Cowen and Company Reaffirms “Buy” Rating for Juno Therapeutics, Inc. (JUNO)
JUNO has been the topic of several other research reports. Morgan Stanley restated an equal weight rating and set a $43.00 target price (up previously from $27.00) on shares of Juno Therapeutics in a research note on Friday, October 6th. Vetr upgraded shares of Juno Therapeutics from a strong sell rating to a sell rating and set a $25.50 target price on the stock in a research note on Monday, August 14th. Zacks Investment Research cut shares of Juno Therapeutics from a hold rating to a sell rating in a research note on Monday, August 28th. Raymond James Financial, Inc. upgraded shares of Juno Therapeutics from a market perform rating to an outperform rating and set a $45.00 target price on the stock in a research note on Tuesday, August 29th. Finally, Wedbush restated an outperform rating and set a $64.00 target price (up previously from $42.00) on shares of Juno Therapeutics in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $44.20.
Juno Therapeutics (NASDAQ:JUNO) traded down $1.71 on Friday, reaching $56.77. 1,316,180 shares of the company’s stock traded hands, compared to its average volume of 2,170,000. The company has a current ratio of 4.77, a quick ratio of 4.77 and a debt-to-equity ratio of 0.01. Juno Therapeutics has a 1-year low of $17.52 and a 1-year high of $61.59.
Juno Therapeutics (NASDAQ:JUNO) last posted its earnings results on Wednesday, November 1st. The biopharmaceutical company reported ($0.73) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.80) by $0.07. The business had revenue of $44.80 million for the quarter, compared to analysts’ expectations of $18.12 million. Juno Therapeutics had a negative net margin of 332.05% and a negative return on equity of 32.54%. The business’s revenue for the quarter was up 115.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.57) EPS. analysts expect that Juno Therapeutics will post -3.62 EPS for the current year.
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In related news, EVP Robert Azelby sold 6,666 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $54.95, for a total value of $366,296.70. Following the completion of the sale, the executive vice president now directly owns 79,998 shares of the company’s stock, valued at approximately $4,395,890.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard Klausner sold 12,000 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $42.66, for a total transaction of $511,920.00. Following the completion of the sale, the director now directly owns 783,536 shares of the company’s stock, valued at $33,425,645.76. The disclosure for this sale can be found here. Insiders sold a total of 79,670 shares of company stock valued at $3,553,777 over the last three months. 15.26% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in JUNO. BlackRock Inc. increased its holdings in Juno Therapeutics by 31,399.7% in the 1st quarter. BlackRock Inc. now owns 4,183,793 shares of the biopharmaceutical company’s stock worth $92,838,000 after acquiring an additional 4,170,511 shares in the last quarter. Redmile Group LLC purchased a new stake in Juno Therapeutics in the 2nd quarter worth approximately $66,344,000. Jennison Associates LLC increased its holdings in Juno Therapeutics by 162.0% in the 3rd quarter. Jennison Associates LLC now owns 1,988,708 shares of the biopharmaceutical company’s stock worth $89,213,000 after acquiring an additional 1,229,622 shares in the last quarter. Wasatch Advisors Inc. purchased a new stake in Juno Therapeutics in the 2nd quarter worth approximately $19,787,000. Finally, Marshall Wace North America L.P. purchased a new stake in Juno Therapeutics in the 2nd quarter worth approximately $9,693,000. 67.12% of the stock is owned by institutional investors.
About Juno Therapeutics
Juno Therapeutics, Inc (Juno) is a biopharmaceutical company, which is focused on developing cellular immunotherapies for the treatment of cancer. The Company is developing cell-based cancer immunotherapies based on its chimeric antigen receptor (CAR) and T cell receptor (TCR) technologies to genetically engineer T cells to recognize and kill cancer cells.
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