Maxim Group Increases Juno Therapeutics, Inc. (JUNO) Price Target to $56.00
Juno Therapeutics, Inc. (NASDAQ:JUNO) had its price objective raised by stock analysts at Maxim Group from $34.00 to $56.00 in a research report issued to clients and investors on Monday. The brokerage presently has a “buy” rating on the biopharmaceutical company’s stock. Maxim Group’s target price would indicate a potential upside of 28.41% from the company’s current price.
JUNO has been the topic of a number of other research reports. Leerink Swann reiterated an “outperform” rating on shares of Juno Therapeutics in a report on Monday, June 12th. Vetr upgraded Juno Therapeutics from a “strong sell” rating to a “sell” rating and set a $25.50 price target on the stock in a research note on Monday, August 14th. Zacks Investment Research downgraded Juno Therapeutics from a “hold” rating to a “sell” rating in a research note on Monday, August 28th. Morgan Stanley restated an “equal weight” rating and issued a $43.00 price target (up previously from $27.00) on shares of Juno Therapeutics in a research note on Friday. Finally, Raymond James Financial, Inc. upgraded Juno Therapeutics from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research note on Tuesday, August 29th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $37.83.
Shares of Juno Therapeutics (NASDAQ:JUNO) opened at 43.61 on Monday. The firm’s market cap is $4.57 billion. Juno Therapeutics has a 1-year low of $17.52 and a 1-year high of $47.03. The company’s 50-day moving average price is $40.64 and its 200 day moving average price is $29.40.
Juno Therapeutics (NASDAQ:JUNO) last posted its earnings results on Thursday, August 3rd. The biopharmaceutical company reported ($0.96) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.24). Juno Therapeutics had a negative return on equity of 27.10% and a negative net margin of 354.36%. The firm had revenue of $21.30 million for the quarter, compared to analysts’ expectations of $15.59 million. During the same quarter last year, the company posted ($0.64) EPS. The firm’s revenue was down 22.8% on a year-over-year basis. On average, analysts predict that Juno Therapeutics will post ($3.12) EPS for the current year.
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In other news, insider Sunil Agarwal sold 7,285 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $44.76, for a total transaction of $326,076.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard Klausner sold 12,000 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $30.34, for a total value of $364,080.00. Following the transaction, the director now directly owns 788,985 shares in the company, valued at $23,937,804.90. The disclosure for this sale can be found here. Insiders have sold a total of 8,085,004 shares of company stock worth $219,551,561 over the last three months. Insiders own 15.26% of the company’s stock.
Large investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its stake in shares of Juno Therapeutics by 7.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,405 shares of the biopharmaceutical company’s stock worth $102,000 after purchasing an additional 228 shares in the last quarter. Pacad Investment Ltd. purchased a new stake in shares of Juno Therapeutics in the 2nd quarter worth $105,000. QS Investors LLC purchased a new stake in shares of Juno Therapeutics in the 2nd quarter worth $135,000. Great West Life Assurance Co. Can increased its stake in shares of Juno Therapeutics by 80.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 8,518 shares of the biopharmaceutical company’s stock worth $189,000 after purchasing an additional 3,800 shares in the last quarter. Finally, Macquarie Group Ltd. purchased a new stake in shares of Juno Therapeutics in the 2nd quarter worth $248,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.
About Juno Therapeutics
Juno Therapeutics, Inc (Juno) is a biopharmaceutical company, which is focused on developing cellular immunotherapies for the treatment of cancer. The Company is developing cell-based cancer immunotherapies based on its chimeric antigen receptor (CAR) and T cell receptor (TCR) technologies to genetically engineer T cells to recognize and kill cancer cells.
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