Several other research analysts also recently weighed in on the stock. Credit Suisse Group increased their price target on shares of Sarepta Therapeutics from $5.65 to $81.00 and gave the stock an outperform rating in a research report on Thursday, September 7th. Nomura reissued a buy rating and issued a $84.00 price objective on shares of Sarepta Therapeutics in a research note on Tuesday, September 5th. Zacks Investment Research raised shares of Sarepta Therapeutics from a hold rating to a buy rating and set a $54.00 price objective for the company in a research note on Monday, October 30th. Needham & Company LLC reaffirmed a buy rating and set a $75.00 target price on shares of Sarepta Therapeutics in a research note on Wednesday, September 6th. Finally, Oppenheimer reaffirmed a buy rating and set a $76.00 target price on shares of Sarepta Therapeutics in a research note on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and nineteen have assigned a buy rating to the company. The stock has an average rating of Buy and an average price target of $63.88.
Sarepta Therapeutics (NASDAQ:SRPT) opened at $54.87 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 10.44 and a quick ratio of 9.52. Sarepta Therapeutics has a 52-week low of $26.26 and a 52-week high of $59.95. The firm has a market cap of $3,736.38, a P/E ratio of -26.77 and a beta of 1.37.
In other news, SVP Shamim Ruff sold 10,000 shares of Sarepta Therapeutics stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $55.00, for a total value of $550,000.00. Following the transaction, the senior vice president now owns 37,045 shares of the company’s stock, valued at approximately $2,037,475. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Douglas S. Ingram bought 38,138 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were bought at an average cost of $52.44 per share, for a total transaction of $1,999,956.72. Following the transaction, the chief executive officer now owns 420,196 shares in the company, valued at approximately $22,035,078.24. The disclosure for this purchase can be found here. 9.60% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the business. Ladenburg Thalmann Financial Services Inc. grew its position in Sarepta Therapeutics by 140.9% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,262 shares of the biotechnology company’s stock worth $193,000 after purchasing an additional 2,493 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in Sarepta Therapeutics during the 3rd quarter worth approximately $204,000. Ameritas Investment Partners Inc. lifted its stake in Sarepta Therapeutics by 6.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,561 shares of the biotechnology company’s stock valued at $154,000 after acquiring an additional 271 shares during the period. Cubist Systematic Strategies LLC lifted its stake in Sarepta Therapeutics by 116.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 4,600 shares of the biotechnology company’s stock valued at $155,000 after acquiring an additional 2,474 shares during the period. Finally, Strs Ohio acquired a new stake in Sarepta Therapeutics during the 3rd quarter valued at approximately $208,000. 82.02% of the stock is currently owned by institutional investors.
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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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