Sarepta Therapeutics, Inc. (NASDAQ:SRPT) Earns Outperform Rating from William Blair
William Blair reissued their outperform rating on shares of Sarepta Therapeutics, Inc. (NASDAQ:SRPT) in a research report released on Thursday. William Blair also issued estimates for Sarepta Therapeutics’ Q3 2017 earnings at ($0.92) EPS, Q4 2017 earnings at ($1.02) EPS, FY2017 earnings at ($3.74) EPS, FY2018 earnings at ($2.76) EPS and FY2019 earnings at $0.43 EPS.
A number of other equities research analysts have also commented on SRPT. SunTrust Banks, Inc. raised Sarepta Therapeutics from a hold rating to a buy rating and increased their price target for the company from $30.00 to $30.97 in a research report on Wednesday, April 5th. Jefferies Group LLC reissued a hold rating and issued a $27.00 price target on shares of Sarepta Therapeutics in a research report on Thursday, April 6th. Robert W. Baird reissued an outperform rating and issued a $102.00 price target on shares of Sarepta Therapeutics in a research report on Sunday, April 23rd. Vetr lowered Sarepta Therapeutics from a strong-buy rating to a buy rating and set a $37.67 price target for the company. in a research report on Monday, April 24th. Finally, Royal Bank Of Canada lowered their price target on Sarepta Therapeutics from $91.00 to $60.00 and set an outperform rating for the company in a research report on Friday, April 28th. Eight equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $61.28.
Sarepta Therapeutics (NASDAQ SRPT) traded up 1.15% during mid-day trading on Thursday, hitting $41.28. 138,208 shares of the stock were exchanged. The stock has a 50 day moving average price of $35.57 and a 200 day moving average price of $32.60. Sarepta Therapeutics has a 1-year low of $23.51 and a 1-year high of $63.73. The company’s market capitalization is $2.27 billion.
Sarepta Therapeutics (NASDAQ:SRPT) last issued its earnings results on Wednesday, July 19th. The biotechnology company reported ($0.46) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.92) by $0.46. The firm had revenue of $35.01 million during the quarter, compared to the consensus estimate of $22.52 million. During the same quarter in the prior year, the business earned ($1.19) earnings per share. Sarepta Therapeutics’s revenue for the quarter was up 350000.0% on a year-over-year basis. On average, equities analysts anticipate that Sarepta Therapeutics will post ($1.17) earnings per share for the current fiscal year.
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In other Sarepta Therapeutics news, CFO Sandesh Mahatme sold 50,000 shares of the firm’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $41.00, for a total value of $2,050,000.00. Following the completion of the transaction, the chief financial officer now owns 41,736 shares in the company, valued at approximately $1,711,176. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Edward M. Md Kaye sold 10,000 shares of the firm’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $41.00, for a total value of $410,000.00. Following the completion of the transaction, the director now owns 62,471 shares of the company’s stock, valued at approximately $2,561,311. The disclosure for this sale can be found here. In the last 90 days, insiders sold 78,056 shares of company stock valued at $3,224,208. 9.60% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of SRPT. Emerald Mutual Fund Advisers Trust increased its position in shares of Sarepta Therapeutics by 50.2% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 604,467 shares of the biotechnology company’s stock valued at $17,892,000 after buying an additional 201,942 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Sarepta Therapeutics by 63.9% in the first quarter. Russell Investments Group Ltd. now owns 38,273 shares of the biotechnology company’s stock valued at $1,133,000 after buying an additional 14,919 shares in the last quarter. Sigma Planning Corp increased its position in shares of Sarepta Therapeutics by 7.8% in the first quarter. Sigma Planning Corp now owns 12,895 shares of the biotechnology company’s stock valued at $382,000 after buying an additional 930 shares in the last quarter. Columbus Circle Investors increased its position in shares of Sarepta Therapeutics by 175.0% in the first quarter. Columbus Circle Investors now owns 34,027 shares of the biotechnology company’s stock valued at $1,007,000 after buying an additional 21,652 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new position in shares of Sarepta Therapeutics during the first quarter valued at approximately $388,000. Institutional investors and hedge funds own 64.28% of the company’s stock.
Sarepta Therapeutics Company Profile
Sarepta Therapeutics, Inc is a biopharmaceutical company. The Company focuses on the discovery and development of ribose nucleic acid (RNA)-targeted therapeutics for the treatment of rare neuromuscular diseases. It operates through discovering, developing, manufacturing and delivering therapies to patients with Duchenne muscular dystrophy (DMD).
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