Leerink Swann Downgrades Juno Therapeutics (JUNO) to Market Perform
Leerink Swann downgraded shares of Juno Therapeutics (NASDAQ:JUNO) from an outperform rating to a market perform rating in a research note issued to investors on Tuesday, Marketbeat.com reports. Leerink Swann currently has $87.00 price objective on the biopharmaceutical company’s stock, up from their prior price objective of $56.00.
JUNO has been the topic of several other reports. SunTrust Banks upgraded shares of Juno Therapeutics from a hold rating to a buy rating in a research report on Thursday, November 2nd. Morgan Stanley reiterated an equal weight rating and set a $43.00 target price (up from $27.00) on shares of Juno Therapeutics in a research report on Friday, October 6th. Cowen reiterated a buy rating and set a $49.00 target price on shares of Juno Therapeutics in a research report on Friday, October 27th. Raymond James Financial lifted their target price on shares of Juno Therapeutics from $45.00 to $61.00 and gave the stock an outperform rating in a research report on Friday, November 3rd. Finally, Wedbush reiterated an outperform rating and set a $64.00 target price (up from $42.00) on shares of Juno Therapeutics in a research report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $51.20.
Shares of Juno Therapeutics (NASDAQ JUNO) opened at $85.72 on Tuesday. The company has a current ratio of 4.77, a quick ratio of 4.77 and a debt-to-equity ratio of 0.01. Juno Therapeutics has a 1 year low of $19.33 and a 1 year high of $86.28. The company has a market cap of $9,790.00, a P/E ratio of -25.29 and a beta of 2.32.
In other Juno Therapeutics news, EVP Robert Azelby sold 102,539 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $86.25, for a total transaction of $8,843,988.75. Following the completion of the transaction, the executive vice president now owns 173,371 shares in the company, valued at approximately $14,953,248.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Steve Harr sold 8,750 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $44.76, for a total transaction of $391,650.00. Following the transaction, the chief financial officer now owns 772,082 shares of the company’s stock, valued at approximately $34,558,390.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 467,876 shares of company stock valued at $26,384,487. Company insiders own 15.08% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in JUNO. Capital International Investors bought a new stake in shares of Juno Therapeutics in the 3rd quarter valued at $256,339,000. Redmile Group LLC bought a new stake in shares of Juno Therapeutics in the 2nd quarter valued at $66,344,000. Jennison Associates LLC increased its stake in shares of Juno Therapeutics by 162.0% in the 3rd quarter. Jennison Associates LLC now owns 1,988,708 shares of the biopharmaceutical company’s stock valued at $89,213,000 after acquiring an additional 1,229,622 shares in the last quarter. Orbimed Advisors LLC increased its stake in shares of Juno Therapeutics by 123.1% in the 3rd quarter. Orbimed Advisors LLC now owns 2,041,608 shares of the biopharmaceutical company’s stock valued at $91,587,000 after acquiring an additional 1,126,400 shares in the last quarter. Finally, Capital Guardian Trust Co. bought a new stake in shares of Juno Therapeutics in the 3rd quarter valued at $37,400,000. Hedge funds and other institutional investors own 69.96% of the company’s stock.
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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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