Juno Therapeutics’ (JUNO) Neutral Rating Reaffirmed at Goldman Sachs Group, Inc. (The)
Juno Therapeutics, Inc. (NASDAQ:JUNO)‘s stock had its “neutral” rating reaffirmed by equities researchers at Goldman Sachs Group, Inc. (The) in a research note issued to investors on Friday.
JUNO has been the topic of a number of other reports. Leerink Swann restated an “outperform” rating on shares of Juno Therapeutics in a research note on Monday, June 12th. Vetr upgraded Juno Therapeutics from a “strong sell” rating to a “sell” rating and set a $25.50 price target on the stock in a research note on Monday, August 14th. Zacks Investment Research downgraded Juno Therapeutics from a “hold” rating to a “sell” rating in a research note on Monday, August 28th. Morgan Stanley raised their price target on Juno Therapeutics from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Monday, August 7th. Finally, Raymond James Financial, Inc. upgraded Juno Therapeutics from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research note on Tuesday, August 29th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. Juno Therapeutics currently has an average rating of “Hold” and a consensus price target of $35.95.
Shares of Juno Therapeutics (JUNO) traded down 2.187% during mid-day trading on Friday, hitting $43.742. The company’s stock had a trading volume of 614,931 shares. The stock’s 50 day moving average price is $40.17 and its 200 day moving average price is $29.25. Juno Therapeutics has a 52-week low of $17.52 and a 52-week high of $47.03. The company’s market cap is $4.59 billion.
Juno Therapeutics (NASDAQ:JUNO) last released its quarterly earnings results on Thursday, August 3rd. The biopharmaceutical company reported ($0.96) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.72) by ($0.24). The firm had revenue of $21.30 million during the quarter, compared to analysts’ expectations of $15.59 million. Juno Therapeutics had a negative return on equity of 27.10% and a negative net margin of 354.36%. The business’s quarterly revenue was down 22.8% on a year-over-year basis. During the same quarter last year, the business earned ($0.64) earnings per share. Equities analysts forecast that Juno Therapeutics will post ($3.12) EPS for the current year.
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In other Juno Therapeutics news, EVP Robert Azelby sold 12,850 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $44.95, for a total transaction of $577,607.50. Following the sale, the executive vice president now directly owns 37,439 shares of the company’s stock, valued at $1,682,883.05. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Sunil Agarwal sold 7,285 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $44.76, for a total value of $326,076.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,085,004 shares of company stock worth $219,551,561. Insiders own 15.26% of the company’s stock.
A number of large investors have recently bought and sold shares of JUNO. The Manufacturers Life Insurance Company raised its holdings in Juno Therapeutics by 7.2% during the second quarter. The Manufacturers Life Insurance Company now owns 3,405 shares of the biopharmaceutical company’s stock valued at $102,000 after acquiring an additional 228 shares during the period. Pacad Investment Ltd. bought a new stake in Juno Therapeutics during the second quarter valued at about $105,000. QS Investors LLC bought a new stake in Juno Therapeutics during the second quarter valued at about $135,000. Great West Life Assurance Co. Can raised its holdings in Juno Therapeutics by 80.5% during the first quarter. Great West Life Assurance Co. Can now owns 8,518 shares of the biopharmaceutical company’s stock valued at $189,000 after acquiring an additional 3,800 shares during the period. Finally, Macquarie Group Ltd. bought a new stake in Juno Therapeutics during the second quarter valued at about $248,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.
Juno Therapeutics Company Profile
Juno Therapeutics, Inc (Juno) is a biopharmaceutical company, which is focused on developing cellular immunotherapies for the treatment of cancer. The Company is developing cell-based cancer immunotherapies based on its chimeric antigen receptor (CAR) and T cell receptor (TCR) technologies to genetically engineer T cells to recognize and kill cancer cells.
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