Spark Therapeutics Inc (NASDAQ:ONCE) – Investment analysts at Leerink Swann issued their Q2 2018 earnings per share (EPS) estimates for shares of Spark Therapeutics in a research note issued on Monday. Leerink Swann analyst J. Schwartz anticipates that the biotechnology company will post earnings of ($1.47) per share for the quarter. Leerink Swann currently has a “Market Perform” rating and a $49.00 target price on the stock. Leerink Swann also issued estimates for Spark Therapeutics’ Q3 2018 earnings at ($1.21) EPS.

Spark Therapeutics (NASDAQ:ONCE) last announced its earnings results on Tuesday, November 7th. The biotechnology company reported ($1.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.79) by ($0.11). The business had revenue of $1.90 million for the quarter, compared to analyst estimates of $1.40 million. Spark Therapeutics had a negative return on equity of 60.01% and a negative net margin of 1,090.11%. The business’s revenue was up 45.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.07) EPS.

ONCE has been the subject of a number of other research reports. Jefferies Group restated a “buy” rating and set a $95.00 target price on shares of Spark Therapeutics in a research report on Tuesday, October 10th. SunTrust Banks set a $101.00 price objective on shares of Spark Therapeutics and gave the company a “buy” rating in a research report on Monday, October 16th. BMO Capital Markets reissued a “buy” rating and issued a $101.00 price objective on shares of Spark Therapeutics in a research report on Wednesday, November 15th. Cowen reissued a “buy” rating and issued a $95.00 price objective on shares of Spark Therapeutics in a research report on Tuesday, October 10th. Finally, Royal Bank of Canada cut their price objective on shares of Spark Therapeutics from $100.00 to $98.00 and set an “outperform” rating for the company in a research report on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $82.08.

Shares of Spark Therapeutics (NASDAQ ONCE) traded down $2.96 on Wednesday, reaching $44.76. 4,202,500 shares of the company’s stock were exchanged, compared to its average volume of 475,176. Spark Therapeutics has a one year low of $41.06 and a one year high of $91.75.

Hedge funds have recently made changes to their positions in the company. Belpointe Asset Management LLC acquired a new stake in Spark Therapeutics in the third quarter valued at $403,000. Neuberger Berman Group LLC acquired a new stake in Spark Therapeutics in the third quarter valued at $672,000. Cubist Systematic Strategies LLC raised its holdings in Spark Therapeutics by 257.7% in the third quarter. Cubist Systematic Strategies LLC now owns 8,588 shares of the biotechnology company’s stock valued at $766,000 after acquiring an additional 6,187 shares in the last quarter. Perceptive Advisors LLC acquired a new stake in Spark Therapeutics in the third quarter valued at $16,049,000. Finally, Orbimed Advisors LLC acquired a new stake in Spark Therapeutics in the third quarter valued at $38,340,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

In other Spark Therapeutics news, insider Daniel Faga sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $85.00, for a total transaction of $127,500.00. Following the completion of the sale, the insider now directly owns 1,500 shares in the company, valued at $127,500. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Stephen W. Webster sold 10,000 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $70.14, for a total transaction of $701,400.00. Following the completion of the transaction, the chief financial officer now owns 12,500 shares of the company’s stock, valued at $876,750. The disclosure for this sale can be found here. Insiders have sold 1,068,809 shares of company stock valued at $89,809,385 in the last ninety days. 7.30% of the stock is currently owned by company insiders.

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About Spark Therapeutics

Spark Therapeutics, Inc is a gene therapy company. The Company focuses on treating orphan diseases. It has a pipeline of product candidates targeting multiple rare blinding conditions, hematologic disorders and neurodegenerative diseases. Its pipeline includes a product candidate targeting choroideremia (CHM), which is in a Phase I/II clinical trial and a product candidate for hemophilia A, which is in a Phase I/II clinical trial.

Earnings History and Estimates for Spark Therapeutics (NASDAQ:ONCE)

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