TESARO (TSRO) Trading 0% Higher

TESARO Inc (NASDAQ:TSRO) traded up 0% during trading on Friday . The stock traded as high as $59.41 and last traded at $58.89. 974,449 shares changed hands during trading, a decline of 25% from the average session volume of 1,299,344 shares. The stock had previously closed at $58.89.

Several equities research analysts have commented on the company. Robert W. Baird reiterated a “hold” rating and set a $120.00 price objective on shares of TESARO in a research note on Friday, November 10th. Leerink Swann upgraded TESARO from a “market perform” rating to an “outperform” rating in a research report on Wednesday, November 15th. Piper Jaffray Companies restated a “hold” rating and issued a $65.00 price target on shares of TESARO in a research report on Thursday, January 18th. HC Wainwright restated a “buy” rating and issued a $158.00 price target on shares of TESARO in a research report on Monday, November 20th. Finally, Barclays assumed coverage on TESARO in a research report on Monday, October 23rd. They issued an “equal weight” rating and a $135.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. TESARO has a consensus rating of “Hold” and an average price target of $149.97.

The firm has a market cap of $3,370.00, a PE ratio of -6.99 and a beta of 1.25. The company has a quick ratio of 4.35, a current ratio of 4.73 and a debt-to-equity ratio of 0.34.

In related news, SVP Martin H. Jr. Huber sold 829 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $85.24, for a total value of $70,663.96. Following the completion of the transaction, the senior vice president now directly owns 8,101 shares in the company, valued at $690,529.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 40.50% of the company’s stock.

A number of institutional investors have recently modified their holdings of TSRO. Exane Derivatives purchased a new position in TESARO in the third quarter worth approximately $106,000. Toronto Dominion Bank grew its position in TESARO by 244.6% in the third quarter. Toronto Dominion Bank now owns 1,592 shares of the biopharmaceutical company’s stock worth $206,000 after acquiring an additional 1,130 shares during the period. Bourgeon Capital Management LLC purchased a new position in TESARO in the fourth quarter worth approximately $211,000. Fox Run Management L.L.C. acquired a new position in TESARO during the fourth quarter worth $218,000. Finally, Commonwealth Equity Services Inc acquired a new position in TESARO during the third quarter worth $222,000.

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TESARO, Inc is an oncology-focused biopharmaceutical company. The Company operates through the business of developing and commercializing of oncology-focused therapeutics segment. It is developing oncology-related product candidates, including rolapitant, niraparib and the product candidates under its immuno-oncology platform.

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