $103 million in 2023 to $212 million by 2025, generating $15 million in adjusted EBITDA, indicating strong market performance and future growth potential.
  • Private Debt Offering: The company plans a $250 million private placement of convertible senior notes maturing in July 2026, aimed at repaying its existing OrbiMed Purchase Agreement and mitigating potential equity dilution through concurrent stock repurchases.
  • Immune Medicine Platform Outlook: The Immune Medicine division has developed a unique discovery platform using AI and the largest immune receptor dataset, which is expected to have better value outside a diagnostic corporate model, potentially achieving a more favorable market position post-separation.
seekingalpha
2.0
06-16seekingalpha
Stock Futures Muted as Investors Await U.S.-Iran Peace Agreement
  • SpaceX Stock Surge: Space Exploration Technologies (SPCX) shares rose 9% to $209.57, extending its post-IPO rally and reflecting a 55% increase from its offering price, indicating strong investor confidence in the company's growth trajectory.
  • Qualcomm's AI Device Strategy: Qualcomm (QCOM) shares gained 5% after CEO Cristiano Amon announced the development of over 40 next-generation AI-powered consumer devices, with smart glasses highlighted as a key growth opportunity that could rival smartphones in scale.
  • Dave & Buster's Earnings Miss: Dave & Buster's (PLAY) shares plummeted 14% following disappointing Q1 results, with comparable store sales down 5.4%, although management remains optimistic about future cash flow despite current consumer spending pressures.
  • Adaptive Biotechnologies Restructuring: Adaptive Biotechnologies (ADPT) shares fell 7% after announcing a proposed $250M private offering of convertible senior notes, aimed at splitting its core business into two independent entities to sharpen strategic focus and enhance shareholder value.
NASDAQ.COM
4.5
06-16NASDAQ.COM
Adaptive Biotechnologies Plans Business Separation
  • Business Separation Plan: Adaptive Biotechnologies announced its intention to separate its Minimal Residual Disease (MRD) and Immune Medicine businesses to support their respective growth strategies and capital needs, with a preferred separation path expected by the end of 2026, aiming to enhance value creation potential for both segments.
  • Convertible Notes Offering: The company plans to offer $250 million of senior convertible notes in a Rule 144A private placement to qualified institutional buyers, maturing in 2031 with semi-annual interest payments, which is expected to provide funding for stock repurchases and other corporate purposes.
  • Funding Utilization Strategy: Up to $25 million is earmarked for stock repurchases, with additional funds allocated to repay the OrbiMed purchase agreement to enhance financial flexibility, while remaining proceeds will support general corporate purposes and MRD initiatives, indicating a focus on future growth.
  • Market Reaction: Following the separation announcement, ADPT's stock fell 7.22% in the overnight market to $16.20, reflecting investor uncertainty regarding the company's strategic direction, despite its stock trading between $9.95 and $20.76 over the past year.
Wall Street analysts forecast ADPT stock price to rise
8 Analyst Rating
Wall Street analysts forecast ADPT stock price to rise
7 Buy
1 Hold
0 Sell
Strong Buy
Current: 0.000
sliders
Low
20.00
Averages
20.86
High
22.00
Current: 0.000
sliders
Low
20.00
Averages
20.86
High
22.00
Morgan Stanley
Kallum Titchmarsh
Equal Weight
downgrade
$21 -> $18
AI Analysis
2026-05-12
Reason
Morgan Stanley
Kallum Titchmarsh
Price Target
$21 -> $18
AI Analysis
2026-05-12
downgrade
Equal Weight
Reason
Morgan Stanley analyst Kallum Titchmarsh lowered the firm's price target on Adaptive Biotechnologies to $18 from $21 and keeps an Equal Weight rating on the shares.
JPMorgan
Overweight
downgrade
$21 -> $19
2026-05-06
Reason
JPMorgan
Price Target
$21 -> $19
2026-05-06
downgrade
Overweight
Reason
JPMorgan lowered the firm's price target on Adaptive Biotechnologies to $19 from $21 and keeps an Overweight rating on the shares. The firm updated the company's model post the Q1 report.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for ADPT
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Valuation Metrics

The current forward P/E ratio for Adaptive Biotechnologies Corp (ADPT.O) is 0.00, compared to its 5-year average forward P/E of -9.36. For a more detailed relative valuation and DCF analysis to assess Adaptive Biotechnologies Corp's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PE
-9.36
Current PE
0.00
Overvalued PE
-2.50
Undervalued PE
-16.23

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
-23.02
Current EV/EBITDA
-37.41
Overvalued EV/EBITDA
5.34
Undervalued EV/EBITDA
-51.39

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
8.24
Current PS
7.97
Overvalued PS
15.51
Undervalued PS
0.96

Financials

AI Analysis
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Quarterly

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Whales Holding ADPT

D
Divisadero Street Capital Management, LP
Holding
ADPT
+21.70%
3M Return
A
Aristotle Atlantic Partners, LLC
Holding
ADPT
+13.20%
3M Return
V
Viking Global Investors LP
Holding
ADPT
+11.96%
3M Return

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Frequently Asked Questions

What is Adaptive Biotechnologies Corp (ADPT) stock price today?

The current price of ADPT is 17.53 USD — it has increased 4.47

What is Adaptive Biotechnologies Corp (ADPT)'s business?

Adaptive Biotechnologies Corporation is a commercial-stage biotechnology company. The Company is focused on harnessing the inherent biology of the adaptive immune system to transform the diagnosis and treatment of disease. Its immune medicine platform reveals and translates the massive genetics of the adaptive immune system with scale, precision and speed. It applies its platform to partner with biopharmaceutical companies, inform drug development, and develop clinical diagnostics across its two business segments: Minimal Residual Disease (MRD) and Immune Medicine. The MRD business focuses on the use of its sensitive, next-generation sequencing (NGS) assay to measure MRD in patients with hematologic malignancies. Its MRD business is comprised of its clonoSEQ clinical diagnostic test, offered to clinicians. The IM business focuses on the discovery and development of transformative immune-based therapies in the treatment of patients with cancer and autoimmune diseases.

What is the price predicton of ADPT Stock?

Wall Street analysts forecast ADPT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ADPT is20.86 USD with a low forecast of 20.00 USD and a high forecast of 22.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Adaptive Biotechnologies Corp (ADPT)'s revenue for the last quarter?

Adaptive Biotechnologies Corp revenue for the last quarter amounts to 70.87M USD, increased 35.14

What is Adaptive Biotechnologies Corp (ADPT)'s earnings per share (EPS) for the last quarter?

Adaptive Biotechnologies Corp. EPS for the last quarter amounts to -0.13 USD, decreased -35.00

How many employees does Adaptive Biotechnologies Corp (ADPT). have?

Adaptive Biotechnologies Corp (ADPT) has 624 emplpoyees as of June 21 2026.

What is Adaptive Biotechnologies Corp (ADPT) market cap?

Today ADPT has the market capitalization of 2.81B USD.