Juno Therapeutics, Inc. (NASDAQ:JUNO) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 14,724,068 shares, a decline of 6.4% from the August 15th total of 15,734,670 shares. Based on an average daily volume of 5,210,536 shares, the days-to-cover ratio is presently 2.8 days. Approximately 19.1% of the company’s stock are sold short.

In other Juno Therapeutics news, Director Anthony B. Evnin acquired 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 20th. The stock was acquired at an average cost of $24.40 per share, for a total transaction of $219,600.00. Following the transaction, the director now owns 66,301 shares of the company’s stock, valued at $1,617,744.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steve Harr sold 8,750 shares of the business’s stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $30.00, for a total value of $262,500.00. Following the completion of the transaction, the chief financial officer now owns 736,189 shares of the company’s stock, valued at $22,085,670. The disclosure for this sale can be found here. Insiders sold a total of 8,119,219 shares of company stock valued at $220,455,844 over the last quarter. 15.26% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the stock. Baillie Gifford & Co. boosted its position in shares of Juno Therapeutics by 1.2% during the first quarter. Baillie Gifford & Co. now owns 11,197,863 shares of the biopharmaceutical company’s stock valued at $248,481,000 after buying an additional 135,908 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Juno Therapeutics by 2.1% during the second quarter. Vanguard Group Inc. now owns 6,285,676 shares of the biopharmaceutical company’s stock worth $187,879,000 after acquiring an additional 131,864 shares during the period. BlackRock Inc. lifted its holdings in Juno Therapeutics by 2.6% during the second quarter. BlackRock Inc. now owns 4,294,296 shares of the biopharmaceutical company’s stock worth $128,357,000 after acquiring an additional 110,503 shares during the period. State Street Corp lifted its holdings in Juno Therapeutics by 7.4% during the second quarter. State Street Corp now owns 3,236,384 shares of the biopharmaceutical company’s stock worth $96,742,000 after acquiring an additional 222,754 shares during the period. Finally, Capital World Investors lifted its holdings in Juno Therapeutics by 13.8% during the second quarter. Capital World Investors now owns 2,425,000 shares of the biopharmaceutical company’s stock worth $72,483,000 after acquiring an additional 295,000 shares during the period. 70.76% of the stock is currently owned by institutional investors.

A number of research firms have weighed in on JUNO. Vetr raised Juno Therapeutics to a “buy” rating in a research report on Tuesday, May 23rd. Wedbush reaffirmed a “neutral” rating and set a $24.00 price target on shares of Juno Therapeutics in a research report on Tuesday, June 6th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $54.00 price target (up previously from $35.00) on shares of Juno Therapeutics in a research report on Tuesday, September 5th. BidaskClub raised Juno Therapeutics from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Finally, Zacks Investment Research raised Juno Therapeutics from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. Juno Therapeutics has a consensus rating of “Hold” and a consensus price target of $34.88.

Shares of Juno Therapeutics (NASDAQ:JUNO) opened at 44.57 on Friday. The company’s market cap is $4.68 billion. The company has a 50-day moving average price of $33.60 and a 200-day moving average price of $26.98. Juno Therapeutics has a 1-year low of $17.52 and a 1-year high of $47.00.

Juno Therapeutics (NASDAQ:JUNO) last announced its earnings results on Thursday, August 3rd. The biopharmaceutical company reported ($0.96) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.72) by ($0.24). The company had revenue of $21.30 million for the quarter, compared to analysts’ expectations of $15.59 million. Juno Therapeutics had a negative net margin of 354.36% and a negative return on equity of 27.10%. The firm’s quarterly revenue was down 22.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.64) EPS. Equities research analysts expect that Juno Therapeutics will post ($3.12) earnings per share for the current fiscal year.

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About Juno Therapeutics

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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