Spark Therapeutics (ONCE) Given a $71.00 Price Target by Sanford C. Bernstein Analysts
Spark Therapeutics (NASDAQ:ONCE) has been given a $71.00 price target by analysts at Sanford C. Bernstein in a report released on Wednesday. The firm currently has a “buy” rating on the biotechnology company’s stock. Sanford C. Bernstein’s price objective suggests a potential upside of 58.62% from the stock’s previous close.
A number of other brokerages have also weighed in on ONCE. Goldman Sachs Group reiterated a “buy” rating and issued a $111.00 price target on shares of Spark Therapeutics in a report on Friday, October 6th. BMO Capital Markets set a $89.00 price target on shares of Spark Therapeutics and gave the company a “buy” rating in a report on Tuesday, October 10th. Cowen reiterated a “buy” rating and issued a $95.00 price target on shares of Spark Therapeutics in a report on Tuesday, October 10th. Chardan Capital reiterated a “buy” rating and issued a $100.00 price target on shares of Spark Therapeutics in a report on Friday, October 13th. Finally, Raymond James Financial assumed coverage on shares of Spark Therapeutics in a report on Thursday, October 12th. They issued an “outperform” rating and a $96.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $80.86.
Shares of Spark Therapeutics (NASDAQ ONCE) traded down $2.96 on Wednesday, hitting $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 52 week low of $41.06 and a 52 week high of $91.75.
In other Spark Therapeutics news, insider Katherine A. High sold 5,000 shares of the business’s stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $86.16, for a total value of $430,800.00. Following the transaction, the insider now owns 215,000 shares in the company, valued at approximately $18,524,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel Faga sold 1,500 shares of the business’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $85.00, for a total transaction of $127,500.00. Following the completion of the transaction, the insider now owns 1,500 shares in the company, valued at approximately $127,500. The disclosure for this sale can be found here. Insiders have sold a total of 1,068,809 shares of company stock worth $89,809,385 in the last 90 days. Company insiders own 7.30% of the company’s stock.
Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its holdings in Spark Therapeutics by 15.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,848,988 shares of the biotechnology company’s stock worth $164,986,000 after buying an additional 241,016 shares in the last quarter. BlackRock Inc. lifted its holdings in Spark Therapeutics by 11.6% in the 2nd quarter. BlackRock Inc. now owns 2,053,734 shares of the biotechnology company’s stock worth $122,689,000 after buying an additional 213,520 shares in the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in Spark Therapeutics in the 3rd quarter worth $5,286,000. TIAA CREF Investment Management LLC lifted its holdings in Spark Therapeutics by 20.3% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 62,480 shares of the biotechnology company’s stock worth $3,733,000 after buying an additional 10,544 shares in the last quarter. Finally, Balyasny Asset Management LLC lifted its holdings in Spark Therapeutics by 104.8% in the 2nd quarter. Balyasny Asset Management LLC now owns 59,400 shares of the biotechnology company’s stock worth $3,549,000 after buying an additional 30,400 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.
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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.
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