Spark Therapeutics, Inc. (ONCE) Stock Rating Reaffirmed by Cantor Fitzgerald
Spark Therapeutics, Inc. (NASDAQ:ONCE)‘s stock had its “buy” rating reiterated by equities researchers at Cantor Fitzgerald in a research report issued to clients and investors on Friday. Cantor Fitzgerald also issued estimates for Spark Therapeutics’ FY2017 earnings at ($7.27) EPS and FY2018 earnings at ($5.54) EPS.
Several other equities analysts have also issued reports on the company. Evercore ISI assumed coverage on Spark Therapeutics in a research report on Wednesday, August 16th. They issued an “in-line” rating and a $83.00 price objective for the company. Chardan Capital upgraded Spark Therapeutics from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $60.00 to $100.00 in a research report on Tuesday, August 8th. Zacks Investment Research lowered Spark Therapeutics from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Stifel Nicolaus reiterated a “buy” rating and issued a $92.00 price objective (up from $77.00) on shares of Spark Therapeutics in a research report on Thursday, August 3rd. Finally, Cowen and Company reiterated an “outperform” rating and issued a $95.00 price objective (up from $75.00) on shares of Spark Therapeutics in a research report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the stock. Spark Therapeutics currently has an average rating of “Buy” and a consensus target price of $82.32.
Spark Therapeutics (NASDAQ:ONCE) opened at 80.37 on Friday. The firm’s market cap is $2.51 billion. The stock has a 50 day moving average of $71.59 and a 200-day moving average of $61.05. Spark Therapeutics has a 52-week low of $35.07 and a 52-week high of $83.19.
Spark Therapeutics (NASDAQ:ONCE) last issued its quarterly earnings data on Wednesday, August 2nd. The biotechnology company reported ($1.89) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.75) by $0.14. Spark Therapeutics had a negative net margin of 962.72% and a negative return on equity of 59.74%. The business had revenue of $1.48 million during the quarter, compared to analyst estimates of $1.33 million. During the same quarter in the prior year, the firm posted ($1.04) earnings per share. Spark Therapeutics’s revenue for the quarter was up 14.7% compared to the same quarter last year. On average, analysts expect that Spark Therapeutics will post ($7.75) EPS for the current year.
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In other Spark Therapeutics news, CEO Jeffrey D. Marrazzo sold 21,350 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $80.01, for a total value of $1,708,213.50. Following the sale, the chief executive officer now owns 251,350 shares in the company, valued at approximately $20,110,513.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Barge Joseph La sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the sale, the general counsel now owns 9,567 shares in the company, valued at approximately $526,185. The disclosure for this sale can be found here. Insiders sold a total of 360,660 shares of company stock worth $25,495,351 in the last 90 days. Company insiders own 7.30% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Teachers Advisors LLC boosted its stake in Spark Therapeutics by 16.8% in the fourth quarter. Teachers Advisors LLC now owns 33,884 shares of the biotechnology company’s stock valued at $1,691,000 after buying an additional 4,875 shares during the last quarter. Nationwide Fund Advisors boosted its stake in Spark Therapeutics by 2.5% in the first quarter. Nationwide Fund Advisors now owns 17,298 shares of the biotechnology company’s stock valued at $923,000 after buying an additional 414 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Spark Therapeutics by 131.8% in the first quarter. Wells Fargo & Company MN now owns 522,894 shares of the biotechnology company’s stock valued at $27,891,000 after buying an additional 297,277 shares during the last quarter. Tocqueville Asset Management L.P. boosted its stake in Spark Therapeutics by 10.1% in the first quarter. Tocqueville Asset Management L.P. now owns 59,850 shares of the biotechnology company’s stock valued at $3,192,000 after buying an additional 5,500 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Spark Therapeutics by 0.7% in the first quarter. American Century Companies Inc. now owns 488,519 shares of the biotechnology company’s stock valued at $26,058,000 after buying an additional 3,445 shares during the last quarter. Hedge funds and other institutional investors own 87.30% of the company’s stock.
About Spark Therapeutics
Spark Therapeutics, Inc is a gene therapy company. The Company focuses on treating orphan diseases. It has a pipeline of product candidates targeting multiple rare blinding conditions, hematologic disorders and neurodegenerative diseases. Its pipeline includes a product candidate targeting choroideremia (CHM), which is in a Phase I/II clinical trial and a product candidate for hemophilia A, which is in a Phase I/II clinical trial.
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