Spark Therapeutics (ONCE) PT Lowered to $60.00
Spark Therapeutics (NASDAQ:ONCE) had its price target decreased by investment analysts at Chardan Capital from $100.00 to $60.00 in a note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the biotechnology company’s stock. Chardan Capital’s price objective points to a potential upside of 30.69% from the company’s previous close.
A number of other equities research analysts have also recently weighed in on ONCE. UBS cut Spark Therapeutics from a “buy” rating to a “neutral” rating and dropped their price target for the company from $92.00 to $51.00 in a research note on Tuesday. BMO Capital Markets set a $73.00 price target on Spark Therapeutics and gave the company a “buy” rating in a research note on Tuesday. SunTrust Banks set a $101.00 price target on Spark Therapeutics and gave the company a “buy” rating in a research note on Monday, October 16th. Leerink Swann cut Spark Therapeutics from an “outperform” rating to a “market perform” rating and set a $49.00 price target on the stock. in a research note on Tuesday. Finally, Evercore ISI began coverage on Spark Therapeutics in a research note on Wednesday, August 16th. They issued an “in-line” rating and a $83.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $76.19.
Spark Therapeutics (NASDAQ ONCE) traded up $1.15 during midday trading on Tuesday, hitting $45.91. The stock had a trading volume of 1,895,700 shares, compared to its average volume of 481,123. Spark Therapeutics has a 12 month low of $41.06 and a 12 month high of $91.75.
In other Spark Therapeutics news, insider Daniel Faga sold 1,500 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $85.00, for a total transaction of $127,500.00. Following the transaction, the insider now owns 1,500 shares in the company, valued at approximately $127,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey D. Marrazzo sold 20,000 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $71.54, for a total value of $1,430,800.00. Following the transaction, the chief executive officer now owns 250,000 shares in the company, valued at approximately $17,885,000. The disclosure for this sale can be found here. Insiders have sold a total of 1,068,809 shares of company stock worth $89,809,385 in the last quarter. Company insiders own 7.30% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Ameritas Investment Partners Inc. increased its position in Spark Therapeutics by 23.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,040 shares of the biotechnology company’s stock worth $122,000 after buying an additional 389 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of Spark Therapeutics during the 2nd quarter worth $143,000. BNP Paribas Arbitrage SA grew its holdings in shares of Spark Therapeutics by 530.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,911 shares of the biotechnology company’s stock worth $174,000 after purchasing an additional 2,449 shares in the last quarter. Pacad Investment Ltd. grew its holdings in shares of Spark Therapeutics by 75.0% during the 2nd quarter. Pacad Investment Ltd. now owns 3,500 shares of the biotechnology company’s stock worth $209,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Spark Therapeutics during the 3rd quarter worth $225,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.
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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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