Crispr Theraptc (CRSP) Rating Reiterated by Cann

Crispr Theraptc (NASDAQ:CRSP)‘s stock had its “hold” rating reaffirmed by stock analysts at Cann in a report issued on Thursday.

The analysts wrote, “Loss per share was $0.62, compared to our estimated loss per share of $0.51. This was the result of higher than expected SG&A of $8.1 million, compared to our estimate of $6.5 million; as well as a loss from equity method investment of $0.4 million compared to our estimate of $0.0 million. The higher-than-anticipated SG&A expenses are due to a slightly earlier-than-anticipated administrative ramp, which we anticipated would occur in the fourth quarter. As a result, we are not changing our estimates for full year estimated 2017 SG&A expenses. There were no other meaningful variances in the quarter.””

CRSP has been the topic of several other reports. Barclays PLC reiterated a “buy” rating and issued a $29.00 target price on shares of Crispr Theraptc in a report on Friday, September 8th. Chardan Capital reiterated a “buy” rating on shares of Crispr Theraptc in a report on Monday, August 14th. SunTrust Banks, Inc. began coverage on Crispr Theraptc in a report on Thursday, July 13th. They issued a “hold” rating and a $16.00 target price on the stock. Finally, Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Crispr Theraptc in a report on Tuesday, July 18th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Crispr Theraptc has a consensus rating of “Buy” and a consensus price target of $23.08.

Crispr Theraptc (NASDAQ CRSP) traded up $0.50 during trading on Thursday, hitting $17.45. The stock had a trading volume of 123,300 shares, compared to its average volume of 129,832. Crispr Theraptc has a one year low of $11.63 and a one year high of $25.00.

Crispr Theraptc (NASDAQ:CRSP) last released its quarterly earnings data on Wednesday, November 8th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.60) by ($0.02). Crispr Theraptc had a negative net margin of 466.58% and a negative return on equity of 38.42%. The firm had revenue of $2.39 million during the quarter, compared to analyst estimates of $3.61 million. During the same period in the prior year, the company earned ($2.77) EPS. The business’s quarterly revenue was up 54.2% compared to the same quarter last year. analysts expect that Crispr Theraptc will post -2.46 EPS for the current fiscal year.

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In related news, Director Kurt Von Emster sold 3,150 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $18.52, for a total value of $58,338.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Samarth Kulkarni sold 27,154 shares of the stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $20.08, for a total value of $545,252.32. Following the completion of the sale, the insider now directly owns 110,893 shares of the company’s stock, valued at $2,226,731.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 343,060 shares of company stock worth $6,778,681. 39.98% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRSP. Credit Suisse AG purchased a new stake in Crispr Theraptc in the 1st quarter valued at $1,742,000. Wells Fargo & Company MN increased its position in shares of Crispr Theraptc by 459.7% during the 2nd quarter. Wells Fargo & Company MN now owns 7,987 shares of the company’s stock valued at $128,000 after purchasing an additional 6,560 shares during the last quarter. Vanguard Group Inc. purchased a new stake in shares of Crispr Theraptc during the 2nd quarter valued at $273,000. Ark Investment Management LLC purchased a new stake in shares of Crispr Theraptc during the 2nd quarter valued at $206,000. Finally, Moloney Securities Asset Management LLC purchased a new stake in shares of Crispr Theraptc during the 3rd quarter valued at $235,000. 25.52% of the stock is owned by institutional investors and hedge funds.

About Crispr Theraptc

Crispr Therapeutics AG is a Switzerland-based gene-editing company. The Company focuses on the development of transformative gene-based medicines for serious diseases using its Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR)/Cas9 gene-editing platform. CRISPR/Cas9 can be programmed to cut, edit and correct disease-associated deoxyribonucleic acid (DNA) in a patient’s cell.

Analyst Recommendations for Crispr Theraptc (NASDAQ:CRSP)

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