Sarepta Therapeutics Inc (SRPT) Given Average Rating of “Buy” by Brokerages

Sarepta Therapeutics Inc (NASDAQ:SRPT) has been given a consensus recommendation of “Buy” by the twenty-four analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and sixteen have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $65.27.

SRPT has been the subject of several recent analyst reports. Oppenheimer restated a “buy” rating and issued a $76.00 target price on shares of Sarepta Therapeutics in a research note on Monday, October 16th. Barclays initiated coverage on shares of Sarepta Therapeutics in a research note on Wednesday, September 6th. They issued an “equal weight” rating and a $46.00 target price for the company. Morgan Stanley upgraded shares of Sarepta Therapeutics from an “equal weight” rating to an “overweight” rating and set a $60.00 target price for the company in a research note on Monday, October 2nd. Robert W. Baird reiterated an “outperform” rating and issued a $101.00 price objective on shares of Sarepta Therapeutics in a research note on Wednesday, September 6th. Finally, Credit Suisse Group raised their price objective on shares of Sarepta Therapeutics from $5.65 to $81.00 and gave the company an “outperform” rating in a research note on Thursday, September 7th.

Sarepta Therapeutics (SRPT) traded down $0.44 during mid-day trading on Thursday, hitting $53.65. 1,153,164 shares of the stock traded hands, compared to its average volume of 1,750,000. Sarepta Therapeutics has a one year low of $26.26 and a one year high of $57.57. The company has a quick ratio of 9.52, a current ratio of 10.44 and a debt-to-equity ratio of 0.04.

Sarepta Therapeutics (NASDAQ:SRPT) last released its earnings results on Wednesday, October 25th. The biotechnology company reported ($0.20) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.86) by $0.66. Sarepta Therapeutics had a negative net margin of 112.08% and a negative return on equity of 51.72%. The company had revenue of $45.95 million during the quarter, compared to analysts’ expectations of $41.29 million. During the same quarter last year, the business earned ($0.95) EPS. research analysts expect that Sarepta Therapeutics will post -3.11 EPS for the current year.

In other Sarepta Therapeutics news, CEO Douglas S. Ingram bought 38,138 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was purchased at an average cost of $52.44 per share, for a total transaction of $1,999,956.72. Following the acquisition, the chief executive officer now owns 420,196 shares of the company’s stock, valued at approximately $22,035,078.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hans Lennart Rudolf Wigzell sold 6,667 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $55.89, for a total transaction of $372,618.63. Following the transaction, the director now owns 13,333 shares of the company’s stock, valued at $745,181.37. The disclosure for this sale can be found here. Insiders have sold a total of 28,167 shares of company stock valued at $1,497,619 over the last 90 days. 9.60% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the business. Alliancebernstein L.P. increased its holdings in Sarepta Therapeutics by 63.3% during the 2nd quarter. Alliancebernstein L.P. now owns 118,310 shares of the biotechnology company’s stock valued at $3,988,000 after acquiring an additional 45,860 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Sarepta Therapeutics during the second quarter worth about $630,000. Eagle Asset Management Inc. grew its holdings in shares of Sarepta Therapeutics by 33.4% during the second quarter. Eagle Asset Management Inc. now owns 798,412 shares of the biotechnology company’s stock worth $26,914,000 after buying an additional 200,103 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Sarepta Therapeutics by 96.4% during the second quarter. Russell Investments Group Ltd. now owns 75,170 shares of the biotechnology company’s stock worth $2,534,000 after buying an additional 36,897 shares in the last quarter. Finally, 361 Capital LLC purchased a new stake in shares of Sarepta Therapeutics during the third quarter worth about $1,914,000. Hedge funds and other institutional investors own 82.02% of the company’s stock.

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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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