Juno Therapeutics, Inc. (JUNO) Upgraded by ValuEngine to Hold
ValuEngine upgraded shares of Juno Therapeutics, Inc. (NASDAQ:JUNO) from a sell rating to a hold rating in a research note released on Tuesday.
A number of other equities analysts also recently commented on JUNO. Raymond James Financial, Inc. upgraded Juno Therapeutics from a market perform rating to an outperform rating and set a $45.00 price target for the company in a research note on Tuesday. Wedbush upgraded Juno Therapeutics from a neutral rating to an outperform rating and set a $42.00 price target for the company in a research note on Tuesday. Zacks Investment Research downgraded Juno Therapeutics from a hold rating to a sell rating in a research note on Monday. BTIG Research upgraded Juno Therapeutics from a sell rating to a neutral rating in a research note on Monday. Finally, Vetr upgraded Juno Therapeutics from a strong sell rating to a sell rating and set a $25.50 price target for the company in a research note on Monday, August 14th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $31.86.
Shares of Juno Therapeutics (NASDAQ JUNO) opened at 43.81 on Tuesday. Juno Therapeutics has a 1-year low of $17.52 and a 1-year high of $44.60. The stock’s market capitalization is $4.60 billion. The firm has a 50-day moving average price of $28.62 and a 200-day moving average price of $25.14.
Juno Therapeutics (NASDAQ:JUNO) last announced its earnings results on Thursday, August 3rd. The biopharmaceutical company reported ($0.96) earnings per share for the quarter, missing the consensus estimate of ($0.72) by $0.24. The business had revenue of $21.30 million for the quarter, compared to analyst estimates of $15.59 million. Juno Therapeutics had a negative net margin of 354.36% and a negative return on equity of 27.10%. The firm’s revenue was down 22.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.64) earnings per share. On average, equities research analysts forecast that Juno Therapeutics will post ($3.13) earnings per share for the current year.
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In other Juno Therapeutics news, Director Anthony B. Evnin purchased 9,000 shares of the business’s stock in a transaction dated Tuesday, June 20th. The shares were bought at an average price of $24.40 per share, with a total value of $219,600.00. Following the completion of the acquisition, the director now owns 66,301 shares in the company, valued at approximately $1,617,744.40. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard Klausner sold 12,000 shares of Juno Therapeutics stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $30.34, for a total value of $364,080.00. Following the sale, the director now directly owns 788,985 shares in the company, valued at approximately $23,937,804.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,053,500 shares of company stock valued at $217,594,440. 15.26% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in the stock. M&T Bank Corp acquired a new stake in Juno Therapeutics during the first quarter worth $381,000. Nisa Investment Advisors LLC acquired a new stake in Juno Therapeutics during the first quarter worth $200,000. Laurion Capital Management LP acquired a new stake in Juno Therapeutics during the first quarter worth $390,000. Marshall Wace LLP acquired a new stake in Juno Therapeutics during the second quarter worth $1,071,000. Finally, Geode Capital Management LLC boosted its stake in Juno Therapeutics by 8.9% in the first quarter. Geode Capital Management LLC now owns 595,136 shares of the biopharmaceutical company’s stock worth $13,206,000 after buying an additional 48,516 shares during the period. 70.76% of the stock is currently 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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