TESARO (NASDAQ:TSRO) had its target price lowered by investment analysts at Morgan Stanley from $165.00 to $156.00 in a report issued on Tuesday. The firm currently has an “overweight” rating on the biopharmaceutical company’s stock. Morgan Stanley’s price objective points to a potential upside of 124.17% from the stock’s previous close.
A number of other brokerages have also weighed in on TSRO. Robert W. Baird reaffirmed a “neutral” rating and issued a $125.00 price target on shares of TESARO in a research note on Monday, October 2nd. Zacks Investment Research lowered shares of TESARO from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. ValuEngine downgraded shares of TESARO from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. HC Wainwright began coverage on shares of TESARO in a research report on Thursday, October 12th. They issued a “buy” rating and a $158.00 price target for the company. Finally, Piper Jaffray Companies reiterated a “neutral” rating and issued a $117.00 price objective on shares of TESARO in a research note on Monday, October 23rd. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. TESARO has a consensus rating of “Hold” and an average price target of $152.26.
Shares of TESARO (TSRO) traded down $2.07 during trading hours on Tuesday, hitting $69.59. 1,747,500 shares of the stock were exchanged, compared to its average volume of 1,093,056. The firm has a market cap of $3,780.00, a price-to-earnings ratio of -8.26 and a beta of 1.51. TESARO has a 12 month low of $69.38 and a 12 month high of $192.94. The company has a current ratio of 4.73, a quick ratio of 4.35 and a debt-to-equity ratio of 0.34.
TESARO (NASDAQ:TSRO) last issued its quarterly earnings results on Tuesday, November 7th. The biopharmaceutical company reported ($0.47) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.16) by $0.69. The company had revenue of $142.77 million during the quarter, compared to analyst estimates of $130.57 million. TESARO had a negative net margin of 251.22% and a negative return on equity of 93.39%. The business’s revenue for the quarter was up 740.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($1.72) EPS. equities analysts forecast that TESARO will post -8.19 earnings per share for the current fiscal year.
In other news, SVP Martin H. Jr. Huber sold 829 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $85.24, for a total transaction of $70,663.96. Following the transaction, the senior vice president now owns 8,101 shares in the company, valued at approximately $690,529.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 34.60% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Exane Derivatives acquired a new position in shares of TESARO during the 3rd quarter worth $106,000. Nordea Investment Management AB acquired a new position in shares of TESARO during the 2nd quarter worth $167,000. Oppenheimer Asset Management Inc. increased its stake in shares of TESARO by 3,042.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 1,477 shares of the biopharmaceutical company’s stock worth $206,000 after purchasing an additional 1,430 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of TESARO by 244.6% during the 3rd quarter. Toronto Dominion Bank now owns 1,592 shares of the biopharmaceutical company’s stock worth $206,000 after purchasing an additional 1,130 shares during the last quarter. Finally, Achmea Investment Management B.V. acquired a new position in shares of TESARO during the 2nd quarter worth $234,000.
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TESARO, Inc is an oncology-focused biopharmaceutical company. The Company operates through the business of developing and commercializing of oncology-focused therapeutics segment. It is developing oncology-related product candidates, including rolapitant, niraparib and the product candidates under its immuno-oncology platform.