Crispr Therapeutics AG (NASDAQ:CRSP) has received a consensus recommendation of “Hold” from the fifteen research firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $46.70.
Several analysts recently weighed in on the company. Zacks Investment Research upgraded Crispr Therapeutics from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Friday, March 1st. BidaskClub downgraded Crispr Therapeutics from a “hold” rating to a “sell” rating in a report on Friday, March 22nd. William Blair assumed coverage on Crispr Therapeutics in a report on Wednesday, March 13th. They issued a “market perform” rating for the company. SunTrust Banks restated a “buy” rating on shares of Crispr Therapeutics in a report on Monday, December 31st. Finally, Needham & Company LLC assumed coverage on Crispr Therapeutics in a report on Sunday, December 9th. They issued a “buy” rating and a $38.72 price objective for the company.
In other Crispr Therapeutics news, President Rodger Novak sold 85,220 shares of Crispr Therapeutics stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $40.40, for a total value of $3,442,888.00. Following the transaction, the president now owns 1,024,534 shares in the company, valued at $41,391,173.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 126,003 shares of company stock worth $4,989,303 in the last quarter. 37.70% of the stock is owned by insiders.
NASDAQ:CRSP opened at $35.45 on Friday. Crispr Therapeutics has a twelve month low of $22.22 and a twelve month high of $73.90. The firm has a market cap of $1.85 billion, a PE ratio of -10.31 and a beta of 3.12.
Crispr Therapeutics (NASDAQ:CRSP) last released its earnings results on Monday, February 25th. The company reported ($0.92) earnings per share for the quarter, missing the consensus estimate of ($0.83) by ($0.09). The business had revenue of $0.10 million for the quarter, compared to the consensus estimate of $1.56 million. Crispr Therapeutics had a negative return on equity of 48.35% and a negative net margin of 5,281.08%. The company’s revenue for the quarter was down 99.7% compared to the same quarter last year. On average, equities research analysts predict that Crispr Therapeutics will post -3.33 EPS for the current year.
About Crispr Therapeutics
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, which targets sickle cell disease and beta-thalassemia with an ex vivo approach whereby cells are harvested from a patient, treated with a CRISPR/Cas9-based therapeutic and reintroduced into the patient.
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