Leerink Swann lowered shares of TESARO (NASDAQ:TSRO) from an outperform rating to a market perform rating in a research note published on Monday, The Fly reports.
A number of other analysts have also issued reports on the company. Gabelli lowered TESARO from a buy rating to a hold rating in a research note on Monday. Guggenheim lowered TESARO from a buy rating to a neutral rating in a research note on Monday. SunTrust Banks lowered TESARO from a buy rating to a hold rating in a research note on Monday. Robert W. Baird set a $75.00 price objective on TESARO and gave the company a hold rating in a research note on Monday. Finally, HC Wainwright reiterated a buy rating and set a $69.00 price objective on shares of TESARO in a research note on Monday. Thirteen research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $74.90.
NASDAQ:TSRO opened at $73.50 on Monday. The company has a debt-to-equity ratio of 3.74, a quick ratio of 2.83 and a current ratio of 3.40. TESARO has a 52-week low of $23.41 and a 52-week high of $87.93. The firm has a market cap of $2.55 billion, a P/E ratio of -8.02 and a beta of 1.46.
Institutional investors have recently bought and sold shares of the stock. ING Groep NV purchased a new position in TESARO during the second quarter worth about $667,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of TESARO in the 3rd quarter worth about $602,000. First Mercantile Trust Co. boosted its holdings in shares of TESARO by 58.3% in the 3rd quarter. First Mercantile Trust Co. now owns 12,835 shares of the biopharmaceutical company’s stock worth $501,000 after purchasing an additional 4,727 shares in the last quarter. KBC Group NV boosted its holdings in shares of TESARO by 20.0% in the 2nd quarter. KBC Group NV now owns 10,533 shares of the biopharmaceutical company’s stock worth $468,000 after purchasing an additional 1,752 shares in the last quarter. Finally, Frontier Capital Management Co. LLC boosted its holdings in shares of TESARO by 77.9% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 3,139,778 shares of the biopharmaceutical company’s stock worth $122,483,000 after purchasing an additional 1,375,361 shares in the last quarter.
Tesaro, Inc, an oncology-focused biopharmaceutical company, identifies, acquires, develops, and commercializes cancer therapeutics and oncology supportive care products in the United States. It offers ZEJULA (niraparib), an orally active and potent poly polymerase inhibitor for the maintenance treatment of women with recurrent epithelial ovarian, fallopian tube, or primary peritoneal cancer; and VARUBI (rolapitant), a neurokinin-1, or NK-1, receptor antagonist for the prevention of chemotherapy induced nausea and vomiting.
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