Equities research analysts expect CRISPR Therapeutics AG (NASDAQ:CRSP) to announce ($1.23) earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for CRISPR Therapeutics' earnings, with estimates ranging from ($1.38) to ($0.70). CRISPR Therapeutics reported earnings of $0.51 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 341.2%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, February 10th.
According to Zacks, analysts expect that CRISPR Therapeutics will report full-year earnings of ($4.92) per share for the current fiscal year, with EPS estimates ranging from ($5.15) to ($4.44). For the next financial year, analysts anticipate that the business will report earnings of ($5.07) per share, with EPS estimates ranging from ($6.38) to ($3.67). Zacks Investment Research's earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for CRISPR Therapeutics.
CRISPR Therapeutics (NASDAQ:CRSP) last released its earnings results on Monday, November 2nd. The company reported ($1.32) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($1.18) by ($0.14). The firm had revenue of $0.15 million during the quarter, compared to analysts' expectations of $2.22 million. CRISPR Therapeutics had a negative return on equity of 20.72% and a negative net margin of 273.10%. The company's revenue was down 99.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.40 earnings per share.
A number of equities research analysts have issued reports on the stock. Piper Sandler cut their price objective on shares of CRISPR Therapeutics from $128.00 to $107.00 and set an "overweight" rating for the company in a report on Thursday, October 29th. Chardan Capital increased their price objective on shares of CRISPR Therapeutics from $100.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, October 22nd. SunTrust Banks assumed coverage on shares of CRISPR Therapeutics in a report on Tuesday, July 14th. They set a "buy" rating and a $140.00 price objective for the company. Stifel Nicolaus increased their price objective on shares of CRISPR Therapeutics from $75.00 to $93.00 and gave the company a "hold" rating in a report on Wednesday, October 21st. Finally, William Blair reiterated a "buy" rating on shares of CRISPR Therapeutics in a research report on Tuesday, July 28th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the stock. CRISPR Therapeutics has an average rating of "Buy" and an average target price of $99.56.
In related news, Director Bradley J. Phd Bolzon sold 60,000 shares of the firm's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $92.51, for a total value of $5,550,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Bradley J. Phd Bolzon sold 3,035 shares of the firm's stock in a transaction on Friday, September 18th. The stock was sold at an average price of $86.87, for a total value of $263,650.45. Following the completion of the sale, the director now owns 7,391 shares of the company's stock, valued at $642,056.17. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 133,000 shares of company stock valued at $12,064,743. 21.40% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in CRSP. Geode Capital Management LLC increased its stake in CRISPR Therapeutics by 9.5% in the first quarter. Geode Capital Management LLC now owns 42,950 shares of the company's stock worth $1,821,000 after purchasing an additional 3,716 shares during the period. Morgan Stanley increased its stake in CRISPR Therapeutics by 233.6% in the first quarter. Morgan Stanley now owns 851,519 shares of the company's stock worth $36,113,000 after purchasing an additional 596,255 shares during the period. State Street Corp increased its stake in CRISPR Therapeutics by 48.2% in the first quarter. State Street Corp now owns 71,211 shares of the company's stock worth $3,020,000 after purchasing an additional 23,159 shares during the period. Carroll Financial Associates Inc. increased its stake in CRISPR Therapeutics by 100.0% in the second quarter. Carroll Financial Associates Inc. now owns 900 shares of the company's stock worth $66,000 after purchasing an additional 450 shares during the period. Finally, McGuire Investment Group LLC purchased a new stake in CRISPR Therapeutics in the second quarter worth $239,000. Institutional investors and hedge funds own 55.29% of the company's stock.
Shares of CRSP opened at $99.65 on Tuesday. CRISPR Therapeutics has a 1 year low of $32.30 and a 1 year high of $111.90. The company has a 50 day simple moving average of $93.27 and a two-hundred day simple moving average of $80.22. The firm has a market cap of $7.04 billion, a P/E ratio of -30.57 and a beta of 2.26.
About CRISPR Therapeutics
CRISPR Therapeutics AG, a gene editing company, focuses on developing transformative gene-based medicines for serious human diseases. It develops its products using Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR)/CRISPR-associated protein 9 (Cas9), a gene editing technology that allows for precise directed changes to genomic DNA.
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