Crispr Theraptc (NASDAQ:CRSP)‘s stock had its “buy” rating reiterated by analysts at Barclays PLC in a report released on Friday. They currently have a $29.00 price target on the stock. Barclays PLC’s price target would indicate a potential upside of 54.75% from the stock’s previous close.

A number of other analysts have also recently weighed in on the company. Cann started coverage on Crispr Theraptc in a research report on Monday, July 17th. They set a “market perform” rating for the company. SunTrust Banks, Inc. started coverage on Crispr Theraptc in a research report on Thursday, July 13th. They set a “hold” rating and a $16.00 price objective for the company. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Crispr Theraptc in a research report on Tuesday, July 18th. Finally, Chardan Capital reaffirmed a “buy” rating on shares of Crispr Theraptc in a research report on Monday, August 14th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $23.08.

Shares of Crispr Theraptc (NASDAQ:CRSP) traded down 1.88% on Friday, reaching $18.74. The company had a trading volume of 128,660 shares. The firm’s market capitalization is $760.68 million. Crispr Theraptc has a 52 week low of $11.63 and a 52 week high of $25.00. The company’s 50-day moving average price is $18.56 and its 200 day moving average price is $17.82.

Crispr Theraptc (NASDAQ:CRSP) last posted its quarterly earnings data on Thursday, August 10th. The company reported ($0.56) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.62) by $0.06. Crispr Theraptc had a negative return on equity of 47.46% and a negative net margin of 406.61%. The company had revenue of $3.60 million during the quarter, compared to analysts’ expectations of $3.29 million. The firm’s revenue was up 350.0% compared to the same quarter last year. On average, analysts expect that Crispr Theraptc will post ($2.43) EPS for the current year.

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In other Crispr Theraptc news, Director Kurt Von Emster sold 88,011 shares of the stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $19.79, for a total transaction of $1,741,737.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Tyler Dylan-Hyde sold 15,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $18.57, for a total value of $278,550.00. Following the sale, the insider now directly owns 167,727 shares of the company’s stock, valued at $3,114,690.39. The disclosure for this sale can be found here. Insiders have sold a total of 827,921 shares of company stock valued at $15,063,254 over the last ninety days. 39.98% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the company. IHT Wealth Management LLC purchased a new position in shares of Crispr Theraptc during the 1st quarter worth approximately $110,000. Wells Fargo & Company MN raised its stake in shares of Crispr Theraptc by 459.7% during the 2nd quarter. Wells Fargo & Company MN now owns 7,987 shares of the company’s stock worth $128,000 after buying an additional 6,560 shares in the last quarter. ARK Investment Management LLC purchased a new position in shares of Crispr Theraptc during the 2nd quarter worth approximately $206,000. Vanguard Group Inc. purchased a new position in shares of Crispr Theraptc during the 2nd quarter worth approximately $273,000. Finally, Monashee Investment Management LLC raised its stake in shares of Crispr Theraptc by 208.7% during the 1st quarter. Monashee Investment Management LLC now owns 22,186 shares of the company’s stock worth $473,000 after buying an additional 15,000 shares in the last quarter. 23.90% of the stock is owned by institutional investors and hedge funds.

About Crispr Theraptc

Crispr Therapeutics AG is a Switzerland-based gene-editing company. The Company focuses on the development of transformative gene-based medicines for serious diseases using its Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR)/Cas9 gene-editing platform. CRISPR/Cas9 can be programmed to cut, edit and correct disease-associated deoxyribonucleic acid (DNA) in a patient’s cell.

Analyst Recommendations for Crispr Theraptc (NASDAQ:CRSP)

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