Crispr Therapeutics (CRSP) Stock Price Up 6.1%

Crispr Therapeutics AG (NASDAQ:CRSP) shares rose 6.1% on Thursday . The stock traded as high as $30.70 and last traded at $30.08. Approximately 576,104 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 1,092,983 shares. The stock had previously closed at $28.34.

CRSP has been the topic of several research analyst reports. Cann restated a “hold” rating on shares of Crispr Therapeutics in a research report on Sunday, December 10th. BidaskClub cut shares of Crispr Therapeutics from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Piper Jaffray Companies initiated coverage on shares of Crispr Therapeutics in a research report on Friday, December 22nd. They issued an “overweight” rating on the stock. Oppenheimer initiated coverage on shares of Crispr Therapeutics in a research report on Thursday, December 7th. They issued a “hold” rating on the stock. Finally, SunTrust Banks restated a “hold” rating and issued a $16.00 price objective on shares of Crispr Therapeutics in a research report on Friday, November 10th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $22.81.

The stock has a market capitalization of $1,380.00 and a PE ratio of -94.00.

Crispr Therapeutics (NASDAQ:CRSP) last issued its quarterly earnings results on Wednesday, November 8th. The company reported ($0.62) EPS for the quarter, missing analysts’ consensus estimates of ($0.60) by ($0.02). Crispr Therapeutics had a negative net margin of 466.58% and a negative return on equity of 38.42%. The business had revenue of $2.39 million for the quarter, compared to the consensus estimate of $3.61 million. During the same quarter in the previous year, the business earned ($2.77) earnings per share. The firm’s revenue was up 54.2% on a year-over-year basis. equities research analysts forecast 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 firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $19.10, for a total value of $434,696.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tyler Dylan-Hyde sold 66,000 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $28.03, for a total value of $1,849,980.00. Following the completion of the sale, the insider now directly owns 25,204 shares of the company’s stock, valued at approximately $706,468.12. The disclosure for this sale can be found here. Insiders have sold 2,234,504 shares of company stock worth $44,388,553 over the last quarter. Company insiders own 39.98% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN lifted its stake in Crispr Therapeutics by 459.7% in the second quarter. Wells Fargo & Company MN now owns 7,987 shares of the company’s stock worth $128,000 after acquiring an additional 6,560 shares during the period. Capital Investment Advisory Services LLC purchased a new stake in Crispr Therapeutics in the third quarter worth $193,000. Ark Investment Management LLC purchased a new stake in Crispr Therapeutics in the second quarter worth $206,000. Moloney Securities Asset Management LLC purchased a new stake in Crispr Therapeutics in the third quarter worth $235,000. Finally, Creative Planning purchased a new stake in Crispr Therapeutics in the fourth quarter worth $243,000. 21.91% of the stock is owned by institutional investors.

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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.

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