Sarepta Therapeutics Inc. (SRPT) Upgraded by Royal Bank Of Canada to “Outperform”
Sarepta Therapeutics Inc. (NASDAQ:SRPT) was upgraded by analysts at Royal Bank Of Canada from a “sector perform” rating to an “outperform” rating in a note issued to investors on Monday. The firm currently has a $83.00 target price on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 47.63% from the stock’s previous close.
Several other research analysts also recently issued reports on SRPT. Oppenheimer Holdings Inc. reiterated a “buy” rating and set a $60.00 price target on shares of Sarepta Therapeutics in a report on Sunday, July 17th. Piper Jaffray Cos. reissued a “sell” rating and issued a $6.00 price objective on shares of Sarepta Therapeutics in a research note on Saturday, June 4th. Robert W. Baird reissued an “outperform” rating and issued a $23.00 price objective on shares of Sarepta Therapeutics in a research note on Thursday, May 26th. Vetr cut shares of Sarepta Therapeutics from a “buy” rating to a “strong sell” rating and set a $17.28 price objective on the stock. in a research note on Wednesday, June 8th. Finally, Janney Montgomery Scott reissued a “hold” rating on shares of Sarepta Therapeutics in a research note on Thursday, May 26th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $51.01.
Shares of Sarepta Therapeutics (NASDAQ:SRPT) traded up 0.88% on Monday, reaching $56.22. The company’s stock had a trading volume of 8,767,424 shares. The company’s market cap is $2.69 billion. The company has a 50 day moving average price of $29.05 and a 200 day moving average price of $21.62. Sarepta Therapeutics has a 52-week low of $8.00 and a 52-week high of $58.87.
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Sarepta Therapeutics (NASDAQ:SRPT) last announced its quarterly earnings results on Tuesday, July 19th. The company reported ($1.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.19) by $0.16. During the same period in the prior year, the business posted ($0.87) EPS. On average, analysts anticipate that Sarepta Therapeutics will post ($4.17) earnings per share for the current fiscal year.
In other Sarepta Therapeutics news, VP Jayant Aphale sold 35,000 shares of the stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $50.00, for a total value of $1,750,000.00. Following the completion of the sale, the vice president now owns 21,490 shares in the company, valued at approximately $1,074,500. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Edward M. Md Kaye sold 24,557 shares of the stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $30.00, for a total transaction of $736,710.00. Following the completion of the sale, the chief executive officer now owns 76,983 shares of the company’s stock, valued at approximately $2,309,490. The disclosure for this sale can be found here. 10.90% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Sarepta Therapeutics by 5.5% in the second quarter. Vanguard Group Inc. now owns 3,105,816 shares of the company’s stock valued at $59,227,000 after buying an additional 161,790 shares during the period. State Street Corp raised its stake in Sarepta Therapeutics by 25.3% in the second quarter. State Street Corp now owns 3,092,427 shares of the company’s stock valued at $58,976,000 after buying an additional 625,051 shares during the period. BlackRock Fund Advisors raised its stake in Sarepta Therapeutics by 2.2% in the first quarter. BlackRock Fund Advisors now owns 1,661,818 shares of the company’s stock valued at $32,439,000 after buying an additional 36,371 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in Sarepta Therapeutics by 2.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,068,913 shares of the company’s stock valued at $20,865,000 after buying an additional 25,799 shares during the period. Finally, Franklin Resources Inc. purchased a new stake in Sarepta Therapeutics during the first quarter valued at approximately $13,506,000. Hedge funds and other institutional investors own 72.09% of the company’s stock.
About Sarepta Therapeutics
Sarepta Therapeutics, Inc is a biopharmaceutical company. The Company is focused on the discovery and development of ribonucleic acid (RNA)-targeted therapeutics for the treatment of rare, infectious and other diseases. The Company operates in one segment: the development of pharmaceutical products on its own behalf or in collaboration with others.
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