Sarepta Therapeutics Sees Unusually High Options Volume (SRPT)
Sarepta Therapeutics Inc (NASDAQ:SRPT) saw unusually large options trading on Friday. Investors bought 22,555 put options on the stock. This represents an increase of 2,651% compared to the average daily volume of 820 put options.
In other Sarepta Therapeutics news, SVP Shamim Ruff sold 10,000 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $55.00, for a total transaction of $550,000.00. Following the completion of the sale, the senior vice president now directly owns 37,045 shares in the company, valued at $2,037,475. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas S. Ingram purchased 38,138 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were purchased at an average price of $52.44 per share, with a total value of $1,999,956.72. Following the completion of the purchase, the chief executive officer now directly owns 420,196 shares of the company’s stock, valued at $22,035,078.24. The disclosure for this purchase can be found here. Corporate insiders own 9.60% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Ameritas Investment Partners Inc. boosted its holdings in Sarepta Therapeutics by 6.3% in the second quarter. Ameritas Investment Partners Inc. now owns 4,561 shares of the biotechnology company’s stock valued at $154,000 after purchasing an additional 271 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in Sarepta Therapeutics by 116.4% in the second quarter. Cubist Systematic Strategies LLC now owns 4,600 shares of the biotechnology company’s stock valued at $155,000 after purchasing an additional 2,474 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its holdings in Sarepta Therapeutics by 140.9% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,262 shares of the biotechnology company’s stock valued at $193,000 after purchasing an additional 2,493 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in Sarepta Therapeutics in the third quarter valued at about $204,000. Finally, Bayesian Capital Management LP purchased a new position in Sarepta Therapeutics in the second quarter valued at about $206,000. 82.02% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently issued reports on SRPT shares. William Blair reiterated an “outperform” rating on shares of Sarepta Therapeutics in a research note on Monday, October 2nd. Zacks Investment Research lowered Sarepta Therapeutics from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. Robert W. Baird reiterated an “outperform” rating and issued a $101.00 target price on shares of Sarepta Therapeutics in a research note on Monday, October 2nd. UBS Group reiterated an “outperform” rating and issued a $56.51 target price (down previously from $76.00) on shares of Sarepta Therapeutics in a research note on Wednesday, December 27th. Finally, BidaskClub lowered Sarepta Therapeutics from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eighteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $63.88.
Sarepta Therapeutics (SRPT) opened at $60.15 on Wednesday. The company has a market capitalization of $3,890.00, a PE ratio of -29.49 and a beta of 1.37. Sarepta Therapeutics has a 1-year low of $26.26 and a 1-year high of $62.85. The company has a quick ratio of 9.52, a current ratio of 10.44 and a debt-to-equity ratio of 0.04.
Sarepta Therapeutics (NASDAQ:SRPT) last issued its quarterly earnings results on Wednesday, October 25th. The biotechnology company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.86) by $0.66. The firm had revenue of $45.95 million during the quarter, compared to the consensus estimate of $41.29 million. Sarepta Therapeutics had a negative return on equity of 51.72% and a negative net margin of 112.08%. During the same quarter in the prior year, the business posted ($0.95) earnings per share. equities analysts forecast that Sarepta Therapeutics will post -3.07 EPS for the current fiscal year.
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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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