Editas Medicine (NASDAQ:EDIT) PT Set at $55.00 by Chardan Capital
Chardan Capital set a $55.00 price objective on Editas Medicine (NASDAQ:EDIT) in a research note published on Sunday morning, TipRanks reports. The firm currently has a buy rating on the stock.
Several other analysts have also recently commented on the company. BidaskClub cut Editas Medicine from a hold rating to a sell rating in a research report on Friday, June 7th. Zacks Investment Research cut Editas Medicine from a buy rating to a hold rating in a research report on Friday, May 10th. Oppenheimer reiterated a hold rating on shares of Editas Medicine in a research report on Wednesday, May 8th. Evercore ISI assumed coverage on Editas Medicine in a research report on Thursday, April 11th. They set an outperform rating for the company. Finally, ValuEngine upgraded Editas Medicine from a sell rating to a hold rating in a research report on Friday, March 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. Editas Medicine presently has a consensus rating of Hold and a consensus target price of $37.80.
Shares of EDIT opened at $22.70 on Friday. The company has a current ratio of 8.46, a quick ratio of 8.46 and a debt-to-equity ratio of 0.07. Editas Medicine has a one year low of $17.80 and a one year high of $41.43.
Several institutional investors and hedge funds have recently modified their holdings of EDIT. Creative Planning boosted its stake in Editas Medicine by 7.6% during the first quarter. Creative Planning now owns 26,504 shares of the company’s stock worth $648,000 after buying an additional 1,879 shares during the last quarter. Capital Impact Advisors LLC boosted its stake in Editas Medicine by 10.9% during the fourth quarter. Capital Impact Advisors LLC now owns 63,637 shares of the company’s stock worth $1,319,000 after buying an additional 6,231 shares during the last quarter. 361 Capital LLC acquired a new position in Editas Medicine during the fourth quarter worth $2,097,000. Squarepoint Ops LLC boosted its stake in Editas Medicine by 49.8% during the fourth quarter. Squarepoint Ops LLC now owns 84,319 shares of the company’s stock worth $1,918,000 after buying an additional 28,019 shares during the last quarter. Finally, FDx Advisors Inc. acquired a new position in Editas Medicine during the fourth quarter worth $241,000. Hedge funds and other institutional investors own 75.43% of the company’s stock.
Editas Medicine Company Profile
Editas Medicine, Inc operates as a clinical stage genome editing company. The company focuses on developing transformative genomic medicines to treat a range of serious diseases. It develops a proprietary genome editing platform based on CRISPR technology to target genetically addressable diseases and therapeutic areas.
Recommended Story: What is a Reverse Stock Split?
Receive News & Ratings for Editas Medicine Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Editas Medicine and related companies with MarketBeat.com's FREE daily email newsletter.