Analysts predict that CRISPR Therapeutics AG (NASDAQ:CRSP) will report sales of $4.69 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for CRISPR Therapeutics' earnings, with the lowest sales estimate coming in at $150,000.00 and the highest estimate coming in at $17.80 million. CRISPR Therapeutics posted sales of $77.02 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 93.9%. The company is expected to issue its next quarterly earnings report on Wednesday, February 10th.
According to Zacks, analysts expect that CRISPR Therapeutics will report full-year sales of $4.81 million for the current year, with estimates ranging from $350,000.00 to $18.10 million. For the next financial year, analysts forecast that the company will report sales of $32.63 million, with estimates ranging from $600,000.00 to $90.00 million. Zacks' sales 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 posted its quarterly earnings results on Monday, November 2nd. The company reported ($1.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.18) by ($0.14). CRISPR Therapeutics had a negative net margin of 273.10% and a negative return on equity of 20.72%. The company had revenue of $0.15 million during the quarter, compared to analyst estimates of $2.22 million. During the same period in the prior year, the company earned $2.40 earnings per share. The company's revenue was down 99.9% on a year-over-year basis.
A number of equities analysts have weighed in on the company. Canaccord Genuity upped their target price on CRISPR Therapeutics from $110.00 to $120.00 in a research note on Thursday, October 22nd. Stifel Nicolaus upped their target price on CRISPR Therapeutics from $75.00 to $93.00 and gave the stock a "hold" rating in a research note on Wednesday, October 21st. Bank of America started coverage on CRISPR Therapeutics in a research note on Monday, October 5th. They issued a "buy" rating and a $110.00 target price on the stock. Raymond James reiterated a "sell" rating on shares of CRISPR Therapeutics in a report on Friday, October 30th. Finally, Roth Capital upped their price objective on CRISPR Therapeutics from $105.00 to $115.00 and gave the stock a "buy" rating in a report on Wednesday, October 21st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company's stock. The stock has a consensus rating of "Buy" and an average price target of $101.20.
Shares of NASDAQ CRSP opened at $147.54 on Friday. The firm has a market capitalization of $10.42 billion, a P/E ratio of -45.26 and a beta of 2.36. The stock's 50-day simple moving average is $104.98 and its two-hundred day simple moving average is $87.56. CRISPR Therapeutics has a twelve month low of $32.30 and a twelve month high of $151.11.
In other CRISPR Therapeutics news, Director Bradley J. Phd Bolzon sold 8,965 shares of the business's stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $86.98, for a total transaction of $779,775.70. Following the sale, the director now directly owns 7,391 shares of the company's stock, valued at $642,869.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Rodger Novak sold 100,000 shares of the business's stock in a transaction that occurred on Monday, November 30th. The stock was sold at an average price of $125.00, for a total value of $12,500,000.00. Following the sale, the president now directly owns 698,007 shares in the company, valued at $87,250,875. The disclosure for this sale can be found here. Over the last three months, insiders have sold 136,000 shares of company stock worth $15,591,523. Insiders own 21.40% of the company's stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Vigilant Capital Management LLC bought a new stake in CRISPR Therapeutics during the third quarter worth approximately $25,000. Webster Bank N. A. purchased a new stake in shares of CRISPR Therapeutics in the third quarter valued at approximately $27,000. Pacitti Group Inc. purchased a new stake in shares of CRISPR Therapeutics in the second quarter valued at approximately $32,000. WASHINGTON TRUST Co boosted its holdings in shares of CRISPR Therapeutics by 81.9% in the second quarter. WASHINGTON TRUST Co now owns 473 shares of the company's stock valued at $35,000 after purchasing an additional 213 shares during the period. Finally, Nachman Norwood & Parrott Inc purchased a new stake in shares of CRISPR Therapeutics in the third quarter valued at approximately $42,000. 55.19% of the stock is currently owned by institutional investors.
CRISPR Therapeutics Company Profile
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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