Jefferies Group Analysts Give Bluebird Bio Inc. (BLUE) a $80.00 Price Target
Bluebird Bio Inc. (NASDAQ:BLUE) has been given a $80.00 target price by investment analysts at Jefferies Group in a report released on Thursday. The firm currently has a “buy” rating on the stock. Jefferies Group’s price target indicates a potential upside of 25.10% from the company’s previous close.
Several other research analysts have also issued reports on the stock. Roth Capital started coverage on shares of Bluebird Bio in a report on Thursday, September 22nd. They set a “buy” rating and a $87.00 price target for the company. Goldman Sachs Group Inc. raised shares of Bluebird Bio from a “buy” rating to a “conviction-buy” rating and set a $135.00 price objective for the company in a research report on Thursday, September 15th. Cantor Fitzgerald downgraded shares of Bluebird Bio from a “hold” rating to a “sell” rating and reduced their price objective for the stock from $65.24 to $37.00 in a research report on Friday, October 14th. Leerink Swann raised their price objective on shares of Bluebird Bio from $67.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, October 14th. Finally, Maxim Group reaffirmed a “buy” rating and set a $85.00 price objective (down previously from $105.00) on shares of Bluebird Bio in a research report on Thursday, August 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $82.82.
Shares of Bluebird Bio (NASDAQ:BLUE) traded up 2.32% during mid-day trading on Thursday, hitting $63.95. 505,529 shares of the stock were exchanged. Bluebird Bio has a 12-month low of $35.37 and a 12-month high of $95.28. The stock’s 50 day moving average price is $56.23 and its 200-day moving average price is $52.68. The stock’s market capitalization is $2.39 billion.
Bluebird Bio (NASDAQ:BLUE) last released its quarterly earnings results on Wednesday, November 2nd. The company reported ($2.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.59) by $0.48. Bluebird Bio had a negative return on equity of 30.79% and a negative net margin of 3,941.72%. The firm had revenue of $1.55 million for the quarter, compared to the consensus estimate of $1.82 million. During the same quarter in the previous year, the business posted ($1.18) EPS. The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year. On average, equities research analysts expect that Bluebird Bio will post ($7.05) EPS for the current fiscal year.
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In other news, insider Eric Sullivan sold 416 shares of Bluebird Bio stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $67.00, for a total transaction of $27,872.00. Following the sale, the insider now directly owns 5,891 shares in the company, valued at approximately $394,697. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.50% of the company’s stock.
Several large investors have recently added to or reduced their stakes in BLUE. Seven Eight Capital LLC acquired a new stake in Bluebird Bio during the first quarter worth approximately $108,000. Quantbot Technologies LP boosted its stake in Bluebird Bio by 431.3% in the second quarter. Quantbot Technologies LP now owns 2,848 shares of the company’s stock worth $123,000 after buying an additional 2,312 shares during the last quarter. First Mercantile Trust Co. acquired a new stake in Bluebird Bio during the third quarter worth approximately $129,000. Sei Investments Co. boosted its stake in Bluebird Bio by 106.7% in the third quarter. Sei Investments Co. now owns 2,515 shares of the company’s stock worth $170,000 after buying an additional 1,298 shares during the last quarter. Finally, Winslow Evans & Crocker Inc. boosted its stake in Bluebird Bio by 170.0% in the third quarter. Winslow Evans & Crocker Inc. now owns 2,700 shares of the company’s stock worth $183,000 after buying an additional 1,700 shares during the last quarter.
About Bluebird Bio
bluebird bio, Inc is a biotechnology company. The Company is focused on developing transformative gene therapies for severe genetic and rare diseases and in the field of T cell-based immunotherapy. Its gene therapy clinical programs include LentiGlobin product candidate to treat transfusion-dependent B-thalassemia (TDT) and severe sickle cell disease (SCD), and Lenti-D product candidate to treat cerebral adrenoleukodystrophy (CALD), a rare hereditary neurological disorder.
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