Juno Therapeutics, Inc. (JUNO) Receives Consensus Rating of “Hold” from Brokerages
Juno Therapeutics, Inc. (NASDAQ:JUNO) has been given a consensus recommendation of “Hold” by the nineteen research firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $49.86.
A number of equities research analysts have weighed in on JUNO shares. BTIG Research raised Juno Therapeutics from a “sell” rating to a “neutral” rating in a report on Monday, August 28th. Zacks Investment Research downgraded Juno Therapeutics from a “hold” rating to a “sell” rating in a report on Monday, August 28th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $54.00 target price (up previously from $35.00) on shares of Juno Therapeutics in a report on Tuesday, September 5th. Barclays PLC started coverage on Juno Therapeutics in a report on Wednesday, September 6th. They issued an “overweight” rating and a $55.00 target price on the stock. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued a $59.00 target price on shares of Juno Therapeutics in a report on Tuesday, October 31st.
In other Juno Therapeutics news, EVP Robert Azelby sold 12,869 shares of Juno Therapeutics stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $39.95, for a total transaction of $514,116.55. Following the completion of the transaction, the executive vice president now owns 50,289 shares in the company, valued at approximately $2,009,045.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard Klausner sold 12,000 shares of Juno Therapeutics stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $42.66, for a total value of $511,920.00. Following the transaction, the director now owns 783,536 shares of the company’s stock, valued at approximately $33,425,645.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 79,670 shares of company stock valued at $3,553,777. 15.26% of the stock is currently owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in JUNO. Vanguard Group Inc. raised its holdings in shares of Juno Therapeutics by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 6,285,676 shares of the biopharmaceutical company’s stock worth $187,879,000 after purchasing an additional 131,864 shares during the period. Capital International Investors bought a new stake in shares of Juno Therapeutics in the 3rd quarter worth approximately $256,339,000. BlackRock Inc. raised its holdings in shares of Juno Therapeutics by 2.6% in the 2nd quarter. BlackRock Inc. now owns 4,294,296 shares of the biopharmaceutical company’s stock worth $128,357,000 after purchasing an additional 110,503 shares during the period. State Street Corp raised its holdings in shares of Juno Therapeutics by 7.4% in the 2nd quarter. State Street Corp now owns 3,236,384 shares of the biopharmaceutical company’s stock worth $96,742,000 after purchasing an additional 222,754 shares during the period. Finally, Capital World Investors raised its holdings in shares of Juno Therapeutics by 13.8% in the 2nd quarter. Capital World Investors now owns 2,425,000 shares of the biopharmaceutical company’s stock worth $72,483,000 after purchasing an additional 295,000 shares during the period. Institutional investors and hedge funds own 66.71% of the company’s stock.
Shares of Juno Therapeutics (NASDAQ:JUNO) opened at $58.64 on Friday. Juno Therapeutics has a 12-month low of $17.52 and a 12-month high of $61.59. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.77 and a quick ratio of 4.77.
Juno Therapeutics (NASDAQ:JUNO) last issued its quarterly earnings results on Wednesday, November 1st. The biopharmaceutical company reported ($0.73) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.80) by $0.07. The business had revenue of $44.80 million for the quarter, compared to the consensus estimate of $18.12 million. Juno Therapeutics had a negative return on equity of 32.54% and a negative net margin of 332.05%. The firm’s quarterly revenue was up 115.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.57) earnings per share. analysts anticipate that Juno Therapeutics will post -4.02 earnings per share for the current year.
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Juno Therapeutics Company Profile
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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