18,711 Shares in Editas Medicine Inc (EDIT) Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. purchased a new position in shares of Editas Medicine Inc (NASDAQ:EDIT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,711 shares of the company’s stock, valued at approximately $595,000.

A number of other hedge funds also recently modified their holdings of the stock. TRUE Private Wealth Advisors acquired a new stake in shares of Editas Medicine in the third quarter worth $137,000. Asset Dedication LLC increased its position in shares of Editas Medicine by 4,400.0% in the second quarter. Asset Dedication LLC now owns 4,500 shares of the company’s stock worth $161,000 after acquiring an additional 4,400 shares in the last quarter. Reynders McVeigh Capital Management LLC acquired a new stake in shares of Editas Medicine in the second quarter worth $202,000. Telos Capital Management Inc. acquired a new stake in shares of Editas Medicine in the second quarter worth $203,000. Finally, Xact Kapitalforvaltning AB acquired a new stake in shares of Editas Medicine in the second quarter worth $226,000. 67.31% of the stock is owned by hedge funds and other institutional investors.

EDIT has been the subject of several recent research reports. BidaskClub lowered shares of Editas Medicine from a “buy” rating to a “hold” rating in a research report on Thursday, July 26th. JPMorgan Chase & Co. set a $36.00 price objective on shares of Editas Medicine and gave the stock a “hold” rating in a research report on Monday, August 6th. Zacks Investment Research lowered shares of Editas Medicine from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Raymond James initiated coverage on shares of Editas Medicine in a research report on Friday, September 21st. They issued an “outperform” rating and a $40.00 price objective for the company. Finally, Guggenheim initiated coverage on shares of Editas Medicine in a research report on Tuesday, October 9th. They issued a “neutral” rating for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $46.50.

In related news, insider Katrine Bosley sold 12,000 shares of the firm’s stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $26.88, for a total transaction of $322,560.00. Following the completion of the sale, the insider now directly owns 1,237,566 shares of the company’s stock, valued at approximately $33,265,774.08. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Vickesh Myer sold 3,000 shares of the firm’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $29.65, for a total transaction of $88,950.00. Following the sale, the chief technology officer now directly owns 3,000 shares of the company’s stock, valued at $88,950. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 86,000 shares of company stock valued at $2,601,360. Company insiders own 5.20% of the company’s stock.

EDIT opened at $28.62 on Thursday. The firm has a market cap of $1.29 billion, a P/E ratio of -9.60 and a beta of 3.14. Editas Medicine Inc has a twelve month low of $20.29 and a twelve month high of $45.02. The company has a quick ratio of 14.50, a current ratio of 14.50 and a debt-to-equity ratio of 0.14.

Editas Medicine (NASDAQ:EDIT) last released its quarterly earnings results on Wednesday, November 7th. The company reported ($0.32) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.66) by $0.34. The business had revenue of $14.52 million during the quarter, compared to analyst estimates of $9.83 million. Editas Medicine had a negative net margin of 623.35% and a negative return on equity of 61.27%. The business’s revenue was up 131.2% on a year-over-year basis. During the same period last year, the business earned ($0.64) EPS. Equities analysts forecast that Editas Medicine Inc will post -3 earnings per share for the current year.

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Editas Medicine Profile

Editas Medicine, Inc operates as a genome editing company. It focuses on treating patients with genetically defined diseases by correcting their disease causing genes. The company develops a proprietary genome editing platform based on CRISPR technology to target genetically defined diseases with an initial focus on debilitating illnesses where there are no approved treatments.

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Institutional Ownership by Quarter for Editas Medicine (NASDAQ:EDIT)

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