Sarepta Therapeutics, Inc. (SRPT) Stock Rating Reaffirmed by Piper Jaffray Companies
Sarepta Therapeutics, Inc. (NASDAQ:SRPT)‘s stock had its “overweight” rating reiterated by stock analysts at Piper Jaffray Companies in a research note issued on Thursday. They presently have a $55.00 price objective on the biotechnology company’s stock, up from their previous price objective of $50.00. Piper Jaffray Companies’ price objective points to a potential upside of 21.20% from the stock’s current price.
A number of other analysts have also recently weighed in on SRPT. Needham & Company LLC reissued a “buy” rating and issued a $75.00 price objective on shares of Sarepta Therapeutics in a research report on Wednesday. Credit Suisse Group lifted their price target on Sarepta Therapeutics from $5.65 to $81.00 and gave the stock an “outperform” rating in a research report on Thursday. Robert W. Baird reaffirmed an “outperform” rating and set a $101.00 price target on shares of Sarepta Therapeutics in a research report on Wednesday. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $76.00 price target on shares of Sarepta Therapeutics in a research report on Thursday. Finally, Barclays PLC assumed coverage on Sarepta Therapeutics in a research report on Wednesday. They set an “equal weight” rating and a $46.00 price target for the company. Nine research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $62.31.
Sarepta Therapeutics (NASDAQ:SRPT) traded down 2.89% during midday trading on Thursday, reaching $45.38. The company’s stock had a trading volume of 3,787,888 shares. The firm has a 50 day moving average price of $38.96 and a 200-day moving average price of $34.02. The company’s market cap is $2.92 billion. Sarepta Therapeutics has a 12-month low of $25.47 and a 12-month high of $63.73.
Sarepta Therapeutics (NASDAQ:SRPT) last posted its quarterly earnings data on Wednesday, July 19th. The biotechnology company reported ($0.46) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.92) by $0.46. The business had revenue of $35.01 million during the quarter, compared to analyst estimates of $22.52 million. The firm’s revenue for the quarter was up 350000.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($1.19) EPS. On average, equities research analysts predict that Sarepta Therapeutics will post ($1.17) earnings per share for the current fiscal year.
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In related news, SVP Alexander Cumbo sold 5,918 shares of Sarepta Therapeutics stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $41.00, for a total value of $242,638.00. Following the completion of the transaction, the senior vice president now owns 22,793 shares in the company, valued at approximately $934,513. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Edward M. Md Kaye sold 10,000 shares of Sarepta Therapeutics stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $41.00, for a total value of $410,000.00. Following the completion of the transaction, the director now owns 62,471 shares of the company’s stock, valued at approximately $2,561,311. The disclosure for this sale can be found here. In the last 90 days, insiders sold 78,056 shares of company stock valued at $3,224,208. 9.60% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in Sarepta Therapeutics by 4,403.1% in the 1st quarter. BlackRock Inc. now owns 5,292,729 shares of the biotechnology company’s stock worth $156,664,000 after buying an additional 5,175,193 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Sarepta Therapeutics by 4.0% in the 2nd quarter. Vanguard Group Inc. now owns 4,259,029 shares of the biotechnology company’s stock worth $143,572,000 after buying an additional 162,543 shares during the last quarter. State Street Corp boosted its holdings in Sarepta Therapeutics by 21.2% in the 1st quarter. State Street Corp now owns 3,197,127 shares of the biotechnology company’s stock worth $94,641,000 after buying an additional 559,342 shares during the last quarter. HealthCor Management L.P. boosted its holdings in Sarepta Therapeutics by 31.1% in the 2nd quarter. HealthCor Management L.P. now owns 2,031,890 shares of the biotechnology company’s stock worth $68,495,000 after buying an additional 481,890 shares during the last quarter. Finally, Camber Capital Management LLC acquired a new stake in Sarepta Therapeutics in the 1st quarter worth about $39,960,000. Institutional investors own 65.43% of the company’s stock.
About Sarepta Therapeutics
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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