Crispr Therapeutics (CRSP) Raised to Strong-Buy at BidaskClub

Crispr Therapeutics (NASDAQ:CRSP) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Thursday.

Several other analysts also recently weighed in on the stock. SunTrust Banks raised shares of Crispr Therapeutics from a “hold” rating to a “buy” rating in a research note on Tuesday, January 23rd. Piper Jaffray Companies reissued a “buy” rating and issued a $22.75 price target (down from $39.00) on shares of Crispr Therapeutics in a research note on Wednesday, January 10th. Oppenheimer reissued a “hold” rating on shares of Crispr Therapeutics in a research note on Thursday, December 21st. Finally, Cann reissued a “hold” rating on shares of Crispr Therapeutics in a research note on Sunday, December 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $22.81.

Crispr Therapeutics (NASDAQ:CRSP) opened at $39.45 on Thursday. Crispr Therapeutics has a 1 year low of $11.63 and a 1 year high of $42.90. The stock has a market cap of $1,770.00 and a price-to-earnings ratio of -123.28.

Crispr Therapeutics (NASDAQ:CRSP) last announced its earnings results on Wednesday, November 8th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.60) by ($0.02). The company had revenue of $2.39 million during the quarter, compared to analysts’ expectations of $3.61 million. Crispr Therapeutics had a negative return on equity of 38.42% and a negative net margin of 466.58%. The firm’s revenue was up 54.2% on a year-over-year basis. During the same quarter last year, the firm posted ($2.77) earnings per share. analysts expect that Crispr Therapeutics will post -2.42 EPS for the current fiscal year.

In other news, insider Tyler Dylan-Hyde sold 15,000 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $18.90, for a total transaction of $283,500.00. Following the completion of the transaction, the insider now directly owns 130,204 shares of the company’s stock, valued at $2,460,855.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas Woiwode sold 1,700 shares of the company’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $20.21, for a total transaction of $34,357.00. Following the transaction, the director now directly owns 8,218 shares of the company’s stock, valued at $166,085.78. The disclosure for this sale can be found here. Insiders sold 2,234,504 shares of company stock valued at $44,388,553 over the last three months. 39.98% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the company. Wells Fargo & Company MN raised its stake in shares of Crispr Therapeutics by 459.7% during the second quarter. Wells Fargo & Company MN now owns 7,987 shares of the company’s stock valued at $128,000 after acquiring an additional 6,560 shares during the last quarter. Creative Planning bought a new position in shares of Crispr Therapeutics during the fourth quarter valued at about $243,000. Capital Investment Advisory Services LLC bought a new position in shares of Crispr Therapeutics during the third quarter valued at about $193,000. Ark Investment Management LLC bought a new position in shares of Crispr Therapeutics during the second quarter valued at about $206,000. Finally, Moloney Securities Asset Management LLC bought a new position in shares of Crispr Therapeutics during the third quarter valued at about $235,000. 22.02% of the stock is owned by hedge funds and other institutional investors.

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About Crispr Therapeutics

Crispr Therapeutics AG is a Switzerland-based gene-editing company. The Company focuses on the development of transformative gene-based medicines for serious diseases using its Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR)/Cas9 gene-editing platform. CRISPR/Cas9 can be programmed to cut, edit and correct disease-associated deoxyribonucleic acid (DNA) in a patient’s cell.

Analyst Recommendations for Crispr Therapeutics (NASDAQ:CRSP)

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