Brokerages predict that CRISPR Therapeutics (NASDAQ:CRSP) will announce sales of $2.45 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for CRISPR Therapeutics’ earnings, with estimates ranging from $500,000.00 to $4.40 million. CRISPR Therapeutics posted sales of $2.70 million during the same quarter last year, which suggests a negative year-over-year growth rate of 9.3%. The firm is expected to report its next quarterly earnings results on Thursday, May 10th.
According to Zacks, analysts expect that CRISPR Therapeutics will report full-year sales of $14.67 million for the current financial year, with estimates ranging from $2.00 million to $24.00 million. For the next year, analysts anticipate that the business will post sales of $91.10 million per share. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for CRISPR Therapeutics.
A number of analysts recently issued reports on CRSP shares. SunTrust Banks reissued a “buy” rating and set a $65.00 price objective on shares of CRISPR Therapeutics in a research report on Friday, March 9th. Piper Jaffray reissued a “buy” rating and set a $22.75 price objective (down from $39.00) on shares of CRISPR Therapeutics in a research report on Wednesday, January 10th. BidaskClub raised CRISPR Therapeutics from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th. Goldman Sachs started coverage on CRISPR Therapeutics in a research report on Friday, April 6th. They set a “buy” rating and a $86.00 price objective for the company. Finally, TheStreet raised CRISPR Therapeutics from a “d+” rating to a “c” rating in a research report on Friday, March 16th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $63.95.
Shares of NASDAQ:CRSP traded down $0.59 during midday trading on Monday, reaching $51.18. 1,053,276 shares of the company’s stock were exchanged, compared to its average volume of 1,143,479. The company has a market capitalization of $2,441.83, a price-to-earnings ratio of -29.93 and a beta of 3.53. CRISPR Therapeutics has a fifty-two week low of $13.50 and a fifty-two week high of $61.24.
In other CRISPR Therapeutics news, insider Tyler Dylan-Hyde sold 66,000 shares of CRISPR Therapeutics stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $28.03, for a total value of $1,849,980.00. Following the completion of the transaction, the insider now directly owns 25,204 shares of the company’s stock, valued at approximately $706,468.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 39.98% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Creative Planning acquired a new position in CRISPR Therapeutics in the 4th quarter valued at about $243,000. Paloma Partners Management Co acquired a new position in CRISPR Therapeutics in the 4th quarter valued at about $290,000. D.A. Davidson & CO. acquired a new position in CRISPR Therapeutics in the 4th quarter valued at about $370,000. Bank of New York Mellon Corp acquired a new position in CRISPR Therapeutics in the 3rd quarter valued at about $288,000. Finally, Vanguard Group Inc. acquired a new position in CRISPR Therapeutics in the 2nd quarter valued at about $273,000. 26.50% of the stock is owned by institutional investors.
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CRISPR Therapeutics Company Profile
CRISPR Therapeutics AG, a gene editing company, focuses on developing transformative gene-based medicines for the treatment of serious human diseases using its regularly interspaced short palindromic repeats associated protein-9 (CRISPR/Cas9) gene-editing platform in Switzerland. Its lead product candidate is CTX001, which targets sickle cell disease and beta-thalassemia with an ex vivo approach whereby cells are harvested from a patient, treated with a CRISPR/Cas9-based therapeutic and reintroduced into the patient.
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