Juno Therapeutics (JUNO) Earns Buy Rating from Raymond James Financial
A number of other brokerages have also recently weighed in on JUNO. Wedbush upgraded shares of Juno Therapeutics from a neutral rating to an outperform rating and set a $42.00 price objective on the stock in a research note on Tuesday, August 29th. Wells Fargo & Company restated an outperform rating and set a $54.00 price objective (up from $35.00) on shares of Juno Therapeutics in a research note on Tuesday, September 5th. Standpoint Research restated a reduce rating on shares of Juno Therapeutics in a research note on Thursday, August 31st. Goldman Sachs Group restated a neutral rating and set a $44.00 price objective on shares of Juno Therapeutics in a research note on Friday, October 6th. Finally, Zacks Investment Research cut shares of Juno Therapeutics from a hold rating to a sell rating in a research note on Monday, August 28th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $45.48.
Shares of Juno Therapeutics (NASDAQ JUNO) traded up $1.66 during midday trading on Monday, hitting $47.41. 4,304,600 shares of the company were exchanged, compared to its average volume of 2,083,050. Juno Therapeutics has a fifty-two week low of $17.52 and a fifty-two week high of $63.45. 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 (NASDAQ:JUNO) last issued its quarterly earnings data on Wednesday, November 1st. The biopharmaceutical company reported ($0.73) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.80) by $0.07. Juno Therapeutics had a negative net margin of 332.05% and a negative return on equity of 32.54%. The business had revenue of $44.80 million for the quarter, compared to analysts’ expectations of $18.12 million. During the same period in the previous year, the business earned ($0.57) earnings per share. The company’s revenue was up 115.4% on a year-over-year basis. analysts predict that Juno Therapeutics will post -4.02 earnings per share for the current fiscal year.
In other Juno Therapeutics news, insider Sunil Agarwal sold 7,285 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $44.76, for a total value of $326,076.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Robert Azelby sold 6,666 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $54.95, for a total transaction of $366,296.70. Following the completion of the sale, the executive vice president now owns 79,998 shares in the company, valued at $4,395,890.10. The disclosure for this sale can be found here. 15.08% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the business. Advisor Group Inc. increased its stake in Juno Therapeutics by 141.1% in the 3rd quarter. Advisor Group Inc. now owns 2,459 shares of the biopharmaceutical company’s stock worth $109,000 after purchasing an additional 1,439 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Juno Therapeutics by 7.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,405 shares of the biopharmaceutical company’s stock worth $102,000 after purchasing an additional 228 shares in the last quarter. Pacad Investment Ltd. purchased a new position in Juno Therapeutics in the 2nd quarter worth about $105,000. Bronfman E.L. Rothschild L.P. increased its stake in Juno Therapeutics by 27,376.9% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 3,572 shares of the biopharmaceutical company’s stock worth $160,000 after purchasing an additional 3,559 shares in the last quarter. Finally, QS Investors LLC purchased a new position in Juno Therapeutics in the 2nd quarter worth about $135,000. Hedge funds and other institutional investors own 70.37% of the company’s stock.
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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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