TESARO (TSRO) Cut to Strong Sell at BidaskClub

TESARO (NASDAQ:TSRO) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Saturday.

Other equities research analysts have also recently issued research reports about the company. SunTrust Banks reiterated a “buy” rating and issued a $160.00 price objective on shares of TESARO in a report on Friday, November 10th. Lake Street Capital reiterated a “buy” rating and issued a $143.00 price objective on shares of TESARO in a report on Thursday, November 9th. HC Wainwright restated a “buy” rating on shares of TESARO in a research note on Wednesday, November 8th. Cann restated a “buy” rating and issued a $199.00 target price on shares of TESARO in a research note on Tuesday, November 7th. Finally, Argus set a $154.00 target price on TESARO and gave the company a “buy” rating in a research note on Tuesday, November 28th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. TESARO has a consensus rating of “Hold” and a consensus target price of $149.97.

Shares of TESARO (NASDAQ TSRO) opened at $58.89 on Friday. TESARO has a fifty-two week low of $55.02 and a fifty-two week high of $192.94. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.73 and a quick ratio of 4.35. The firm has a market capitalization of $3,202.56, a P/E ratio of -6.98 and a beta of 1.25.

In related news, SVP Martin H. Jr. Huber sold 829 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $85.24, for a total transaction of $70,663.96. Following the completion of the transaction, the senior vice president now owns 8,101 shares of the company’s stock, valued at approximately $690,529.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 40.50% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. Exane Derivatives bought a new position in TESARO during the 3rd quarter valued at approximately $106,000. Toronto Dominion Bank increased its position in TESARO by 244.6% during the 3rd quarter. Toronto Dominion Bank now owns 1,592 shares of the biopharmaceutical company’s stock valued at $206,000 after buying an additional 1,130 shares in the last quarter. Achmea Investment Management B.V. bought a new position in TESARO during the 2nd quarter valued at approximately $234,000. Commonwealth Equity Services Inc bought a new position in TESARO during the 3rd quarter valued at approximately $222,000. Finally, Crossmark Global Holdings Inc. bought a new position in TESARO during the 3rd quarter valued at approximately $230,000.

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TESARO Company Profile

TESARO, Inc is an oncology-focused biopharmaceutical company. The Company operates through the business of developing and commercializing of oncology-focused therapeutics segment. It is developing oncology-related product candidates, including rolapitant, niraparib and the product candidates under its immuno-oncology platform.

Analyst Recommendations for TESARO (NASDAQ:TSRO)

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