Raymond James Financial set a $66.00 price objective on Spark Therapeutics (NASDAQ:ONCE) in a report issued on Wednesday. The brokerage currently has a buy rating on the biotechnology company’s stock.
Other research analysts have also issued reports about the stock. SunTrust Banks upped their price objective on shares of Spark Therapeutics to $113.00 and gave the stock a buy rating in a report on Thursday. Cantor Fitzgerald set a $105.00 price objective on shares of Spark Therapeutics and gave the stock a buy rating in a report on Wednesday. BMO Capital Markets set a $67.00 price objective on shares of Spark Therapeutics and gave the stock a buy rating in a report on Tuesday. Goldman Sachs Group lowered shares of Spark Therapeutics from a buy rating to a neutral rating and decreased their price objective for the stock from $106.00 to $58.00 in a report on Thursday, December 14th. They noted that the move was a valuation call. Finally, Barclays restated a buy rating and issued a $54.00 price objective on shares of Spark Therapeutics in a report on Wednesday, December 13th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $76.03.
Shares of Spark Therapeutics (NASDAQ:ONCE) traded down $3.92 on Wednesday, reaching $51.84. 1,790,000 shares of the company’s stock traded hands, compared to its average volume of 1,420,000. The stock has a market cap of $1,920.00 and a PE ratio of -7.20. Spark Therapeutics has a fifty-two week low of $41.06 and a fifty-two week high of $91.75.
In related news, insider Daniel Faga sold 6,000 shares of the stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $79.95, for a total value of $479,700.00. Following the completion of the transaction, the insider now directly owns 6,000 shares in the company, valued at approximately $479,700. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Barge Joseph La sold 5,500 shares of the stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $71.44, for a total transaction of $392,920.00. Following the completion of the transaction, the insider now owns 8,146 shares of the company’s stock, valued at $581,950.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 62,309 shares of company stock valued at $4,621,085. 7.30% of the stock is owned by company insiders.
Several institutional investors have recently modified their holdings of the stock. Ameritas Investment Partners Inc. increased its stake in Spark Therapeutics by 23.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,040 shares of the biotechnology company’s stock valued at $122,000 after purchasing an additional 389 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Spark Therapeutics during the 2nd quarter valued at about $143,000. BNP Paribas Arbitrage SA increased its stake in Spark Therapeutics by 530.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,911 shares of the biotechnology company’s stock valued at $174,000 after purchasing an additional 2,449 shares in the last quarter. Pacad Investment Ltd. increased its stake in Spark Therapeutics by 75.0% during the 2nd quarter. Pacad Investment Ltd. now owns 3,500 shares of the biotechnology company’s stock valued at $209,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in Spark Therapeutics during the 3rd quarter valued at about $225,000. Institutional investors own 94.91% of the company’s stock.
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About Spark Therapeutics
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.
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