ValuEngine Lowers Sarepta Therapeutics, Inc. (SRPT) to Sell
ValuEngine cut shares of Sarepta Therapeutics, Inc. (NASDAQ:SRPT) from a hold rating to a sell rating in a research note published on Monday.
Other equities analysts also recently issued research reports about the stock. Barclays PLC started coverage on shares of Sarepta Therapeutics in a research report on Wednesday, September 6th. They set an equal weight rating and a $46.00 price objective for the company. William Blair restated an outperform rating on shares of Sarepta Therapeutics in a research report on Thursday, July 27th. Morgan Stanley upgraded shares of Sarepta Therapeutics from an equal weight rating to an overweight rating and set a $60.00 price objective for the company in a research report on Monday. BidaskClub downgraded shares of Sarepta Therapeutics from a buy rating to a hold rating in a research report on Friday, August 4th. Finally, Robert W. Baird restated an outperform rating and set a $101.00 price objective on shares of Sarepta Therapeutics in a research report on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $62.79.
Shares of Sarepta Therapeutics (SRPT) traded up 0.04% during mid-day trading on Monday, reaching $49.80. 153,690 shares of the company’s stock traded hands. The firm’s market capitalization is $3.20 billion. Sarepta Therapeutics has a 12-month low of $26.26 and a 12-month high of $63.03. The stock has a 50-day moving average price of $42.84 and a 200 day moving average price of $36.08.
Sarepta Therapeutics (NASDAQ:SRPT) last posted its quarterly earnings results on Wednesday, July 19th. The biotechnology company reported ($0.46) EPS for the quarter, topping the consensus estimate of ($0.92) by $0.46. The firm had revenue of $35.01 million for the quarter, compared to analyst estimates of $22.52 million. The company’s revenue was up 350000.0% on a year-over-year basis. During the same quarter last year, the firm earned ($1.19) EPS. Analysts anticipate that Sarepta Therapeutics will post ($1.22) EPS for the current fiscal year.
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In other Sarepta Therapeutics news, CEO Douglas S. Ingram purchased 47,058 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The shares were purchased at an average price of $42.50 per share, for a total transaction of $1,999,965.00. Following the completion of the acquisition, the chief executive officer now owns 382,058 shares of the company’s stock, valued at approximately $16,237,465. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Alexander Cumbo sold 5,918 shares of the firm’s stock in a transaction that occurred on Thursday, July 20th. The shares were 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 approximately $934,513. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,056 shares of company stock worth $3,224,208. Insiders own 9.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of SRPT. BlackRock Inc. raised its holdings in Sarepta Therapeutics by 4,403.1% in the first quarter. BlackRock Inc. now owns 5,292,729 shares of the biotechnology company’s stock valued at $156,664,000 after buying an additional 5,175,193 shares during the period. Camber Capital Management LLC purchased a new position in Sarepta Therapeutics in the first quarter valued at approximately $39,960,000. State Street Corp raised its holdings in Sarepta Therapeutics by 21.2% in 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 period. Voya Investment Management LLC raised its holdings in Sarepta Therapeutics by 2,786.1% in the second quarter. Voya Investment Management LLC now owns 568,525 shares of the biotechnology company’s stock valued at $19,165,000 after buying an additional 548,826 shares during the period. Finally, HealthCor Management L.P. raised its holdings in Sarepta Therapeutics by 31.1% in 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 period. Hedge funds and other institutional investors own 65.41% of the company’s stock.
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).
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