CRISPR Therapeutics (NASDAQ:CRSP) Raised to "Hold" at Wall Street Zen
๐ Wall Street Zen upgraded CRISPR Therapeutics to 'Hold'.
๐ฐ Q1 loss hit $1.28/share on just $1.46M revenue.
๐ฆ Institutional ownership reached 69.20% with major additions.
๐งฌ Lead program CTX001 targets sickle cell disease.
๐ฌ Uses proprietary CRISPR/Cas9 gene-editing technology.
๐ Wall Street Zen upgraded CRISPR Therapeutics to a 'Hold' rating, joining recent positive actions from Citigroup and Evercore.
๐ฏ Analyst consensus maintains a 'Moderate Buy' status with an average price target of $67.78.
๐ฐ Q1 earnings showed a loss of $1.28 per share on revenue of only $1.46 million.
๐ The company reported a negative net margin of -13,856.54% and negative return on equity of -25.66%.
๐ฎ Analysts forecast an average annual loss of $4.89 per share for the current fiscal year.
๐ฆ Institutional ownership stands at 69.20%, with significant additions from ARK Investment Management and State Street Corp.
๐ Insider Naimish Patel sold 3,786 shares worth $210,577 to cover tax withholding obligations.
๐งฌ Lead program CTX001 targets sickle cell disease and beta-thalassemia in collaboration with Vertex Pharmaceuticals.
๐ฌ The company utilizes proprietary CRISPR/Cas9 technology for ex vivo and in vivo gene-editing therapies.
- Wall Street Zen upgraded stock to Hold from Sell.
- Citigroup restated rating to market outperform.
- Sanford Bernstein raised price target to $56.00.
- Evercore issued outperform rating with $76.00 objective.
- Institutional investors increased holdings in recent quarters.
- Q1 loss of $1.28 per share indicates ongoing profitability challenges.
- Minimal revenue of $1.46 million suggests limited commercial scale.
- Negative ROE of -25.66% and massive net margin contraction of -13,856.54%.
- Analysts expect continued losses with average EPS of -$4.89 for the year.
- Insider sold 3,786 shares worth $210,577, reducing ownership by 16.36%.
- Wall Street Zen upgraded the stock to a 'Hold' rating, signaling improved sentiment from a previous 'Sell' classification.
- Citigroup restated its rating to 'market outperform,' indicating confidence in the company's long-term prospects.
- Sanford C. Bernstein increased its price target to $56.00 and maintained a 'market perform' rating.
- Evercore issued an 'outperform' rating with a high price objective of $76.00.
- Major institutional investors including ARK Investment Management, State Street Corp, and GSK plc have increased their holdings in the second or fourth quarter.
- The stock maintains a consensus 'Moderate Buy' rating from MarketBeat with a target price of $67.78.
- The company reported a significant loss of $1.28 per share for the first quarter, indicating ongoing profitability challenges.
- Revenue was minimal at only $1.46 million for the quarter, suggesting limited commercial scale at this stage.
- Financial metrics include a negative return on equity of -25.66% and a massive net margin contraction of -13,856.54%.
- Analysts anticipate continued losses with an average expected EPS of -$4.89 for the current fiscal year.
- Insider Naimish Patel sold 3,786 shares worth $210,577 to cover tax obligations, representing a 16.36% reduction in his direct ownership.