William Blair analyst Raju Prasad maintained a Buy rating on Rocket Pharmaceuticals (RCKTResearch Report) today. The company’s shares closed last Monday at $33.63.

According to TipRanks.com, Prasad is a 4-star analyst with an average return of 11.5% and a 50.5% success rate. Prasad covers the Healthcare sector, focusing on stocks such as Global Blood Therapeutics, Crispr Therapeutics AG, and Taysha Gene Therapies.

Currently, the analyst consensus on Rocket Pharmaceuticals is a Strong Buy with an average price target of $67.50.

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Based on Rocket Pharmaceuticals’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $40.18 million. In comparison, last year the company had a GAAP net loss of $24.66 million.

Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RCKT in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Rocket Pharmaceuticals, Inc. is a clinical-stage biotechnology company, which engages in the development of first-in-class gene therapy treatment options for rare and devastating pediatric diseases. Its multi-platform development approach applies the lentiviral vector (LVV) and adeno-associated viral vector (AAV) gene therapy platforms. The firm’s clinical program is a LVV-based gene therapy for the treatment of Fanconi Anemia (FA), a difficult to treat genetic disease that leads to bone marrow failure and potentially cancer. The company was founded in 1999 and is headquartered in New York, NY.



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