Sarepta Therapeutics’ (SRPT) “Buy” Rating Reaffirmed at HC Wainwright
HC Wainwright reissued their buy rating on shares of Sarepta Therapeutics (NASDAQ:SRPT) in a research note published on Tuesday morning. HC Wainwright currently has a $75.00 price objective on the biotechnology company’s stock.
A number of other research analysts also recently commented on SRPT. Leerink Swann reiterated an outperform rating and set a $66.00 target price on shares of Sarepta Therapeutics in a research report on Saturday, September 30th. Instinet reiterated a buy rating and set a $84.00 target price on shares of Sarepta Therapeutics in a research report on Monday, October 2nd. JPMorgan Chase & Co. reiterated a hold rating on shares of Sarepta Therapeutics in a research report on Monday, September 25th. BidaskClub downgraded Sarepta Therapeutics from a buy rating to a hold rating in a research report on Saturday, January 6th. Finally, Janney Montgomery Scott assumed coverage on Sarepta Therapeutics in a research report on Wednesday, January 3rd. They set a buy rating and a $75.00 target price for the company. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $63.88.
Shares of Sarepta Therapeutics (NASDAQ:SRPT) traded down $0.15 on Tuesday, reaching $58.99. 1,633,700 shares of the company’s stock were exchanged, compared to its average volume of 2,409,650. The company has a debt-to-equity ratio of 0.04, a quick ratio of 9.52 and a current ratio of 10.44. Sarepta Therapeutics has a twelve month low of $26.26 and a twelve month high of $60.22. The stock has a market cap of $3,980.00, a price-to-earnings ratio of -28.92 and a beta of 1.37.
Sarepta Therapeutics (NASDAQ:SRPT) last posted its 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 period in the prior year, the company earned ($0.95) EPS. equities research analysts expect that Sarepta Therapeutics will post -3.07 EPS for the current year.
In other Sarepta Therapeutics news, Director Hans Lennart Rudolf Wigzell sold 6,667 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $55.89, for a total value of $372,618.63. Following the sale, the director now owns 13,333 shares in the company, valued at $745,181.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas S. Ingram bought 38,138 shares of Sarepta Therapeutics stock in a transaction on Wednesday, November 8th. The stock was acquired at an average price of $52.44 per share, for a total transaction of $1,999,956.72. Following the purchase, the chief executive officer now owns 420,196 shares of the company’s stock, valued at $22,035,078.24. The disclosure for this purchase can be found here. 9.60% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. Neuberger Berman Group LLC purchased a new stake in Sarepta Therapeutics in the third quarter worth $1,134,000. California Public Employees Retirement System increased its stake in Sarepta Therapeutics by 1.2% in the third quarter. California Public Employees Retirement System now owns 142,900 shares of the biotechnology company’s stock worth $6,482,000 after purchasing an additional 1,700 shares during the period. Janney Montgomery Scott LLC purchased a new stake in Sarepta Therapeutics in the third quarter worth $474,000. Ladenburg Thalmann Financial Services Inc. increased its stake 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 worth $193,000 after purchasing an additional 2,493 shares during the period. Finally, Highbridge Capital Management LLC purchased a new stake in Sarepta Therapeutics in the third quarter worth $922,000. Institutional investors and hedge funds own 82.02% of the company’s stock.
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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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