SunTrust Banks Weighs in on Spark Therapeutics Inc’s FY2022 Earnings (ONCE)

Spark Therapeutics Inc (NASDAQ:ONCE) – Investment analysts at SunTrust Banks issued their FY2022 earnings per share (EPS) estimates for shares of Spark Therapeutics in a note issued to investors on Wednesday. SunTrust Banks analyst E. Nash expects that the biotechnology company will post earnings of $7.91 per share for the year. SunTrust Banks has a “Buy” rating and a $113.00 price target on the stock.

Spark Therapeutics (NASDAQ:ONCE) last released its earnings results on Tuesday, November 7th. The biotechnology company reported ($1.90) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.79) by ($0.11). Spark Therapeutics had a negative return on equity of 60.01% and a negative net margin of 1,090.11%. The company had revenue of $1.90 million for the quarter, compared to analyst estimates of $1.40 million. During the same period in the previous year, the firm earned ($1.07) earnings per share. The company’s revenue for the quarter was up 45.8% compared to the same quarter last year.

Several other research analysts have also recently commented on ONCE. Raymond James Financial set a $66.00 target price on Spark Therapeutics and gave the stock a “buy” rating in a research note on Wednesday. BMO Capital Markets set a $67.00 target price on Spark Therapeutics and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. Cantor Fitzgerald set a $105.00 target price on Spark Therapeutics and gave the stock a “buy” rating in a research note on Wednesday. Royal Bank of Canada decreased their price target on Spark Therapeutics from $100.00 to $98.00 and set an “outperform” rating for the company in a report on Wednesday, November 8th. Finally, Sanford C. Bernstein set a $71.00 price target on Spark Therapeutics and gave the stock a “buy” rating in a report on Wednesday, December 13th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $76.03.

Spark Therapeutics (NASDAQ:ONCE) opened at $50.56 on Friday. Spark Therapeutics has a one year low of $41.06 and a one year high of $91.75.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Spark Therapeutics by 11.6% in the 2nd quarter. BlackRock Inc. now owns 2,053,734 shares of the biotechnology company’s stock valued at $122,689,000 after purchasing an additional 213,520 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Spark Therapeutics by 5.3% in the 2nd quarter. Vanguard Group Inc. now owns 1,924,463 shares of the biotechnology company’s stock valued at $114,968,000 after purchasing an additional 96,803 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Spark Therapeutics by 15.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,848,988 shares of the biotechnology company’s stock valued at $164,986,000 after acquiring an additional 241,016 shares during the last quarter. Janus Henderson Group PLC raised its stake in Spark Therapeutics by 46.4% during the 3rd quarter. Janus Henderson Group PLC now owns 756,088 shares of the biotechnology company’s stock valued at $67,413,000 after acquiring an additional 239,723 shares during the last quarter. Finally, Orbimed Advisors LLC purchased a new stake in Spark Therapeutics during the 3rd quarter valued at approximately $38,340,000. 94.91% of the stock is owned by institutional investors and hedge funds.

In other news, insider Barge Joseph La sold 3,309 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $71.31, for a total value of $235,964.79. Following the completion of the sale, the insider now directly owns 8,146 shares of the company’s stock, valued at approximately $580,891.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Katherine A. High sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $71.32, for a total value of $356,600.00. Following the completion of the sale, the insider now directly owns 215,000 shares of the company’s stock, valued at $15,333,800. The disclosure for this sale can be found here. Insiders sold a total of 62,309 shares of company stock valued at $4,621,085 over the last three months. Company insiders own 7.30% of the company’s stock.

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About Spark Therapeutics

Spark Therapeutics, Inc is a gene therapy company. The Company focuses on treating orphan diseases. It has a pipeline of product candidates targeting multiple rare blinding conditions, hematologic disorders and neurodegenerative diseases. Its pipeline includes a product candidate targeting choroideremia (CHM), which is in a Phase I/II clinical trial and a product candidate for hemophilia A, which is in a Phase I/II clinical trial.

Earnings History and Estimates for Spark Therapeutics (NASDAQ:ONCE)

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