Juno Therapeutics Inc (JUNO) Earns Neutral Rating from BTIG Research
Juno Therapeutics Inc (NASDAQ:JUNO)‘s stock had its “neutral” rating reaffirmed by research analysts at BTIG Research in a research note issued to investors on Wednesday.
Several other equities analysts also recently issued reports on JUNO. Maxim Group reduced their price objective on Juno Therapeutics from $80.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, August 5th. FBR & Co set a $61.00 price objective on Juno Therapeutics and gave the stock a “buy” rating in a research report on Friday, August 5th. Vetr downgraded Juno Therapeutics from a “strong-buy” rating to a “buy” rating and set a $38.02 target price for the company. in a research report on Tuesday, August 16th. Standpoint Research assumed coverage on Juno Therapeutics in a research report on Thursday, August 25th. They issued a “buy” rating and a $47.00 target price for the company. Finally, Zacks Investment Research upgraded Juno Therapeutics from a “sell” rating to a “hold” rating in a research report on Tuesday, September 6th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $43.13.
Juno Therapeutics (NASDAQ:JUNO) traded down 27.1416% during mid-day trading on Wednesday, hitting $21.7701. The stock had a trading volume of 15,182,456 shares. Juno Therapeutics has a 12-month low of $19.41 and a 12-month high of $57.82. The firm’s market cap is $2.23 billion. The stock has a 50-day moving average price of $27.93 and a 200 day moving average price of $33.09.
Juno Therapeutics (NASDAQ:JUNO) last issued its earnings results on Wednesday, November 9th. The biopharmaceutical company reported ($0.57) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.52) by $0.05. The business earned $20.80 million during the quarter, compared to the consensus estimate of $10.98 million. During the same period in the prior year, the firm posted ($0.26) EPS. The firm’s revenue for the quarter was up 1200.0% compared to the same quarter last year. Equities analysts anticipate that Juno Therapeutics will post ($2.54) EPS for the current fiscal year.
In other Juno Therapeutics news, EVP Robert Azelby sold 12,921 shares of the stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $24.14, for a total value of $311,912.94. Following the sale, the executive vice president now directly owns 48,640 shares in the company, valued at $1,174,169.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Hans Edgar Bishop sold 84,035 shares of the stock in a transaction on Wednesday, September 21st. The stock was sold at an average price of $30.28, for a total transaction of $2,544,579.80. Following the completion of the sale, the chief executive officer now owns 2,518,537 shares in the company, valued at $76,261,300.36. The disclosure for this sale can be found here.
A number of large investors have recently bought and sold shares of the company. Rockefeller Financial Services Inc. raised its stake in Juno Therapeutics by 1,433.2% in the third quarter. Rockefeller Financial Services Inc. now owns 3,465 shares of the biopharmaceutical company’s stock valued at $104,000 after buying an additional 3,239 shares during the period. Advisor Group Inc. raised its stake in Juno Therapeutics by 51.4% in the third quarter. Advisor Group Inc. now owns 3,815 shares of the biopharmaceutical company’s stock valued at $115,000 after buying an additional 1,296 shares during the period. Societe Generale purchased a new stake in Juno Therapeutics during the second quarter valued at $153,000. SG Americas Securities LLC purchased a new stake in Juno Therapeutics during the second quarter valued at $153,000. Finally, Panagora Asset Management Inc. raised its stake in Juno Therapeutics by 55.0% in the third quarter. Panagora Asset Management Inc. now owns 4,200 shares of the biopharmaceutical company’s stock valued at $126,000 after buying an additional 1,490 shares during the period.
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About Juno Therapeutics
Juno Therapeutics, Inc (Juno) is a biopharmaceutical company focused on re-engaging the body’s immune system to revolutionize the treatment of cancer. The Company is developing cell-based cancer immunotherapies based on its chimeric antigen receptor (CAR) and T cell receptor (TCR) technologies to genetically engineer T cells to recognize and kill cancer cells.
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