Crispr Therapeutics AG (NASDAQ:CRSP) - Stock analysts at Oppenheimer lifted their FY2020 earnings estimates for shares of Crispr Therapeutics in a research note issued to investors on Wednesday, October 28th. Oppenheimer analyst J. Olson now anticipates that the company will post earnings of ($4.53) per share for the year, up from their previous estimate of ($4.84). Oppenheimer has a "Buy" rating and a $105.00 price objective on the stock. Oppenheimer also issued estimates for Crispr Therapeutics' Q4 2020 earnings at ($1.09) EPS, FY2021 earnings at ($3.84) EPS, FY2022 earnings at ($3.99) EPS and FY2023 earnings at ($2.21) EPS.
Other equities analysts have also recently issued reports about the company. Chardan Capital increased their price target on 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 Crispr Therapeutics in a research report on Tuesday, July 14th. They issued a "buy" rating and a $140.00 target price on the stock. Canaccord Genuity upped their price target on shares of Crispr Therapeutics from $110.00 to $120.00 in a research report on Thursday, October 22nd. Piper Sandler dropped their price objective on shares of Crispr Therapeutics from $128.00 to $107.00 and set an "overweight" rating on the stock in a report on Thursday. Finally, William Blair restated a "buy" rating on shares of Crispr Therapeutics in a research report on Tuesday, July 28th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company. The company presently has an average rating of "Buy" and an average price target of $99.56.
Shares of CRSP stock opened at $91.82 on Monday. Crispr Therapeutics has a 12-month low of $32.30 and a 12-month high of $111.90. The stock has a market capitalization of $6.44 billion, a P/E ratio of -28.17 and a beta of 2.31. The firm's 50 day moving average is $90.85 and its 200 day moving average is $77.86. Crispr Therapeutics (NASDAQ:CRSP) last announced its quarterly earnings results on Monday, November 2nd. The company reported ($1.32) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.18) by ($0.14). Crispr Therapeutics had a negative net margin of 273.10% and a negative return on equity of 23.17%. The company had revenue of $0.15 million for the quarter, compared to analysts' expectations of $2.22 million. During the same period in the previous year, the business earned $2.40 EPS. The business's revenue was down 99.9% compared to the same quarter last year.
In other news, Director Bradley J. Phd Bolzon sold 60,000 shares of Crispr Therapeutics stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $92.51, for a total transaction of $5,550,600.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 transaction of $2,315,500.00. Following the completion of the transaction, the president now directly owns 651,940 shares in the company, valued at approximately $60,382,682.80. The disclosure for this sale can be found here. Over the last three months, insiders have 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 and other institutional investors have recently made changes to their positions in the business. Vigilant Capital Management LLC bought a new position in shares of Crispr Therapeutics during the 3rd quarter valued at about $25,000. Webster Bank N. A. purchased a new stake in shares of Crispr Therapeutics in the third quarter worth about $27,000. Pacitti Group Inc. bought a new position in Crispr Therapeutics during the second quarter valued at approximately $32,000. WASHINGTON TRUST Co grew its holdings in 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 in the last quarter. Finally, Nachman Norwood & Parrott Inc bought a new stake in Crispr Therapeutics in the 3rd quarter worth approximately $42,000. Institutional investors own 55.29% of the company's stock.
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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