Juno Therapeutics, Inc. (JUNO) Coverage Initiated at Barclays PLC
Research analysts at Barclays PLC began coverage on shares of Juno Therapeutics, Inc. (NASDAQ:JUNO) in a research report issued on Wednesday, Marketbeat reports. The firm set an “overweight” rating and a $55.00 price target on the biopharmaceutical company’s stock. Barclays PLC’s price target would suggest a potential upside of 31.42% from the stock’s previous close.
Several other research firms also recently weighed in on JUNO. Wedbush raised Juno Therapeutics from a “neutral” rating to an “outperform” rating and set a $42.00 price objective on the stock in a report on Tuesday, August 29th. Wells Fargo & Company reissued an “outperform” rating and set a $54.00 price objective (up previously from $35.00) on shares of Juno Therapeutics in a report on Tuesday, September 5th. Raymond James Financial, Inc. raised Juno Therapeutics from a “market perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a report on Tuesday, August 29th. Standpoint Research reissued a “reduce” rating on shares of Juno Therapeutics in a report on Thursday, August 31st. Finally, Vetr raised Juno Therapeutics from a “sell” rating to a “hold” rating and set a $28.85 price objective on the stock in a report on Monday, July 10th. Three analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. Juno Therapeutics currently has an average rating of “Hold” and a consensus target price of $34.88.
Shares of Juno Therapeutics (NASDAQ:JUNO) traded down 1.78% during trading on Wednesday, hitting $41.85. The stock had a trading volume of 1,850,028 shares. The stock’s market capitalization is $4.39 billion. Juno Therapeutics has a one year low of $17.52 and a one year high of $44.60. The stock has a 50 day moving average price of $32.06 and a 200-day moving average price of $26.37.
Juno Therapeutics (NASDAQ:JUNO) last released its quarterly earnings data on Thursday, August 3rd. The biopharmaceutical company reported ($0.96) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.72) by $0.24. Juno Therapeutics had a negative net margin of 354.36% and a negative return on equity of 27.10%. The firm had revenue of $21.30 million for the quarter, compared to analyst estimates of $15.59 million. During the same period last year, the business earned ($0.64) EPS. The company’s revenue was down 22.8% compared to the same quarter last year. On average, equities research analysts predict that Juno Therapeutics will post ($3.12) earnings per share for the current year.
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In related news, Director Anthony B. Evnin bought 9,000 shares of the business’s stock in a transaction on Tuesday, June 20th. The shares were purchased at an average cost of $24.40 per share, with a total value of $219,600.00. Following the acquisition, the director now owns 66,301 shares of the company’s stock, valued at $1,617,744.40. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Douglas K. Bratton sold 8,000,000 shares of Juno Therapeutics stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $27.00, for a total value of $216,000,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 8,078,369 shares of company stock worth $218,620,477 over the last ninety days. Company insiders own 15.26% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Utah Retirement Systems lifted its holdings in Juno Therapeutics by 1.8% during the 2nd quarter. Utah Retirement Systems now owns 11,600 shares of the biopharmaceutical company’s stock worth $347,000 after buying an additional 200 shares during the period. State of Wisconsin Investment Board lifted its stake in shares of Juno Therapeutics by 1.7% in the 2nd quarter. State of Wisconsin Investment Board now owns 12,562 shares of the biopharmaceutical company’s stock valued at $375,000 after purchasing an additional 210 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Juno Therapeutics by 7.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,405 shares of the biopharmaceutical company’s stock valued at $102,000 after purchasing an additional 228 shares during the period. Amalgamated Bank lifted its stake in shares of Juno Therapeutics by 19.0% in the 2nd quarter. Amalgamated Bank now owns 10,900 shares of the biopharmaceutical company’s stock valued at $326,000 after purchasing an additional 1,741 shares during the period. Finally, Evercore Wealth Management LLC lifted its stake in shares of Juno Therapeutics by 6.7% in the 2nd quarter. Evercore Wealth Management LLC now owns 32,062 shares of the biopharmaceutical company’s stock valued at $958,000 after purchasing an additional 2,000 shares during the period. 70.76% of the stock is currently owned by hedge funds and other institutional investors.
Juno Therapeutics Company Profile
Juno Therapeutics, Inc (Juno) is a biopharmaceutical company, which is focused on developing cellular immunotherapies for the treatment of cancer. The Company is developing cell-based cancer immunotherapies based on its chimeric antigen receptor (CAR) and T cell receptor (TCR) technologies to genetically engineer T cells to recognize and kill cancer cells.
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