Crispr Therapeutics (NASDAQ:CRSP)‘s stock had its “hold” rating reissued by Cann in a research note issued to investors on Sunday.
The analysts wrote, “CRISPR Therapeutics presented updated preclinical data on CTX001, a CRISPR gene-editing therapy for beta-thalassemia and sickle cell disease, at the 2017 American Society of Hematology meeting. These data are highly supportive of the upcoming phase I clinical development program in beta-thalassemia, which is on track to begin in 2018.””
A number of other equities analysts also recently issued reports on CRSP. Oppenheimer began coverage on Crispr Therapeutics in a research note on Thursday. They set a “hold” rating for the company. BidaskClub downgraded Crispr Therapeutics from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Chardan Capital reiterated a “buy” rating on shares of Crispr Therapeutics in a research note on Monday, August 14th. SunTrust Banks reiterated a “hold” rating and set a $16.00 price target on shares of Crispr Therapeutics in a research note on Friday, November 10th. Finally, Barclays reiterated a “buy” rating and set a $29.00 price target on shares of Crispr Therapeutics in a research note on Friday, September 8th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $22.38.
Crispr Therapeutics (NASDAQ:CRSP) last released its quarterly earnings results on Wednesday, November 8th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.60) by ($0.02). The company had revenue of $2.39 million for the quarter, compared to analyst estimates of $3.61 million. Crispr Therapeutics had a negative net margin of 466.58% and a negative return on equity of 38.42%. Crispr Therapeutics’s revenue for the quarter was up 54.2% on a year-over-year basis. During the same quarter last year, the firm posted ($2.77) EPS. equities analysts anticipate that Crispr Therapeutics will post -2.46 earnings per share for the current fiscal year.
In other news, Director Thomas Woiwode sold 1,700 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $20.21, for a total value of $34,357.00. Following the transaction, the director now owns 8,218 shares in the company, valued at approximately $166,085.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Corp /De/ Celgene sold 1,112,446 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $18.98, for a total value of $21,114,225.08. The disclosure for this sale can be found here. Insiders have sold a total of 1,935,654 shares of company stock valued at $36,843,188 in the last quarter. Company insiders own 39.98% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in CRSP. Wells Fargo & Company MN boosted its stake in shares of Crispr Therapeutics by 459.7% in 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 during the last quarter. Capital Investment Advisory Services LLC purchased a new position in shares of Crispr Therapeutics in the 3rd quarter worth approximately $193,000. Ark Investment Management LLC purchased a new position in shares of Crispr Therapeutics in the 2nd quarter worth approximately $206,000. Moloney Securities Asset Management LLC purchased a new position in shares of Crispr Therapeutics in the 3rd quarter worth approximately $235,000. Finally, Vanguard Group Inc. purchased a new position in shares of Crispr Therapeutics in the 2nd quarter worth approximately $273,000. Hedge funds and other institutional investors own 24.55% of the company’s stock.
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Crispr Therapeutics Company Profile
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.
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