Robert W. Baird reiterated their outperform rating on shares of Sarepta Therapeutics, Inc. (NASDAQ:SRPT) in a report issued on Monday morning. The brokerage currently has a $101.00 target price on the biotechnology company’s stock.

Several other analysts have also commented on the company. SunTrust Banks, Inc. reaffirmed a buy rating on shares of Sarepta Therapeutics in a report on Thursday, July 20th. Credit Suisse Group set a $64.00 target price on Sarepta Therapeutics and gave the company a buy rating in a report on Tuesday, July 18th. Leerink Swann reissued a buy rating and issued a $60.00 target price (up from $52.00) on shares of Sarepta Therapeutics in a research report on Tuesday, July 18th. BidaskClub raised Sarepta Therapeutics from a hold rating to a buy rating in a research report on Friday, June 23rd. Finally, Royal Bank Of Canada restated a buy rating and set a $60.00 price target on shares of Sarepta Therapeutics in a research note on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $62.79.

Sarepta Therapeutics (NASDAQ SRPT) opened at 49.55 on Monday. The company’s market cap is $3.19 billion. Sarepta Therapeutics has a 1-year low of $26.26 and a 1-year high of $63.03. The stock’s 50 day moving average price is $42.14 and its 200 day moving average price is $35.85.

Sarepta Therapeutics (NASDAQ:SRPT) last released its quarterly earnings results on Wednesday, July 19th. The biotechnology company reported ($0.46) earnings per share for the quarter, beating the consensus estimate of ($0.92) by $0.46. The firm had revenue of $35.01 million for the quarter, compared to the consensus estimate of $22.52 million. Sarepta Therapeutics’s quarterly revenue was up 350000.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.19) earnings per share. On average, equities analysts anticipate that Sarepta Therapeutics will post ($1.22) earnings per share for the current fiscal year.

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In other news, SVP Alexander Cumbo sold 5,918 shares of the firm’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $41.00, for a total transaction of $242,638.00. Following the completion of the transaction, the senior vice president now owns 22,793 shares in the company, valued at $934,513. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Sandesh Mahatme sold 50,000 shares of the firm’s stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $41.00, for a total value of $2,050,000.00. Following the transaction, the chief financial officer now owns 41,736 shares of the company’s stock, valued at approximately $1,711,176. The disclosure for this sale can be found here. In the last quarter, insiders sold 78,056 shares of company stock worth $3,224,208. Corporate insiders own 9.60% of the company’s stock.

Hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Sarepta Therapeutics by 4,403.1% in the first quarter. BlackRock Inc. now owns 5,292,729 shares of the biotechnology company’s stock worth $156,664,000 after buying an additional 5,175,193 shares in the last quarter. Vanguard Group Inc. boosted its stake in Sarepta Therapeutics by 4.0% during the second quarter. Vanguard Group Inc. now owns 4,259,029 shares of the biotechnology company’s stock valued at $143,572,000 after buying an additional 162,543 shares during the last quarter. State Street Corp boosted its stake in Sarepta Therapeutics by 21.2% during the first quarter. State Street Corp now owns 3,197,127 shares of the biotechnology company’s stock valued at $94,641,000 after buying an additional 559,342 shares during the last quarter. HealthCor Management L.P. boosted its stake in Sarepta Therapeutics by 31.1% during the second quarter. HealthCor Management L.P. now owns 2,031,890 shares of the biotechnology company’s stock valued at $68,495,000 after buying an additional 481,890 shares during the last quarter. Finally, Camber Capital Management LLC bought a new position in Sarepta Therapeutics during the first quarter valued at approximately $39,960,000. 65.41% of the stock is currently owned by hedge funds and other institutional investors.

About Sarepta Therapeutics

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).

Analyst Recommendations for Sarepta Therapeutics (NASDAQ:SRPT)

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