Global Blood Therapeutics Inc (GBT) to Post FY2022 Earnings of $4.30 Per Share, Oppenheimer Forecasts

Global Blood Therapeutics Inc (NASDAQ:GBT) – Stock analysts at Oppenheimer issued their FY2022 earnings estimates for Global Blood Therapeutics in a research report issued to clients and investors on Thursday. Oppenheimer analyst M. Breidenbach anticipates that the company will post earnings per share of $4.30 for the year. Oppenheimer currently has a “Buy” rating and a $79.00 target price on the stock.

Global Blood Therapeutics (NASDAQ:GBT) last issued its quarterly earnings results on Thursday, November 2nd. The company reported ($0.66) EPS for the quarter, missing analysts’ consensus estimates of ($0.62) by ($0.04). During the same quarter in the previous year, the firm earned ($0.58) earnings per share.

A number of other research analysts also recently commented on GBT. HC Wainwright set a $73.00 price target on Global Blood Therapeutics and gave the company a “buy” rating in a report on Thursday. BidaskClub upgraded Global Blood Therapeutics from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Needham & Company LLC set a $51.00 price objective on Global Blood Therapeutics and gave the company a “buy” rating in a research note on Tuesday, October 24th. Zacks Investment Research cut Global Blood Therapeutics from a “buy” rating to a “hold” rating in a research note on Monday, October 16th. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Global Blood Therapeutics in a research note on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $62.07.

Shares of Global Blood Therapeutics (NASDAQ:GBT) traded up $0.15 on Friday, reaching $56.60. The company had a trading volume of 968,595 shares, compared to its average volume of 1,600,000. The stock has a market capitalization of $2,600.00 and a P/E ratio of -22.20. Global Blood Therapeutics has a 1 year low of $14.70 and a 1 year high of $57.75.

Institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA raised its position in shares of Global Blood Therapeutics by 694.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,547 shares of the company’s stock worth $124,000 after purchasing an additional 3,975 shares during the period. Jane Street Group LLC acquired a new stake in shares of Global Blood Therapeutics during the 3rd quarter worth approximately $200,000. Trexquant Investment LP acquired a new stake in shares of Global Blood Therapeutics during the 3rd quarter worth approximately $202,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Global Blood Therapeutics during the 3rd quarter worth approximately $205,000. Finally, Virtu KCG Holdings LLC acquired a new stake in shares of Global Blood Therapeutics during the 2nd quarter worth approximately $219,000. Institutional investors and hedge funds own 85.72% of the company’s stock.

In other news, Director Charles J. Homcy sold 70,000 shares of the stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $33.97, for a total transaction of $2,377,900.00. Following the sale, the director now directly owns 83,328 shares in the company, valued at approximately $2,830,652.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jung Choi sold 3,000 shares of the stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $32.65, for a total value of $97,950.00. Following the sale, the insider now owns 138,455 shares in the company, valued at $4,520,555.75. The disclosure for this sale can be found here. Insiders have sold 103,500 shares of company stock worth $3,773,000 in the last 90 days. 5.30% of the stock is currently owned by insiders.

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Global Blood Therapeutics Company Profile

Global Blood Therapeutics, Inc is a clinical-stage biopharmaceutical company. The Company is engaged in discovering, developing and commercializing therapeutics to treat blood-based disorders. The Company is developing its initial product candidate, GBT440, as an oral, once-daily therapy for sickle cell disease (SCD).

Earnings History and Estimates for Global Blood Therapeutics (NASDAQ:GBT)

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