TESARO Target of Unusually High Options Trading (TSRO)

TESARO Inc (NASDAQ:TSRO) was the target of some unusual options trading on Friday. Stock investors purchased 4,766 call options on the stock. This represents an increase of 1,698% compared to the typical volume of 265 call options.

In related news, SVP Martin H. Jr. Huber sold 829 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $85.24, for a total value of $70,663.96. Following the completion of the sale, the senior vice president now directly owns 8,101 shares in the company, valued at $690,529.24. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 34.60% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Perceptive Advisors LLC boosted its position in shares of TESARO by 8.1% during the 3rd quarter. Perceptive Advisors LLC now owns 388,651 shares of the biopharmaceutical company’s stock worth $50,175,000 after purchasing an additional 29,100 shares in the last quarter. TimesSquare Capital Management LLC bought a new position in shares of TESARO during the 3rd quarter worth about $33,911,000. Tobam bought a new position in shares of TESARO during the 2nd quarter worth about $20,189,000. Sphera Funds Management LTD. bought a new position in shares of TESARO during the 2nd quarter worth about $7,692,000. Finally, Fiera Capital Corp bought a new position in shares of TESARO during the 2nd quarter worth about $18,451,000.

Shares of TESARO (TSRO) traded down $4.33 on Thursday, reaching $71.66. 1,545,103 shares of the company’s stock were exchanged, compared to its average volume of 1,011,073. The company has a quick ratio of 4.35, a current ratio of 4.73 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $3,940.00, a PE ratio of -8.50 and a beta of 1.51. TESARO has a twelve month low of $71.50 and a twelve month high of $192.94.

TESARO (NASDAQ:TSRO) last released its quarterly earnings data on Tuesday, November 7th. The biopharmaceutical company reported ($0.47) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.16) by $0.69. The company had revenue of $142.77 million for the quarter, compared to analysts’ expectations of $130.57 million. TESARO had a negative net margin of 251.22% and a negative return on equity of 93.39%. The business’s revenue was up 740.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($1.72) EPS. research analysts forecast that TESARO will post -8.19 EPS for the current fiscal year.

Several research analysts have commented on TSRO shares. Barclays started coverage on shares of TESARO in a research report on Monday, October 23rd. They set an “equal weight” rating and a $135.00 price objective for the company. ValuEngine downgraded shares of TESARO from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Jefferies Group restated a “hold” rating and set a $124.00 price objective on shares of TESARO in a research report on Friday, November 3rd. HC Wainwright restated a “buy” rating and set a $158.00 price objective on shares of TESARO in a research report on Thursday, October 26th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $165.00 price target (down from $181.00) on shares of TESARO in a report on Wednesday, November 8th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $152.64.

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TESARO, Inc is an oncology-focused biopharmaceutical company. The Company operates through the business of developing and commercializing of oncology-focused therapeutics segment. It is developing oncology-related product candidates, including rolapitant, niraparib and the product candidates under its immuno-oncology platform.

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