Sarepta Therapeutics’ (SRPT) Buy Rating Reiterated at HC Wainwright
Sarepta Therapeutics (NASDAQ:SRPT)‘s stock had its “buy” rating reaffirmed by stock analysts at HC Wainwright in a note issued to investors on Tuesday. They currently have a $75.00 price target on the biotechnology company’s stock. HC Wainwright’s target price would indicate a potential upside of 35.01% from the company’s previous close.
SRPT has been the topic of a number of other reports. Credit Suisse Group reiterated an “outperform” rating and issued a $81.00 price objective on shares of Sarepta Therapeutics in a report on Monday, October 2nd. Robert W. Baird reiterated a “buy” rating and issued a $101.00 price objective on shares of Sarepta Therapeutics in a report on Tuesday, October 17th. Oppenheimer reiterated a “buy” rating and issued a $76.00 price objective on shares of Sarepta Therapeutics in a report on Wednesday, December 27th. William Blair reiterated an “outperform” rating on shares of Sarepta Therapeutics in a report on Monday, October 2nd. Finally, JPMorgan Chase & Co. restated a “hold” rating on shares of Sarepta Therapeutics in a research note on Monday, September 25th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seventeen have given a buy rating to the company’s stock. Sarepta Therapeutics currently has a consensus rating of “Buy” and an average target price of $63.88.
Sarepta Therapeutics (NASDAQ:SRPT) traded up $1.53 on Tuesday, reaching $55.55. The company had a trading volume of 1,026,157 shares, compared to its average volume of 2,629,540. Sarepta Therapeutics has a 12-month low of $26.26 and a 12-month high of $59.95. The firm has a market capitalization of $3,600.00, a PE ratio of -27.23 and a beta of 1.37. The company has a quick ratio of 9.52, a current ratio of 10.44 and a debt-to-equity ratio of 0.04.
In related news, CEO Douglas S. Ingram acquired 38,138 shares of Sarepta Therapeutics stock in a transaction dated Wednesday, November 8th. The shares were acquired at an average cost of $52.44 per share, for a total transaction of $1,999,956.72. Following the completion of the purchase, the chief executive officer now owns 420,196 shares in the company, valued at $22,035,078.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Hans Lennart Rudolf Wigzell sold 6,667 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $55.89, for a total value of $372,618.63. Following the completion of the sale, the director now owns 13,333 shares in the company, valued at $745,181.37. The disclosure for this sale can be found here. 9.60% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Neuberger Berman Group LLC acquired a new stake in shares of Sarepta Therapeutics in the third quarter valued at $1,134,000. California Public Employees Retirement System increased its holdings in Sarepta Therapeutics by 1.2% in the third quarter. California Public Employees Retirement System now owns 142,900 shares of the biotechnology company’s stock valued at $6,482,000 after buying an additional 1,700 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in Sarepta Therapeutics in the third quarter valued at $474,000. Ladenburg Thalmann Financial Services Inc. increased its holdings in Sarepta Therapeutics by 140.9% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,262 shares of the biotechnology company’s stock valued at $193,000 after buying an additional 2,493 shares during the last quarter. Finally, Highbridge Capital Management LLC purchased a new position in Sarepta Therapeutics in the third quarter valued at $922,000. Institutional investors and hedge funds own 82.02% of the company’s stock.
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Sarepta Therapeutics Company Profile
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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