bluebird bio, Inc. (NASDAQ:BLUE) – Wedbush decreased their FY2017 EPS estimates for bluebird bio in a report issued on Monday. Wedbush analyst D. Nierengarten now anticipates that the biotechnology company will post earnings per share of ($7.27) for the year, down from their prior forecast of ($6.90). Wedbush has a “Outperform” rating and a $174.00 price objective on the stock. Wedbush also issued estimates for bluebird bio’s Q4 2017 earnings at ($2.10) EPS, FY2018 earnings at ($6.83) EPS, FY2019 earnings at ($7.05) EPS, FY2020 earnings at ($4.33) EPS and FY2021 earnings at $6.30 EPS.

bluebird bio (NASDAQ:BLUE) last released its quarterly earnings results on Wednesday, November 1st. The biotechnology company reported ($1.73) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.68) by ($0.05). The firm had revenue of $7.71 million for the quarter, compared to analysts’ expectations of $8.47 million. bluebird bio had a negative net margin of 883.18% and a negative return on equity of 28.79%. The firm’s quarterly revenue was up 397.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($2.07) EPS.

BLUE has been the topic of a number of other research reports. Cantor Fitzgerald reissued a “sell” rating and issued a $39.00 target price on shares of bluebird bio in a research report on Thursday, September 28th. Evercore ISI raised bluebird bio from an “in-line” rating to an “outperform” rating and set a $102.00 target price on the stock in a research report on Monday, October 16th. BMO Capital Markets boosted their target price on bluebird bio from $134.00 to $162.00 and gave the company a “buy” rating in a research report on Monday, October 30th. Goldman Sachs Group reissued a “buy” rating and issued a $186.00 target price on shares of bluebird bio in a research report on Friday, October 6th. Finally, Cowen reissued an “outperform” rating on shares of bluebird bio in a research report on Thursday, August 31st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. bluebird bio has a consensus rating of “Hold” and an average target price of $157.45.

Shares of bluebird bio (NASDAQ BLUE) opened at $184.90 on Thursday. bluebird bio has a 12-month low of $60.95 and a 12-month high of $222.03.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC raised its holdings in shares of bluebird bio by 9.6% in the second quarter. FMR LLC now owns 6,713,949 shares of the biotechnology company’s stock valued at $705,301,000 after buying an additional 587,236 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of bluebird bio by 9.9% in the second quarter. Capital Research Global Investors now owns 5,483,117 shares of the biotechnology company’s stock valued at $576,001,000 after buying an additional 493,072 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of bluebird bio by 10.7% in the second quarter. Vanguard Group Inc. now owns 3,559,102 shares of the biotechnology company’s stock valued at $373,884,000 after buying an additional 343,856 shares during the last quarter. Eagle Asset Management Inc. purchased a new stake in shares of bluebird bio in the third quarter valued at about $29,539,000. Finally, American Century Companies Inc. purchased a new stake in shares of bluebird bio in the third quarter valued at about $31,170,000.

In related news, insider Jeffrey T. Walsh sold 4,900 shares of the business’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $129.94, for a total value of $636,706.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David Davidson sold 4,000 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $131.31, for a total transaction of $525,240.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 97,582 shares of company stock valued at $15,597,932. 3.90% of the stock is owned by corporate insiders.

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bluebird bio Company Profile

bluebird bio, Inc is a clinical-stage biotechnology company. The Company is focused on developing gene therapies for severe diseases and cancer. With its lentiviral-based gene therapy and gene editing capabilities, it has built an integrated product platform with various applications in these areas. The Company’s clinical programs in severe genetic diseases include its LentiGlobin product candidate to treat transfusion-dependent b-thalassemia and to treat severe sickle cell disease (SCD) and its Lenti-D product candidate to treat cerebral adrenoleukodystrophy (CALD).

Earnings History and Estimates for bluebird bio (NASDAQ:BLUE)

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