Editas Medicine Inc (NASDAQ:EDIT) has been assigned a consensus recommendation of “Hold” from the thirteen research firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $31.69.
Several brokerages have recently weighed in on EDIT. SunTrust Banks upgraded shares of Editas Medicine from a “hold” rating to a “buy” rating and increased their price objective for the stock from $17.00 to $45.00 in a research note on Tuesday, January 23rd. Zacks Investment Research cut shares of Editas Medicine from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. BidaskClub upgraded shares of Editas Medicine from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. ValuEngine cut shares of Editas Medicine from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Finally, Cann reiterated a “hold” rating on shares of Editas Medicine in a research note on Tuesday, November 7th.
In other Editas Medicine news, insider Katrine Bosley sold 3,338 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $35.28, for a total transaction of $117,764.64. Following the sale, the insider now owns 1,364,431 shares in the company, valued at approximately $48,137,125.68. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Andrew A. F. Hack sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $25.35, for a total transaction of $126,750.00. Following the sale, the chief financial officer now owns 5,000 shares in the company, valued at approximately $126,750. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 64,648 shares of company stock worth $1,807,213. 19.40% of the stock is owned by company insiders.
Editas Medicine (EDIT) opened at $35.96 on Friday. Editas Medicine has a one year low of $13.12 and a one year high of $37.36. The company has a quick ratio of 10.12, a current ratio of 10.12 and a debt-to-equity ratio of 0.19. The firm has a market cap of $1,670.00 and a P/E ratio of -11.10.
Editas Medicine (NASDAQ:EDIT) last issued its quarterly earnings data on Tuesday, November 7th. The company reported ($0.64) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.60) by ($0.04). Editas Medicine had a negative return on equity of 70.19% and a negative net margin of 1,127.03%. The business had revenue of $6.28 million during the quarter, compared to the consensus estimate of $2.66 million. During the same quarter last year, the company earned ($0.59) EPS. Editas Medicine’s revenue for the quarter was up 553.0% on a year-over-year basis. research analysts expect that Editas Medicine will post -2.92 earnings per share for the current fiscal year.
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About Editas Medicine
Editas Medicine, Inc is a genome editing company. It is engaged in treating patients with genetically defined diseases by correcting their disease-causing genes. It operates through developing and commercializing genome editing technology segment. It is developing a genome editing platform based on clustered, regularly interspaced short palindromic repeats (CRISPR) technology.
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