Spark Therapeutics (ONCE) PT Set at $105.00 by Cantor Fitzgerald

Spark Therapeutics (NASDAQ:ONCE) has been given a $105.00 price objective by research analysts at Cantor Fitzgerald in a note issued to investors on Monday. The brokerage currently has a “buy” rating on the biotechnology company’s stock. Cantor Fitzgerald’s price objective points to a potential upside of 43.09% from the company’s previous close.

The analysts wrote, “Update at ASH in four Hemophilia A patients raises new questions on variability of factor VIII expression levels associated with SPK-8011’s treatment.””

ONCE has been the subject of a number of other reports. Cowen restated a “buy” rating and issued a $95.00 price objective on shares of Spark Therapeutics in a report on Tuesday, October 10th. Raymond James Financial restated a “buy” rating on shares of Spark Therapeutics in a research note on Thursday. Barclays raised their price objective on shares of Spark Therapeutics from $104.00 to $107.00 and gave the stock an “overweight” rating in a report on Friday, October 13th. Chardan Capital reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Spark Therapeutics in a report on Friday, October 13th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $101.00 price target (up from $89.00) on shares of Spark Therapeutics in a report on Friday, October 13th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and eighteen have assigned a buy rating to the company’s stock. Spark Therapeutics has an average rating of “Buy” and an average target price of $90.97.

Shares of Spark Therapeutics (NASDAQ:ONCE) traded up $2.82 during trading hours on Monday, hitting $73.38. 669,500 shares of the stock traded hands, compared to its average volume of 398,833. Spark Therapeutics has a 52 week low of $47.03 and a 52 week high of $91.75.

Spark Therapeutics (NASDAQ:ONCE) last announced its quarterly earnings results on Tuesday, November 7th. The biotechnology company reported ($1.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.79) by ($0.11). The company had revenue of $1.90 million for the quarter, compared to analyst estimates of $1.40 million. Spark Therapeutics had a negative return on equity of 60.01% and a negative net margin of 1,090.11%. The firm’s quarterly revenue was up 45.8% on a year-over-year basis. During the same quarter last year, the company posted ($1.07) earnings per share. research analysts predict that Spark Therapeutics will post -7.6 EPS for the current fiscal year.

In other Spark Therapeutics news, insider Katherine A. High sold 5,000 shares of the business’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $86.16, for a total value of $430,800.00. Following the transaction, the insider now owns 215,000 shares in the company, valued at $18,524,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stephen W. Webster sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $70.14, for a total transaction of $701,400.00. Following the completion of the transaction, the chief financial officer now owns 12,500 shares in the company, valued at approximately $876,750. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,074,809 shares of company stock worth $90,304,385. 7.30% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in ONCE. JPMorgan Chase & Co. increased its stake in shares of Spark Therapeutics by 15.0% in the third quarter. JPMorgan Chase & Co. now owns 1,848,988 shares of the biotechnology company’s stock worth $164,986,000 after purchasing an additional 241,016 shares in the last quarter. BlackRock Inc. increased its stake in Spark Therapeutics by 11.6% in the second quarter. BlackRock Inc. now owns 2,053,734 shares of the biotechnology company’s stock valued at $122,689,000 after purchasing an additional 213,520 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in Spark Therapeutics by 20.3% in the second quarter. TIAA CREF Investment Management LLC now owns 62,480 shares of the biotechnology company’s stock valued at $3,733,000 after purchasing an additional 10,544 shares during the last quarter. Balyasny Asset Management LLC increased its stake in Spark Therapeutics by 104.8% in the second quarter. Balyasny Asset Management LLC now owns 59,400 shares of the biotechnology company’s stock valued at $3,549,000 after purchasing an additional 30,400 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. purchased a new position in Spark Therapeutics in the third quarter valued at approximately $5,286,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

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Spark Therapeutics Company Profile

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.

Analyst Recommendations for Spark Therapeutics (NASDAQ:ONCE)

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