bluebird bio Inc (BLUE) Given Consensus Rating of “Hold” by Brokerages

Shares of bluebird bio Inc (NASDAQ:BLUE) have been given a consensus recommendation of “Hold” by the twenty-five ratings firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $167.00.

A number of equities analysts recently issued reports on BLUE shares. Evercore ISI upgraded shares of bluebird bio from an “in-line” rating to an “outperform” rating and set a $102.00 price objective for the company in a research report on Monday, October 16th. BMO Capital Markets boosted their target price on shares of bluebird bio from $134.00 to $162.00 and gave the stock a “buy” rating in a report on Monday, October 30th. Cantor Fitzgerald reissued a “sell” rating and set a $58.00 target price (up from $39.00) on shares of bluebird bio in a report on Wednesday, November 1st. Leerink Swann reissued an “outperform” rating and set a $162.00 target price (up from $145.00) on shares of bluebird bio in a report on Wednesday, November 1st. Finally, BTIG Research raised shares of bluebird bio from a “neutral” rating to a “buy” rating and set a $177.00 target price on the stock in a report on Thursday, November 2nd.

In other news, insider David Davidson sold 4,000 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $202.36, for a total value of $809,440.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Nick Leschly sold 117,500 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $184.08, for a total transaction of $21,629,400.00. Following the completion of the sale, the insider now directly owns 293,232 shares in the company, valued at $53,978,146.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 200,280 shares of company stock worth $37,818,846. Insiders own 3.90% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Cornerstone Capital Management Holdings LLC. boosted its stake in shares of bluebird bio by 0.8% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 17,955 shares of the biotechnology company’s stock valued at $1,885,000 after purchasing an additional 140 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of bluebird bio by 0.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 31,433 shares of the biotechnology company’s stock valued at $3,302,000 after purchasing an additional 151 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of bluebird bio by 5.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,600 shares of the biotechnology company’s stock valued at $378,000 after purchasing an additional 191 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of bluebird bio by 6.5% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 5,444 shares of the biotechnology company’s stock valued at $748,000 after purchasing an additional 330 shares during the last quarter. Finally, C WorldWide Group Holding A S boosted its stake in shares of bluebird bio by 17.8% in the 3rd quarter. C WorldWide Group Holding A S now owns 2,474 shares of the biotechnology company’s stock valued at $340,000 after purchasing an additional 374 shares during the last quarter.

bluebird bio (NASDAQ:BLUE) traded up $1.00 during mid-day trading on Friday, reaching $191.80. 988,183 shares of the company were exchanged, compared to its average volume of 927,083. The firm has a market cap of $8,840.00, a PE ratio of -27.36 and a beta of 2.07. bluebird bio has a twelve month low of $73.50 and a twelve month high of $222.03.

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bluebird bio Company Profile

bluebird bio, Inc is a clinical-stage biotechnology company. The Company is focused on developing gene therapies for severe diseases and cancer. With its lentiviral-based gene therapy and gene editing capabilities, it has built an integrated product platform with various applications in these areas. The Company’s clinical programs in severe genetic diseases include its LentiGlobin product candidate to treat transfusion-dependent b-thalassemia and to treat severe sickle cell disease (SCD) and its Lenti-D product candidate to treat cerebral adrenoleukodystrophy (CALD).

Analyst Recommendations for bluebird bio (NASDAQ:BLUE)

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