James O. Armitage Sells 10,000 Shares of TESARO, Inc. (TSRO) Stock
TESARO, Inc. (NASDAQ:TSRO) Director James O. Armitage sold 10,000 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $117.13, for a total value of $1,171,300.00. Following the sale, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $1,171,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
TESARO, Inc. (NASDAQ TSRO) traded up 2.43% on Wednesday, reaching $121.62. The company had a trading volume of 977,112 shares. The firm’s market capitalization is $6.59 billion. The stock’s 50-day moving average price is $121.03 and its 200 day moving average price is $138.94. TESARO, Inc. has a 52-week low of $96.52 and a 52-week high of $192.94.
TESARO (NASDAQ:TSRO) last announced its earnings results on Tuesday, August 8th. The biopharmaceutical company reported ($2.82) earnings per share for the quarter, missing the consensus estimate of ($2.52) by ($0.30). The business had revenue of $29.50 million for the quarter, compared to analyst estimates of $18.61 million. TESARO had a negative net margin of 1,301.19% and a negative return on equity of 104.00%. The firm’s revenue was down 17.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.28) earnings per share. On average, equities analysts anticipate that TESARO, Inc. will post ($8.61) earnings per share for the current fiscal year.
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TSRO has been the subject of a number of research reports. Gabelli initiated coverage on TESARO in a research note on Friday, July 7th. They issued a “buy” rating and a $175.00 price objective for the company. ValuEngine raised TESARO from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Oppenheimer Holdings, Inc. initiated coverage on TESARO in a research note on Thursday, May 25th. They issued an “outperform” rating and a $183.00 price objective for the company. Wedbush raised TESARO to an “outperform” rating and set a $168.00 price objective for the company in a research note on Monday, June 5th. Finally, Credit Suisse Group set a $198.00 price objective on TESARO and gave the company a “buy” rating in a research note on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $171.42.
Several institutional investors have recently made changes to their positions in the company. Achmea Investment Management B.V. acquired a new stake in shares of TESARO during the second quarter valued at about $234,000. Public Employees Retirement System of Ohio grew its stake in shares of TESARO by 82.4% during 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 acquiring an additional 16,569 shares in the last quarter. Intellectus Partners LLC grew its stake in shares of TESARO by 17.7% during the second quarter. Intellectus Partners LLC now owns 6,310 shares of the biopharmaceutical company’s stock valued at $883,000 after acquiring an additional 950 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of TESARO by 20.8% during 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 acquiring an additional 11,706 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake in shares of TESARO by 291.7% during the second quarter. Cubist Systematic Strategies LLC now owns 7,105 shares of the biopharmaceutical company’s stock valued at $994,000 after acquiring an additional 5,291 shares in the last quarter.
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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