Mirati Therapeutics Inc (NASDAQ:MRTX) major shareholder Boxer Capital, Llc sold 550,000 shares of the business’s stock in a transaction on Tuesday, January 8th. The stock was sold at an average price of $52.10, for a total transaction of $28,655,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
NASDAQ MRTX opened at $53.67 on Thursday. Mirati Therapeutics Inc has a 52 week low of $18.00 and a 52 week high of $65.35. The firm has a market cap of $1.46 billion, a PE ratio of -19.31 and a beta of 1.49.
Mirati Therapeutics (NASDAQ:MRTX) last issued its quarterly earnings results on Tuesday, November 6th. The biotechnology company reported ($0.85) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.87) by $0.02. Research analysts anticipate that Mirati Therapeutics Inc will post -3.12 EPS for the current year.
A number of research firms have recently commented on MRTX. BidaskClub raised shares of Mirati Therapeutics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 5th. Zacks Investment Research raised shares of Mirati Therapeutics from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Friday, January 4th. B. Riley began coverage on shares of Mirati Therapeutics in a research report on Friday, November 30th. They set a “buy” rating and a $60.00 target price on the stock. Jefferies Financial Group reissued a “hold” rating and set a $37.00 target price on shares of Mirati Therapeutics in a research report on Thursday, November 15th. Finally, HC Wainwright reissued a “buy” rating and set a $65.00 target price on shares of Mirati Therapeutics in a research report on Monday, November 12th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. Mirati Therapeutics currently has a consensus rating of “Buy” and an average target price of $54.89.
Large investors have recently modified their holdings of the stock. Legal & General Group Plc bought a new stake in shares of Mirati Therapeutics in the second quarter worth $150,000. Pacer Advisors Inc. bought a new stake in shares of Mirati Therapeutics in the third quarter worth $176,000. Renaissance Technologies LLC bought a new stake in shares of Mirati Therapeutics in the second quarter worth $227,000. GAM Holding AG bought a new stake in shares of Mirati Therapeutics in the third quarter worth $236,000. Finally, United Services Automobile Association bought a new stake in shares of Mirati Therapeutics in the second quarter worth $250,000.
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Mirati Therapeutics Company Profile
Mirati Therapeutics, Inc, a clinical-stage oncology company, develops targeted therapeutics to address the genetic, epigenetic, and immunological promoters of cancer. The company is involved in developing sitravatinib, an oral spectrum-selective kinase inhibitor, which is in Phase II clinical for the treatment of solid tumor; and in Phase Ib clinical trial to treat non-small cell lung cancer (NCSLC) patients with CBL, chromosome 4q12, and RET genetic alterations, as well as mocetinostat, an orally administered spectrum-selective Class 1 histone deacetylase inhibitor that is in Phase II clinical trial in combination with durvalumab for the treatment of patients with NSCLC.
Further Reading: Price to Earnings Ratio (PE) Basics
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