Sarepta Therapeutics, Inc. (NASDAQ:SRPT) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Friday.

Other equities research analysts also recently issued reports about the company. J P Morgan Chase & Co set a $42.00 target price on Sarepta Therapeutics and gave the stock a “buy” rating in a research report on Saturday, March 11th. Oppenheimer Holdings, Inc. set a $76.00 price objective on Sarepta Therapeutics and gave the company a “buy” rating in a report on Sunday, March 26th. Piper Jaffray Companies set a $43.00 price objective on Sarepta Therapeutics and gave the company a “buy” rating in a report on Thursday, May 18th. Vetr downgraded Sarepta Therapeutics from a “strong-buy” rating to a “buy” rating and set a $36.86 price objective on the stock. in a report on Monday, May 15th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $60.00 price objective on shares of Sarepta Therapeutics in a report on Thursday. Four investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Sarepta Therapeutics presently has a consensus rating of “Buy” and a consensus price target of $59.95.

Analyst Recommendations for Sarepta Therapeutics (NASDAQ:SRPT)

Shares of Sarepta Therapeutics (SRPT) traded down 1.30% during mid-day trading on Friday, reaching $35.02. The company’s stock had a trading volume of 2,047,642 shares. Sarepta Therapeutics has a 12 month low of $16.52 and a 12 month high of $63.73. The stock’s market capitalization is $1.92 billion. The company has a 50 day moving average price of $32.66 and a 200 day moving average price of $31.47.

Sarepta Therapeutics (NASDAQ:SRPT) last released its earnings results on Thursday, April 27th. The biotechnology company reported ($0.73) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.85) by $0.12. The firm had revenue of $16.34 million for the quarter, compared to analyst estimates of $13.80 million. During the same period last year, the business earned ($1.15) earnings per share. The firm’s quarterly revenue was up 163300.0% compared to the same quarter last year. On average, equities research analysts anticipate that Sarepta Therapeutics will post ($0.65) earnings per share for the current fiscal year.

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A number of hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new stake in Sarepta Therapeutics during the fourth quarter worth approximately $645,000. Raymond James Financial Services Advisors Inc. raised its stake in Sarepta Therapeutics by 417.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 8,063 shares of the biotechnology company’s stock worth $221,000 after buying an additional 10,602 shares in the last quarter. Allianz Asset Management AG acquired a new stake in Sarepta Therapeutics during the fourth quarter worth approximately $1,675,000. Pacad Investment Ltd. acquired a new stake in Sarepta Therapeutics during the fourth quarter worth approximately $255,000. Finally, First Allied Advisory Services Inc. raised its stake in Sarepta Therapeutics by 0.3% in the fourth quarter. First Allied Advisory Services Inc. now owns 9,026 shares of the biotechnology company’s stock worth $248,000 after buying an additional 26 shares in the last quarter. 73.49% of the stock is owned by hedge funds and other institutional investors.

Sarepta Therapeutics Company Profile

Sarepta Therapeutics, Inc is a biopharmaceutical company. The Company focuses on the discovery and development of ribose nucleic acid (RNA)-targeted therapeutics for the treatment of rare neuromuscular diseases. It operates through discovering, developing, manufacturing and delivering therapies to patients with Duchenne muscular dystrophy (DMD).

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