Sarepta Therapeutics Inc. (SRPT) Receives “Outperform” Rating from Robert W. Baird
Robert W. Baird reaffirmed their outperform rating on shares of Sarepta Therapeutics Inc. (NASDAQ:SRPT) in a research note issued to investors on Tuesday. They currently have a $102.00 price target on the stock.
Several other research analysts also recently weighed in on the stock. RBC Capital Markets reiterated an outperform rating and issued a $106.00 price target (down from $108.00) on shares of Sarepta Therapeutics in a research report on Friday, October 28th. Cowen and Company restated a market perform rating on shares of Sarepta Therapeutics in a research report on Monday, August 15th. Morgan Stanley started coverage on shares of Sarepta Therapeutics in a research report on Thursday, October 27th. They set an equal weight rating and a $53.00 price objective on the stock. Janney Montgomery Scott upgraded shares of Sarepta Therapeutics from a neutral rating to a buy rating and raised their price objective for the company from $30.00 to $65.00 in a research report on Monday, September 19th. Finally, William Blair restated an outperform rating and set a $88.00 price objective on shares of Sarepta Therapeutics in a research report on Sunday, October 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of $66.28.
Sarepta Therapeutics (NASDAQ:SRPT) opened at 36.72 on Tuesday. The company has a 50-day moving average of $43.01 and a 200 day moving average of $31.71. Sarepta Therapeutics has a 12 month low of $8.00 and a 12 month high of $63.73. The stock’s market capitalization is $2.00 billion.
Sarepta Therapeutics (NASDAQ:SRPT) last released its quarterly earnings results on Thursday, October 27th. The company reported ($0.95) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.32) by $0.37. During the same quarter in the prior year, the company earned ($1.25) earnings per share. On average, equities research analysts anticipate that Sarepta Therapeutics will post ($4.31) earnings per share for the current fiscal year.
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In related news, CEO Edward M. Md Kaye sold 40,179 shares of Sarepta Therapeutics stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $60.00, for a total transaction of $2,410,740.00. Following the completion of the transaction, the chief executive officer now directly owns 117,162 shares of the company’s stock, valued at approximately $7,029,720. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Sandesh Mahatme sold 30,000 shares of Sarepta Therapeutics stock in a transaction dated Monday, October 17th. The stock was sold at an average price of $50.08, for a total transaction of $1,502,400.00. Following the transaction, the insider now directly owns 61,532 shares of the company’s stock, valued at $3,081,522.56. The disclosure for this sale can be found here. Corporate insiders own 10.90% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services Inc bought a new stake in shares of Sarepta Therapeutics during the second quarter worth $302,000. DekaBank Deutsche Girozentrale raised its stake in shares of Sarepta Therapeutics by 26.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 24,733 shares of the company’s stock worth $462,000 after buying an additional 5,250 shares during the last quarter. Emerald Acquisition Ltd. bought a new stake in shares of Sarepta Therapeutics during the second quarter worth $496,000. Swiss National Bank raised its stake in shares of Sarepta Therapeutics by 3.2% in the second quarter. Swiss National Bank now owns 77,100 shares of the company’s stock worth $1,470,000 after buying an additional 2,400 shares during the last quarter. Finally, Quantitative Investment Management LLC bought a new stake in shares of Sarepta Therapeutics during the second quarter worth $3,199,000. 76.99% of the stock is owned by hedge funds and other institutional investors.
Sarepta Therapeutics Company Profile
Sarepta Therapeutics, Inc is a biopharmaceutical company. The Company is focused on the discovery and development of ribonucleic acid (RNA)-targeted therapeutics for the treatment of rare, infectious and other diseases. The Company operates in one segment: the development of pharmaceutical products on its own behalf or in collaboration with others.
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