FY2017 EPS Estimates for Spark Therapeutics, Inc. Boosted by Cantor Fitzgerald (ONCE)
Spark Therapeutics, Inc. (NASDAQ:ONCE) – Research analysts at Cantor Fitzgerald raised their FY2017 earnings per share estimates for Spark Therapeutics in a note issued to investors on Wednesday. Cantor Fitzgerald analyst E. Piros now forecasts that the biotechnology company will post earnings per share of ($7.27) for the year, up from their prior estimate of ($7.84). Cantor Fitzgerald currently has a “Buy” rating on the stock. Cantor Fitzgerald also issued estimates for Spark Therapeutics’ FY2018 earnings at ($5.54) EPS.
Spark Therapeutics (NASDAQ:ONCE) last released its quarterly earnings data on Wednesday, August 2nd. The biotechnology company reported ($1.89) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.75) by $0.14. Spark Therapeutics had a negative net margin of 962.72% and a negative return on equity of 59.74%. The firm had revenue of $1.48 million during the quarter, compared to analysts’ expectations of $1.33 million. During the same period in the previous year, the firm posted ($1.04) EPS. The firm’s quarterly revenue was up 14.7% on a year-over-year basis.
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A number of other equities research analysts have also recently weighed in on ONCE. BMO Capital Markets restated an “outperform” rating and set a $89.00 price objective (up from $69.00) on shares of Spark Therapeutics in a research note on Thursday, August 3rd. Chardan Capital upgraded shares of Spark Therapeutics from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $60.00 to $100.00 in a research note on Tuesday, August 8th. BidaskClub upgraded shares of Spark Therapeutics from a “hold” rating to a “buy” rating in a research note on Saturday. Cowen and Company restated an “outperform” rating and set a $95.00 price objective (up from $75.00) on shares of Spark Therapeutics in a research note on Thursday, August 3rd. Finally, Zacks Investment Research cut shares of Spark Therapeutics from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $82.32.
Spark Therapeutics (NASDAQ:ONCE) opened at 81.26 on Monday. The firm has a 50-day moving average of $71.59 and a 200-day moving average of $61.05. The stock’s market cap is $2.54 billion. Spark Therapeutics has a 12-month low of $35.07 and a 12-month high of $83.41.
A number of institutional investors have recently added to or reduced their stakes in ONCE. Ameritas Investment Partners Inc. boosted its position in Spark Therapeutics by 23.6% in the second quarter. Ameritas Investment Partners Inc. now owns 2,040 shares of the biotechnology company’s stock valued at $122,000 after buying an additional 389 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Spark Therapeutics during the second quarter valued at $143,000. BNP Paribas Arbitrage SA boosted its position in Spark Therapeutics by 530.1% in the second quarter. BNP Paribas Arbitrage SA now owns 2,911 shares of the biotechnology company’s stock valued at $174,000 after buying an additional 2,449 shares during the period. Pacad Investment Ltd. boosted its position in Spark Therapeutics by 75.0% in the second quarter. Pacad Investment Ltd. now owns 3,500 shares of the biotechnology company’s stock valued at $209,000 after buying an additional 1,500 shares during the period. Finally, Highbridge Capital Management LLC acquired a new position in Spark Therapeutics during the first quarter valued at $227,000. 91.01% of the stock is currently owned by institutional investors.
In other Spark Therapeutics news, Director Anand Mehra sold 6,302 shares of the business’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $65.00, for a total transaction of $409,630.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Barge Joseph La sold 5,000 shares of the business’s stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the sale, the general counsel now owns 9,567 shares in the company, valued at approximately $526,185. The disclosure for this sale can be found here. Over the last quarter, insiders sold 360,660 shares of company stock worth $25,495,351. 7.30% of the stock is owned by company insiders.
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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