Piper Jaffray Companies Reiterates “Hold” Rating for TESARO (TSRO)

TESARO (NASDAQ:TSRO)‘s stock had its “hold” rating reiterated by research analysts at Piper Jaffray Companies in a research report issued on Thursday. They presently have a $65.00 target price on the biopharmaceutical company’s stock. Piper Jaffray Companies’ price target points to a potential upside of 2.36% from the company’s previous close.

A number of other research analysts have also weighed in on the company. Credit Suisse Group reissued an “outperform” rating and issued a $150.00 price objective (down from $190.00) on shares of TESARO in a report on Thursday. Morgan Stanley cut their price objective on TESARO from $165.00 to $156.00 and set an “overweight” rating on the stock in a report on Tuesday. HC Wainwright restated a “buy” rating and issued a $158.00 target price on shares of TESARO in a research note on Friday, January 12th. Zacks Investment Research downgraded TESARO from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Finally, Cowen lowered their target price on TESARO from $125.00 to $80.00 and set a “market perform” rating on the stock in a research note on Tuesday, January 2nd. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $149.97.

Shares of TESARO (NASDAQ TSRO) traded up $1.64 during mid-day trading on Thursday, hitting $63.50. The stock had a trading volume of 3,030,000 shares, compared to its average volume of 984,761. The company has a quick ratio of 4.35, a current ratio of 4.73 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $3,450.00, a price-to-earnings ratio of -7.53 and a beta of 1.51. TESARO has a fifty-two week low of $59.77 and a fifty-two week high of $192.94.

TESARO (NASDAQ:TSRO) last announced its quarterly earnings data on Tuesday, November 7th. The biopharmaceutical company reported ($0.47) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.16) by $0.69. The business had revenue of $142.77 million for the quarter, compared to analyst estimates of $130.57 million. TESARO had a negative return on equity of 93.39% and a negative net margin of 251.22%. The company’s revenue was up 740.3% on a year-over-year basis. During the same period in the prior year, the company earned ($1.72) earnings per share. equities analysts expect that TESARO will post -8.19 earnings per share for the current year.

In other TESARO news, SVP Martin H. Jr. Huber sold 829 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $85.24, for a total transaction of $70,663.96. Following the completion of the sale, the senior vice president now owns 8,101 shares of the company’s stock, valued at $690,529.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 40.50% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. Exane Derivatives purchased a new position in TESARO in the third quarter valued at $106,000. Nordea Investment Management AB purchased a new position in TESARO in the second quarter valued at $167,000. Oppenheimer Asset Management Inc. boosted its holdings in TESARO by 3,042.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 1,477 shares of the biopharmaceutical company’s stock valued at $206,000 after purchasing an additional 1,430 shares during the period. Toronto Dominion Bank boosted its holdings in TESARO by 244.6% in the third quarter. Toronto Dominion Bank now owns 1,592 shares of the biopharmaceutical company’s stock valued at $206,000 after purchasing an additional 1,130 shares during the period. Finally, Fox Run Management L.L.C. purchased a new position in TESARO in the fourth quarter valued at $218,000.

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TESARO Company Profile

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.

Analyst Recommendations for TESARO (NASDAQ:TSRO)

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