TESARO, Inc. (TSRO) Receives Neutral Rating from Robert W. Baird
Robert W. Baird reaffirmed their neutral rating on shares of TESARO, Inc. (NASDAQ:TSRO) in a research note released on Monday morning. The brokerage currently has a $125.00 price objective on the biopharmaceutical company’s stock.
A number of other research firms have also commented on TSRO. Oppenheimer Holdings, Inc. set a $199.00 price objective on TESARO and gave the company a buy rating in a research note on Sunday, June 4th. Cann reissued a buy rating and issued a $199.00 target price on shares of TESARO in a research note on Monday, June 5th. FBR & Co cut their target price on shares of TESARO from $200.00 to $195.00 and set a mkt perform rating for the company in a research note on Monday, June 5th. Wedbush upgraded shares of TESARO to an outperform rating and set a $168.00 target price on the stock in a report on Monday, June 5th. Finally, Credit Suisse Group set a $198.00 target price on shares of TESARO and gave the company a buy rating in a report on Monday, June 5th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $170.74.
TESARO (NASDAQ TSRO) opened at 126.82 on Monday. The stock’s market cap is $6.87 billion. The stock’s 50 day moving average price is $121.16 and its 200 day moving average price is $135.93. TESARO has a 52 week low of $96.52 and a 52 week high of $192.94.
TESARO (NASDAQ:TSRO) last released its quarterly earnings results on Tuesday, August 8th. The biopharmaceutical company reported ($2.82) earnings per share for the quarter, missing the consensus estimate of ($2.52) by ($0.30). TESARO had a negative return on equity of 104.00% and a negative net margin of 1,301.19%. The company had revenue of $29.50 million for the quarter, compared to analysts’ expectations of $18.61 million. During the same period in the previous year, the business posted ($1.28) EPS. The business’s quarterly revenue was down 17.6% on a year-over-year basis. On average, analysts forecast that TESARO will post ($8.60) earnings per share for the current year.
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In other TESARO news, SVP Martin H. Jr. Huber sold 592 shares of TESARO stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $118.60, for a total transaction of $70,211.20. Following the transaction, the senior vice president now directly owns 6,943 shares of the company’s stock, valued at $823,439.80. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director James O. Armitage sold 10,000 shares of TESARO stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $117.13, for a total transaction of $1,171,300.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at $1,171,300. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,692 shares of company stock valued at $4,628,976. Corporate insiders own 34.60% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in shares of TESARO by 5.7% in the second quarter. BlackRock Inc. now owns 3,605,247 shares of the biopharmaceutical company’s stock worth $504,230,000 after acquiring an additional 195,590 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of TESARO by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 2,978,236 shares of the biopharmaceutical company’s stock valued at $416,537,000 after acquiring an additional 62,104 shares during the period. State Street Corp raised its stake in shares of TESARO by 17.9% in the 2nd quarter. State Street Corp now owns 1,168,913 shares of the biopharmaceutical company’s stock valued at $163,496,000 after acquiring an additional 177,057 shares during the period. BB Biotech AG raised its stake in shares of TESARO by 6.5% in the 2nd quarter. BB Biotech AG now owns 877,990 shares of the biopharmaceutical company’s stock valued at $122,796,000 after acquiring an additional 53,408 shares during the period. Finally, Janus Henderson Group PLC acquired a new position in shares of TESARO during the 2nd quarter valued at $100,301,000.
TESARO Company Profile
TESARO, Inc is an oncology-focused biopharmaceutical company. The Company operates through the business of developing and commercializing of oncology-focused therapeutics segment. It is developing oncology-related product candidates, including rolapitant, niraparib and the product candidates under its immuno-oncology platform.
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