TESARO, Inc. (TSRO) Receives “Outperform” Rating from Wells Fargo & Company
TESARO, Inc. (NASDAQ:TSRO)‘s stock had its “outperform” rating reissued by Wells Fargo & Company in a research report issued on Sunday.
TSRO has been the topic of a number of other research reports. BidaskClub downgraded TESARO from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th. Robert W. Baird restated a “neutral” rating on shares of TESARO in a report on Tuesday, June 6th. Bank of America Corporation restated a “buy” rating and issued a $154.00 price objective on shares of TESARO in a report on Tuesday, June 20th. Wedbush upgraded TESARO to an “outperform” rating and set a $168.00 price objective on the stock in a report on Monday, June 5th. Finally, ValuEngine downgraded TESARO from a “hold” rating to a “sell” rating in a report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. TESARO has a consensus rating of “Buy” and an average price target of $175.52.
Shares of TESARO (TSRO) opened at 113.86 on Friday. The stock’s market capitalization is $6.17 billion. The firm’s 50-day moving average is $125.98 and its 200 day moving average is $147.86. TESARO has a 1-year low of $83.26 and a 1-year high of $192.94.
TESARO (NASDAQ:TSRO) last released its quarterly earnings data on Tuesday, August 8th. The biopharmaceutical company reported ($2.82) EPS for the quarter, missing analysts’ consensus estimates of ($2.52) by $0.30. TESARO had a negative return on equity of 104.00% and a negative net margin of 1,301.19%. The firm had revenue of $29.50 million during the quarter, compared to analyst estimates of $18.61 million. During the same quarter in the prior year, the company posted ($1.28) EPS. The company’s quarterly revenue was down 17.6% on a year-over-year basis. On average, analysts expect that TESARO will post ($8.70) EPS for the current fiscal year.
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In other news, VP Edward C. English sold 8,500 shares of the firm’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $138.65, for a total value of $1,178,525.00. Following the sale, the vice president now owns 5,396 shares in the company, valued at $748,155.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 40.50% of the company’s stock.
Large investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio increased its stake in shares of TESARO by 82.4% in the second quarter. Public Employees Retirement System of Ohio now owns 36,667 shares of the biopharmaceutical company’s stock valued at $5,128,000 after buying an additional 16,569 shares during the last quarter. Intellectus Partners LLC increased its stake in shares of TESARO by 17.7% in the second quarter. Intellectus Partners LLC now owns 6,310 shares of the biopharmaceutical company’s stock valued at $883,000 after buying an additional 950 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of TESARO by 20.8% in the second quarter. California State Teachers Retirement System now owns 68,090 shares of the biopharmaceutical company’s stock valued at $9,523,000 after buying an additional 11,706 shares during the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of TESARO by 291.7% in the second quarter. Cubist Systematic Strategies LLC now owns 7,105 shares of the biopharmaceutical company’s stock valued at $994,000 after buying an additional 5,291 shares during the last quarter. Finally, PointState Capital LP bought a new stake in shares of TESARO during the second quarter valued at about $85,971,000.
TESARO Company Profile
TESARO, Inc is an oncology-focused biopharmaceutical company. The Company operates through the business of developing and commercializing of oncology-focused therapeutics segment. It is developing oncology-related product candidates, including rolapitant, niraparib and the product candidates under its immuno-oncology platform.
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