$2.05 Million in Sales Expected for Crispr Theraptc (CRSP) This Quarter
Analysts expect Crispr Theraptc (NASDAQ:CRSP) to post $2.05 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Crispr Theraptc’s earnings, with the highest sales estimate coming in at $3.60 million and the lowest estimate coming in at $500,000.00. Crispr Theraptc reported sales of $1.55 million in the same quarter last year, which would suggest a positive year over year growth rate of 32.3%. The company is expected to issue its next earnings results on Tuesday, November 28th.
On average, analysts expect that Crispr Theraptc will report full-year sales of $2.05 million for the current year, with estimates ranging from $7.30 million to $13.60 million. For the next fiscal year, analysts anticipate that the firm will post sales of $24.00 million per share. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Crispr Theraptc.
Crispr Theraptc (NASDAQ:CRSP) last issued its earnings results on Thursday, August 10th. The company reported ($0.56) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.62) by $0.06. Crispr Theraptc had a negative net margin of 406.61% and a negative return on equity of 47.46%. The business had revenue of $3.60 million during the quarter, compared to analysts’ expectations of $3.29 million. The company’s revenue was up 350.0% on a year-over-year basis.
CRSP has been the subject of several research analyst reports. Cann initiated coverage on shares of Crispr Theraptc in a report on Monday, July 17th. They issued a “market perform” rating for the company. Barclays PLC restated a “buy” rating and issued a $29.00 target price on shares of Crispr Theraptc in a report on Friday, September 8th. SunTrust Banks, Inc. initiated coverage on shares of Crispr Theraptc in a report on Thursday, July 13th. They issued a “hold” rating and a $16.00 target price for the company. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Crispr Theraptc in a report on Tuesday, July 18th. Finally, Chardan Capital restated a “buy” rating on shares of Crispr Theraptc in a report on Monday, August 14th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $23.08.
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In related news, Director Kurt Von Emster sold 35,473 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $18.63, for a total transaction of $660,861.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Samarth Kulkarni sold 27,154 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $20.08, for a total transaction of $545,252.32. Following the sale, the insider now owns 110,893 shares of the company’s stock, valued at approximately $2,226,731.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 393,533 shares of company stock valued at $7,718,093. 39.98% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the stock. Hershey Trust Co. acquired a new stake in Crispr Theraptc during the 3rd quarter worth $768,000. Credit Suisse AG acquired a new stake in Crispr Theraptc during the 1st quarter worth $1,742,000. Capital Investment Advisory Services LLC acquired a new stake in Crispr Theraptc during the 3rd quarter worth $193,000. Moloney Securities Asset Management LLC acquired a new stake in Crispr Theraptc during the 3rd quarter worth $235,000. Finally, ARK Investment Management LLC acquired a new stake in Crispr Theraptc during the 2nd quarter worth $206,000. Hedge funds and other institutional investors own 25.52% of the company’s stock.
Shares of Crispr Theraptc (CRSP) traded up $0.38 during trading on Friday, hitting $19.05. 258,555 shares of the stock traded hands, compared to its average volume of 198,224. Crispr Theraptc has a fifty-two week low of $11.63 and a fifty-two week high of $25.00.
About Crispr Theraptc
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.
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