Sarepta Therapeutics, Inc. (SRPT) Rating Reiterated by Oppenheimer Holdings, Inc.
Sarepta Therapeutics, Inc. (NASDAQ:SRPT)‘s stock had its “buy” rating reiterated by Oppenheimer Holdings, Inc. in a research note issued to investors on Thursday. They presently have a $76.00 price objective on the biotechnology company’s stock. Oppenheimer Holdings, Inc.’s price objective indicates a potential upside of 76.70% from the company’s previous close.
SRPT has been the topic of a number of other research reports. Vetr downgraded shares of Sarepta Therapeutics from a “buy” rating to a “hold” rating and set a $36.86 price objective on the stock. in a research report on Monday, May 22nd. BidaskClub raised shares of Sarepta Therapeutics from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. Credit Suisse Group set a $64.00 target price on shares of Sarepta Therapeutics and gave the company a “buy” rating in a report on Tuesday, July 18th. Nomura reaffirmed a “buy” rating and set a $84.00 target price on shares of Sarepta Therapeutics in a report on Tuesday, May 23rd. Finally, Leerink Swann reaffirmed a “buy” rating and set a $60.00 target price (up from $52.00) on shares of Sarepta Therapeutics in a report on Tuesday, July 18th. Nine analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $62.31.
Shares of Sarepta Therapeutics (NASDAQ SRPT) opened at 43.01 on Thursday. Sarepta Therapeutics has a 52 week low of $25.47 and a 52 week high of $63.73. The stock’s 50 day moving average is $39.34 and its 200 day moving average is $34.16. The stock’s market cap is $2.77 billion.
Sarepta Therapeutics (NASDAQ:SRPT) last issued its quarterly earnings data on Wednesday, July 19th. The biotechnology company reported ($0.46) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.92) by $0.46. The company had revenue of $35.01 million for the quarter, compared to the consensus estimate of $22.52 million. The firm’s revenue for the quarter was up 350000.0% on a year-over-year basis. During the same quarter last year, the company earned ($1.19) EPS. On average, equities analysts forecast that Sarepta Therapeutics will post ($1.23) EPS for the current year.
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In related news, CEO Douglas S. Ingram bought 47,058 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was bought at an average cost of $42.50 per share, with a total value of $1,999,965.00. Following the completion of the purchase, the chief executive officer now owns 382,058 shares of the company’s stock, valued at approximately $16,237,465. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Shamim Ruff sold 12,138 shares of the firm’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $42.97, for a total transaction of $521,569.86. Following the transaction, the senior vice president now directly owns 27,312 shares of the company’s stock, valued at $1,173,596.64. The disclosure for this sale can be found here. Insiders have sold 78,056 shares of company stock valued at $3,224,208 over the last ninety days. 9.60% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of SRPT. Russell Investments Group Ltd. grew its stake in Sarepta Therapeutics by 63.9% during the first quarter. Russell Investments Group Ltd. now owns 38,273 shares of the biotechnology company’s stock valued at $1,133,000 after acquiring an additional 14,919 shares in the last quarter. Wells Fargo & Company MN grew its stake in Sarepta Therapeutics by 24.4% during the first quarter. Wells Fargo & Company MN now owns 84,710 shares of the biotechnology company’s stock valued at $2,508,000 after acquiring an additional 16,620 shares in the last quarter. Princeton Alpha Management LP purchased a new position in Sarepta Therapeutics during the first quarter valued at $270,000. Bank of New York Mellon Corp grew its stake in Sarepta Therapeutics by 0.8% during the first quarter. Bank of New York Mellon Corp now owns 247,924 shares of the biotechnology company’s stock valued at $7,339,000 after acquiring an additional 1,923 shares in the last quarter. Finally, Pictet Asset Management Ltd. grew its stake in Sarepta Therapeutics by 24.7% during the first quarter. Pictet Asset Management Ltd. now owns 67,600 shares of the biotechnology company’s stock valued at $2,001,000 after acquiring an additional 13,400 shares in the last quarter. 65.43% of the stock is owned by institutional investors.
Sarepta Therapeutics Company Profile
Sarepta Therapeutics, Inc is a biopharmaceutical company. The Company focuses on the discovery and development of ribose nucleic acid (RNA)-targeted therapeutics for the treatment of rare neuromuscular diseases. It operates through discovering, developing, manufacturing and delivering therapies to patients with Duchenne muscular dystrophy (DMD).
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