Crispr Therapeutics (CRSP) Trading 12.1% Higher

Crispr Therapeutics AG (NASDAQ:CRSP) was up 12.1% during trading on Monday . The stock traded as high as $28.50 and last traded at $26.81. Approximately 3,994,900 shares changed hands during trading, an increase of 129% from the average daily volume of 1,747,875 shares. The stock had previously closed at $23.91.

Several research analysts have recently issued reports on CRSP shares. Cann reiterated a “hold” rating on shares of Crispr Therapeutics in a research note on Thursday, November 9th. SunTrust Banks reiterated a “hold” rating and issued a $16.00 target price on shares of Crispr Therapeutics in a research note on Friday, November 10th. BidaskClub downgraded shares of Crispr Therapeutics from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Oppenheimer started coverage on shares of Crispr Therapeutics in a research note on Thursday, December 7th. They issued a “hold” rating on the stock. Finally, Piper Jaffray Companies started coverage on shares of Crispr Therapeutics in a research note on Friday, December 22nd. They issued an “overweight” rating on the stock. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Crispr Therapeutics has a consensus rating of “Buy” and an average target price of $22.38.

The company has a market cap of $1,010.00 and a P/E ratio of -83.78.

Crispr Therapeutics (NASDAQ:CRSP) last issued its earnings results on Wednesday, November 8th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.60) by ($0.02). The firm had revenue of $2.39 million during the quarter, compared to the consensus estimate of $3.61 million. Crispr Therapeutics had a negative return on equity of 38.42% and a negative net margin of 466.58%. The company’s quarterly revenue was up 54.2% on a year-over-year basis. During the same quarter in the prior year, the company posted ($2.77) EPS. research analysts predict that Crispr Therapeutics AG will post -2.46 earnings per share for the current year.

In related news, major shareholder Corp /De/ Celgene sold 22,759 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $19.10, for a total transaction of $434,696.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas Woiwode sold 1,700 shares of the stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $20.21, for a total transaction of $34,357.00. Following the transaction, the director now owns 8,218 shares in the company, valued at approximately $166,085.78. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,076,167 shares of company stock worth $40,049,167. 39.98% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the stock. Allianz Asset Management GmbH purchased a new stake in Crispr Therapeutics during the third quarter valued at approximately $2,384,000. Granahan Investment Management Inc. MA increased its holdings in Crispr Therapeutics by 51.7% during the third quarter. Granahan Investment Management Inc. MA now owns 263,746 shares of the company’s stock valued at $4,713,000 after buying an additional 89,839 shares during the last quarter. Adams Street Partners LLC purchased a new stake in Crispr Therapeutics during the third quarter valued at approximately $1,019,000. Hershey Trust Co. purchased a new stake in Crispr Therapeutics during the third quarter valued at approximately $768,000. Finally, JPMorgan Chase & Co. purchased a new stake in Crispr Therapeutics during the third quarter valued at approximately $536,000. Institutional investors own 24.52% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece was originally posted by Community Financial News and is the property of of Community Financial News. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this piece can be read at https://www.com-unik.info/2018/01/08/crispr-therapeutics-crsp-trading-12-1-higher.html.

About Crispr Therapeutics

Crispr Therapeutics AG is a Switzerland-based gene-editing company. The Company focuses on the development of transformative gene-based medicines for serious diseases using its Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR)/Cas9 gene-editing platform. CRISPR/Cas9 can be programmed to cut, edit and correct disease-associated deoxyribonucleic acid (DNA) in a patient’s cell.

Receive News & Ratings for Crispr Therapeutics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crispr Therapeutics and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit