Wall Street brokerages expect Crispr Therapeutics AG (NASDAQ:CRSP) to post sales of $3.96 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Crispr Therapeutics' earnings, with estimates ranging from $250,000.00 to $14.80 million. Crispr Therapeutics posted sales of $211.93 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 98.1%. The company is scheduled to report its next earnings report on Monday, October 26th.
According to Zacks, analysts expect that Crispr Therapeutics will report full-year sales of $7.19 million for the current financial year, with estimates ranging from $200,000.00 to $29.90 million. For the next fiscal year, analysts anticipate that the firm will report sales of $38.67 million, with estimates ranging from $3.50 million to $90.00 million. Zacks Investment Research's sales calculations are an average based on a survey of sell-side research analysts that follow Crispr Therapeutics.
Crispr Therapeutics (NASDAQ:CRSP) last issued its earnings results on Monday, July 27th. The company reported ($1.30) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.95) by ($0.35). The business had revenue of $0.04 million during the quarter, compared to the consensus estimate of $19.77 million. Crispr Therapeutics had a return on equity of 2.35% and a net margin of 6.77%. The company's revenue for the quarter was down 86.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.01) earnings per share.
Several equities research analysts have recently commented on the company. Bank of America assumed coverage on Crispr Therapeutics in a report on Monday, October 5th. They set a "buy" rating and a $110.00 price objective for the company. BofA Securities assumed coverage on Crispr Therapeutics in a report on Monday, October 5th. They set a "buy" rating and a $110.00 price objective for the company. ValuEngine upgraded Crispr Therapeutics from a "hold" rating to a "buy" rating in a report on Thursday, October 1st. BidaskClub upgraded Crispr Therapeutics from a "hold" rating to a "buy" rating in a report on Wednesday, September 2nd. Finally, Citigroup restated a "sell" rating on shares of Crispr Therapeutics in a report on Wednesday, August 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have issued a buy rating to the company. The company presently has an average rating of "Buy" and a consensus price target of $93.31.
In other Crispr Therapeutics news, President Rodger Novak sold 25,000 shares of the business's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $92.62, for a total value of $2,315,500.00. Following the transaction, the president now owns 651,940 shares of the company's stock, valued at $60,382,682.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Michael John Tomsicek sold 12,000 shares of the business's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $92.26, for a total value of $1,107,120.00. Following the completion of the transaction, the chief financial officer now directly owns 12,410 shares in the company, valued at approximately $1,144,946.60. The disclosure for this sale can be found here. In the last three months, insiders sold 133,000 shares of company stock worth $12,064,743. Insiders own 21.40% of the company's stock.
A number of hedge funds have recently bought and sold shares of the business. Sandy Spring Bank lifted its position in shares of Crispr Therapeutics by 13.0% during the 2nd quarter. Sandy Spring Bank now owns 1,053 shares of the company's stock valued at $77,000 after buying an additional 121 shares during the last quarter. Slow Capital Inc. lifted its position in shares of Crispr Therapeutics by 1.0% during the 2nd quarter. Slow Capital Inc. now owns 13,043 shares of the company's stock valued at $959,000 after buying an additional 130 shares during the last quarter. Flagship Harbor Advisors LLC lifted its position in shares of Crispr Therapeutics by 4.2% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 3,700 shares of the company's stock valued at $271,000 after buying an additional 150 shares during the last quarter. WASHINGTON TRUST Co lifted its position in shares of Crispr Therapeutics by 81.9% during the 2nd quarter. WASHINGTON TRUST Co now owns 473 shares of the company's stock valued at $35,000 after buying an additional 213 shares during the last quarter. Finally, Advisor Group Holdings Inc. lifted its position in shares of Crispr Therapeutics by 1.2% during the 2nd quarter. Advisor Group Holdings Inc. now owns 19,399 shares of the company's stock valued at $1,425,000 after buying an additional 222 shares during the last quarter. 55.29% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ CRSP opened at $109.83 on Monday. The company has a market cap of $7.71 billion, a price-to-earnings ratio of 238.76 and a beta of 2.31. Crispr Therapeutics has a 52 week low of $32.30 and a 52 week high of $111.90. The business has a 50 day moving average price of $87.55 and a 200-day moving average price of $73.85.
Crispr Therapeutics Company Profile
CRISPR Therapeutics AG, a gene editing company, focuses on developing transformative gene-based medicines for the treatment of serious human diseases using its regularly interspaced short palindromic repeats associated protein-9 (CRISPR/Cas9) gene-editing platform in Switzerland. Its lead product candidate is CTX001, an ex vivo CRISPR gene-edited therapy for treating patients suffering from dependent beta thalassemia or severe sickle cell disease in which a patient's hematopoietic stem cells are engineered to produce high levels of fetal hemoglobin in red blood cells.
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