Sarepta Therapeutics Inc. (SRPT) Upgraded by SunTrust Banks Inc. to “Reduce”
Sarepta Therapeutics Inc. (NASDAQ:SRPT) was upgraded by SunTrust Banks Inc. to a “reduce” rating in a research report issued on Tuesday. The firm presently has a $48.00 price objective on the stock, up from their previous price objective of $4.00. SunTrust Banks Inc.’s price target would indicate a potential downside of 1.92% from the company’s current price.
SRPT has been the topic of several other reports. Royal Bank Of Canada raised Sarepta Therapeutics from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $5.00 to $83.00 in a research note on Monday. Leerink Swann reaffirmed an “underperform” rating and issued a $5.00 price target on shares of Sarepta Therapeutics in a research note on Thursday, August 4th. Vetr cut Sarepta Therapeutics from a “hold” rating to a “sell” rating and set a $17.28 price target on the stock. in a research note on Monday, May 23rd. Robert W. Baird reaffirmed an “outperform” rating and issued a $23.00 price target on shares of Sarepta Therapeutics in a research note on Monday, July 18th. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $60.00 price target on shares of Sarepta Therapeutics in a research note on Tuesday, July 26th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company. Sarepta Therapeutics presently has a consensus rating of “Buy” and a consensus price target of $46.40.
Shares of Sarepta Therapeutics (NASDAQ:SRPT) traded up 14.109% during midday trading on Tuesday, hitting $55.845. The stock had a trading volume of 7,044,931 shares. Sarepta Therapeutics has a 12 month low of $8.00 and a 12 month high of $56.18. The stock’s 50-day moving average is $27.32 and its 200-day moving average is $21.07. The stock’s market cap is $2.67 billion.
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Sarepta Therapeutics (NASDAQ:SRPT) last posted its earnings results on Tuesday, July 19th. The company reported ($1.35) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.19) by $0.16. During the same quarter in the previous year, the firm earned ($0.87) earnings per share. Equities analysts anticipate that Sarepta Therapeutics will post ($5.16) EPS for the current year.
In other Sarepta Therapeutics news, CEO Edward M. Md Kaye sold 24,557 shares of the company’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $30.00, for a total value of $736,710.00. Following the completion of the sale, the chief executive officer now owns 76,983 shares in the company, valued at $2,309,490. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 10.90% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the company. Harbour Capital Advisors LLC bought a new stake in shares of Sarepta Therapeutics during the second quarter worth approximately $335,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Sarepta Therapeutics by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 153,816 shares of the company’s stock worth $2,934,000 after buying an additional 2,766 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of Sarepta Therapeutics by 5.4% in the second quarter. Stifel Financial Corp now owns 23,076 shares of the company’s stock worth $441,000 after buying an additional 1,178 shares during the last quarter. American Century Companies Inc. bought a new stake in shares of Sarepta Therapeutics during the second quarter worth approximately $651,000. Finally, First Allied Advisory Services Inc. boosted its stake in shares of Sarepta Therapeutics by 6.7% in the second quarter. First Allied Advisory Services Inc. now owns 12,800 shares of the company’s stock worth $245,000 after buying an additional 800 shares during the last quarter. Institutional investors and hedge funds own 72.09% of the company’s stock.
Sarepta Therapeutics Company Profile
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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