Health Care

Sarepta Therapeutics Inc (SRPT) Rating Increased to Buy at SunTrust Banks, Inc

Granite Point Capital Management, L.p. augmented its investment by buying 39,850 shares an increase of 170.5% in the quarter. Kaye now owns $2,151,311 of the stock according to the SEC filing.

A number of other research firms have also recently weighed in on SRPT.

Sarepta Therapeutics (NASDAQ:SRPT) traded down 4.07% during mid-day trading on Wednesday, reaching $34.40. About 1.82M shares traded. Finally, Edge Wealth Management LLC purchased a new stake in Sarepta Therapeutics during the 2nd quarter valued at about $175,000. As of quarter end Point72 Asset Management, L.p. had acquired 1,222,106 shares growing its position 152.1%. Singh covers the Healthcare sector, focusing on stocks such as Strongbridge Biopharma Plc, Syndax Pharmaceuticals Inc, and Catabasis Pharmaceuticals. Wells Fargo & Company MN now owns 108,477 shares of the biotechnology company's stock worth $3,657,000 after acquiring an additional 23,767 shares during the last quarter. Voya Investment Management LLC boosted its position in Sarepta Therapeutics by 2,786.1% during the second quarter. Shamim Ruff, SVP, Regulatory Affairs & Qual sold $395,950 worth of shares at a price of $43.33 on July 21st. $24.50's average target is 19.45% above currents $20.51 stock price. Following the sale, the senior vice president now owns 22,793 shares of the company's stock, valued at $934,513. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Douglas S. Ingram purchased 47,058 shares of Sarepta Therapeutics stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $42.97, for a total value of $521,569.86. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. The disclosure for this sale can be found here. They now have $30.97 price target on the biotechnology company's stock, up from their previous price target of $30.00.

Analysts await Donnelley Financial Solutions Inc (NYSE:DFIN) to report earnings on November, 1. Credit Suisse Group set a $64.00 target price on shares of Sarepta Therapeutics and gave the stock a buy rating in a research note on Tuesday, July 18th. Finally, Zacks Investment Research downgraded shares of Sarepta Therapeutics from a buy rating to a hold rating in a report on Monday, July 17th. Amer Century Cos holds 0% of its portfolio in Sarepta Therapeutics Inc (NASDAQ:SRPT) for 37,652 shares. William Blair maintained the stock with "Buy" rating in Wednesday, August 26 report. Needham & Company LLC reaffirmed a positive rating and set a $81.00 price objective on shares of Sarepta Therapeutics in a report on Thursday, January 12th. The forecast of 13 surveyed investment analysts covering the stock advises investors to Buy stake in the company. The stock has a consensus rating of "Buy" and an average target price of $62.31. The company rocked its 52-Week High of $63.73 and touched its 52-Week Low of $26.26. (SRPT) opened at 46.73 on Thursday. The volume of 1.22 Million shares climbed down over an trading activity of 2.62 Million shares. The firm has a 50-day moving average of $31.26 and a 200 day moving average of $33.41. The company has market cap of $511,133.

Sarepta Therapeutics (NASDAQ:SRPT) last issued its quarterly earnings data on Wednesday, July 19th. The company beat the analyst EPS Estimate with the difference of $0.14. The firm had revenue of $35.01 million during the quarter, compared to analysts' expectations of $22.52 million. The firm's revenue was up 350000.0% compared to the same quarter past year. With an institutional ownership near 40.2%, it carries an earnings per share ratio of 1.28. Sarepta Therapeutics, Inc. (SRPT) average trading volume of 2,577,140 during the past month is 9.2% above its average volume over the past year, indicating that investors have been more active than usual in the stock in recent times. The stock of Sarepta Therapeutics Inc (NASDAQ:SRPT) earned "Overweight" rating by Piper Jaffray on Monday, August 24. First Allied Advisory Services has invested 0.01% in Sarepta Therapeutics Inc (NASDAQ:SRPT). If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of global trademark and copyright legislation.

Sarepta Therapeutics, a biopharmaceutical company. The Company focuses on the discovery and development of ribose nucleic acid (RNA)-targeted therapeutics for the treatment of rare neuromuscular diseases. The Company operates through discovering, developing, manufacturing and delivering therapies to patients with Duchenne muscular dystrophy (DMD).

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