Juno Therapeutics, Inc. (JUNO) Upgraded to Outperform by Raymond James Financial, Inc.
Raymond James Financial, Inc. upgraded shares of Juno Therapeutics, Inc. (NASDAQ:JUNO) from a market perform rating to an outperform rating in a research report sent to investors on Tuesday morning. Raymond James Financial, Inc. currently has $45.00 price objective on the biopharmaceutical company’s stock.
A number of other equities analysts have also recently commented on the stock. Vetr raised shares of Juno Therapeutics to a buy rating in a research report on Tuesday, May 23rd. Wedbush reaffirmed a neutral rating and set a $24.00 price objective on shares of Juno Therapeutics in a research report on Friday, May 5th. BidaskClub raised shares of Juno Therapeutics from a buy rating to a strong-buy rating in a research report on Tuesday, June 27th. Morgan Stanley reduced their price objective on shares of Juno Therapeutics from $27.00 to $26.00 and set an equal weight rating for the company in a research report on Monday, May 8th. Finally, FBR & Co reaffirmed a hold rating on shares of Juno Therapeutics in a research report on Thursday, May 18th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $31.86.
Juno Therapeutics (NASDAQ JUNO) opened at 43.81 on Tuesday. The stock’s market cap is $4.60 billion. Juno Therapeutics has a 52 week low of $17.52 and a 52 week high of $44.60. The stock has a 50 day moving average of $28.62 and a 200-day moving average of $25.14. Juno Therapeutics also was the recipient of unusually large options trading activity on Tuesday. Stock traders bought 6,838 put options on the company. This is an increase of 977% compared to the typical volume of 635 put options.
Juno Therapeutics (NASDAQ:JUNO) last released its quarterly earnings data on Thursday, August 3rd. The biopharmaceutical company reported ($0.96) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.72) by $0.24. Juno Therapeutics had a negative return on equity of 27.10% and a negative net margin of 354.36%. The company had revenue of $21.30 million for the quarter, compared to the consensus estimate of $15.59 million. During the same period last year, the firm earned ($0.64) earnings per share. The company’s revenue for the quarter was down 22.8% compared to the same quarter last year. Analysts forecast that Juno Therapeutics will post ($3.12) earnings per share for the current year.
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In other Juno Therapeutics news, Director Anthony B. Evnin bought 9,000 shares of Juno Therapeutics stock in a transaction dated Tuesday, June 20th. The stock was bought at an average price of $24.40 per share, with a total value of $219,600.00. Following the completion of the transaction, the director now owns 66,301 shares in the company, valued at approximately $1,617,744.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steve Harr sold 8,750 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $30.00, for a total transaction of $262,500.00. Following the completion of the sale, the chief financial officer now directly owns 736,189 shares of the company’s stock, valued at approximately $22,085,670. The disclosure for this sale can be found here. In the last three months, insiders sold 8,053,500 shares of company stock valued at $217,594,440. 15.26% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in JUNO. Baillie Gifford & Co. boosted its stake in shares of Juno Therapeutics by 1.2% in the first quarter. Baillie Gifford & Co. now owns 11,197,863 shares of the biopharmaceutical company’s stock worth $248,481,000 after buying an additional 135,908 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Juno Therapeutics by 2.1% in the second quarter. Vanguard Group Inc. now owns 6,285,676 shares of the biopharmaceutical company’s stock worth $187,879,000 after buying an additional 131,864 shares during the last quarter. BlackRock Inc. increased its position in Juno Therapeutics by 2.6% in the second quarter. BlackRock Inc. now owns 4,294,296 shares of the biopharmaceutical company’s stock worth $128,357,000 after buying an additional 110,503 shares during the period. State Street Corp increased its position in Juno Therapeutics by 7.4% in the second quarter. State Street Corp now owns 3,236,384 shares of the biopharmaceutical company’s stock worth $96,742,000 after buying an additional 222,754 shares during the period. Finally, Capital World Investors increased its position in Juno Therapeutics by 13.8% in the second quarter. Capital World Investors now owns 2,425,000 shares of the biopharmaceutical company’s stock worth $72,483,000 after buying an additional 295,000 shares during the period. 70.76% of the stock is owned by institutional investors.
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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