Equities researchers at HC Wainwright assumed coverage on shares of Sarepta Therapeutics (NASDAQ:SRPT) in a note issued to investors on Friday. The firm set a “buy” rating and a $75.00 price target on the biotechnology company’s stock. HC Wainwright’s target price would indicate a potential upside of 34.72% from the company’s current price.
Other analysts have also recently issued research reports about the company. SunTrust Banks reaffirmed a “buy” rating and set a $56.00 price target on shares of Sarepta Therapeutics in a research report on Thursday, September 7th. Oppenheimer reissued a “buy” rating and issued a $76.00 target price on shares of Sarepta Therapeutics in a research report on Thursday, September 7th. Needham & Company LLC reiterated a “buy” rating and issued a $75.00 target price on shares of Sarepta Therapeutics in a report on Wednesday, September 6th. Nomura reissued a “buy” rating and issued a $84.00 price objective on shares of Sarepta Therapeutics in a report on Tuesday, September 5th. Finally, Instinet reaffirmed a “buy” rating and set a $84.00 price target on shares of Sarepta Therapeutics in a report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $64.14.
Shares of Sarepta Therapeutics (NASDAQ SRPT) opened at $55.67 on Friday. Sarepta Therapeutics has a one year low of $26.26 and a one year high of $57.57. The company has a debt-to-equity ratio of 0.04, a current ratio of 10.44 and a quick ratio of 9.52.
In related news, SVP Shamim Ruff sold 11,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $50.00, for a total transaction of $575,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas S. Ingram acquired 38,138 shares of Sarepta Therapeutics stock in a transaction on Wednesday, November 8th. The shares were purchased at an average price of $52.44 per share, for a total transaction of $1,999,956.72. Following the completion of the acquisition, the chief executive officer now directly owns 420,196 shares in the company, valued at $22,035,078.24. The disclosure for this purchase can be found here. Company insiders own 9.60% of the company’s stock.
A number of large investors have recently bought and sold shares of SRPT. J. Goldman & Company purchased a new position in Sarepta Therapeutics in the third quarter valued at $58,000. Teacher Retirement System of Texas grew its holdings in shares of Sarepta Therapeutics by 13.6% during the second quarter. Teacher Retirement System of Texas now owns 6,034 shares of the biotechnology company’s stock worth $115,000 after purchasing an additional 724 shares during the last quarter. Prentiss Smith & Co. Inc. grew its holdings in shares of Sarepta Therapeutics by 772.2% during the second quarter. Prentiss Smith & Co. Inc. now owns 3,576 shares of the biotechnology company’s stock worth $121,000 after purchasing an additional 3,166 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of Sarepta Therapeutics during the first quarter worth about $127,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Sarepta Therapeutics by 150.1% during the first quarter. PNC Financial Services Group Inc. now owns 4,666 shares of the biotechnology company’s stock worth $138,000 after purchasing an additional 2,800 shares during the last quarter. Institutional investors own 82.02% of the company’s stock.
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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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