Spark Therapeutics’ (ONCE) Buy Rating Reaffirmed at Raymond James Financial
A number of other research analysts have also weighed in on the company. Cantor Fitzgerald set a $105.00 price objective on Spark Therapeutics and gave the company a buy rating in a research report on Tuesday. Goldman Sachs Group lowered Spark Therapeutics from a buy rating to a neutral rating and cut their price objective for the company from $106.00 to $58.00 in a research report on Thursday, December 14th. They noted that the move was a valuation call. Barclays restated a buy rating and set a $54.00 price objective on shares of Spark Therapeutics in a research report on Wednesday, December 13th. Sanford C. Bernstein set a $71.00 price target on Spark Therapeutics and gave the stock a buy rating in a research report on Wednesday, December 13th. Finally, Wedbush upgraded Spark Therapeutics from an underperform rating to a neutral rating and dropped their price target for the stock from $65.00 to $50.00 in a research report on Tuesday, December 12th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $76.19.
Shares of Spark Therapeutics (NASDAQ ONCE) traded down $0.11 during trading on Tuesday, hitting $48.94. The stock had a trading volume of 2,933,300 shares, compared to its average volume of 502,297. Spark Therapeutics has a 52-week low of $41.06 and a 52-week high of $91.75.
In other Spark Therapeutics news, Director Hospital Of Philade Children’s sold 1,000,000 shares of the firm’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $84.63, for a total value of $84,630,000.00. Following the completion of the sale, the director now owns 3,928,707 shares of the company’s stock, valued at $332,486,473.41. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Barge Joseph La sold 3,309 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $71.31, for a total transaction of $235,964.79. Following the completion of the sale, the insider now directly owns 8,146 shares of the company’s stock, valued at approximately $580,891.26. The disclosure for this sale can be found here. In the last three months, insiders sold 1,067,309 shares of company stock valued at $89,681,885. 7.30% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in shares of Spark Therapeutics by 15.0% during the third quarter. JPMorgan Chase & Co. now owns 1,848,988 shares of the biotechnology company’s stock valued at $164,986,000 after acquiring an additional 241,016 shares in the last quarter. BlackRock Inc. raised its stake in shares of Spark Therapeutics by 11.6% during the second quarter. BlackRock Inc. now owns 2,053,734 shares of the biotechnology company’s stock valued at $122,689,000 after acquiring an additional 213,520 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Spark Therapeutics during the third quarter valued at approximately $5,286,000. TIAA CREF Investment Management LLC raised its stake in shares of Spark Therapeutics by 20.3% during the second quarter. TIAA CREF Investment Management LLC now owns 62,480 shares of the biotechnology company’s stock valued at $3,733,000 after acquiring an additional 10,544 shares in the last quarter. Finally, Balyasny Asset Management LLC raised its stake in shares of Spark Therapeutics by 104.8% during the second quarter. Balyasny Asset Management LLC now owns 59,400 shares of the biotechnology company’s stock valued at $3,549,000 after acquiring an additional 30,400 shares in the last quarter. 94.91% of the stock is owned by hedge funds and other institutional investors.
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About Spark Therapeutics
Spark Therapeutics, Inc is a gene therapy company. The Company focuses on treating orphan diseases. It has a pipeline of product candidates targeting multiple rare blinding conditions, hematologic disorders and neurodegenerative diseases. Its pipeline includes a product candidate targeting choroideremia (CHM), which is in a Phase I/II clinical trial and a product candidate for hemophilia A, which is in a Phase I/II clinical trial.
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