Zacks: Analysts Expect Wave Life Sciences Ltd (WVE) Will Announce Quarterly Sales of $6.59 Million

Analysts expect that Wave Life Sciences Ltd (NASDAQ:WVE) will report $6.59 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Wave Life Sciences’ earnings, with the highest sales estimate coming in at $9.20 million and the lowest estimate coming in at $2.00 million. Wave Life Sciences posted sales of $680,000.00 during the same quarter last year, which would indicate a positive year-over-year growth rate of 869.1%. The company is scheduled to report its next earnings report on Wednesday, May 9th.

On average, analysts expect that Wave Life Sciences will report full-year sales of $6.59 million for the current financial year, with estimates ranging from $8.00 million to $36.70 million. For the next fiscal year, analysts forecast that the firm will report sales of $43.87 million per share, with estimates ranging from $20.00 million to $76.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Wave Life Sciences.

How to Become a New Pot Stock Millionaire

WVE has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Wave Life Sciences from a “hold” rating to a “sell” rating in a research report on Saturday, January 13th. BidaskClub raised shares of Wave Life Sciences from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 2nd. Mizuho set a $34.00 price target on shares of Wave Life Sciences and gave the stock a “buy” rating in a research note on Tuesday, February 20th. Finally, Leerink Swann raised their price target on shares of Wave Life Sciences from $53.00 to $64.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 21st. Two investment analysts have rated the stock with a sell rating and seven have given a buy rating to the company’s stock. Wave Life Sciences presently has a consensus rating of “Buy” and an average price target of $53.40.

In other news, insider Chris Francis sold 21,639 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $55.40, for a total value of $1,198,800.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael A. Panzara sold 511 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $52.10, for a total transaction of $26,623.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,466 shares of company stock worth $1,321,808. Insiders own 53.00% of the company’s stock.

A number of hedge funds have recently modified their holdings of WVE. The Manufacturers Life Insurance Company raised its stake in Wave Life Sciences by 71.0% during the second quarter. The Manufacturers Life Insurance Company now owns 9,422 shares of the company’s stock worth $175,000 after purchasing an additional 3,912 shares during the period. Goldman Sachs Group Inc. purchased a new position in Wave Life Sciences during the fourth quarter worth about $222,000. New York State Common Retirement Fund raised its stake in Wave Life Sciences by 64.9% during the second quarter. New York State Common Retirement Fund now owns 12,700 shares of the company’s stock worth $236,000 after purchasing an additional 4,999 shares during the period. Parametric Portfolio Associates LLC purchased a new position in Wave Life Sciences during the second quarter worth about $311,000. Finally, State of Wisconsin Investment Board purchased a new position in Wave Life Sciences during the fourth quarter worth about $316,000. 79.40% of the stock is currently owned by institutional investors.

Shares of Wave Life Sciences stock traded down $0.65 during midday trading on Thursday, hitting $39.70. 137,725 shares of the stock traded hands, compared to its average volume of 165,236. Wave Life Sciences has a 1-year low of $15.15 and a 1-year high of $55.95. The firm has a market capitalization of $1,111.28, a price-to-earnings ratio of -10.34 and a beta of 0.14. The company has a current ratio of 7.67, a quick ratio of 7.67 and a debt-to-equity ratio of 0.02.

TRADEMARK VIOLATION NOTICE: This news story was posted by Ticker Report and is the sole property of of Ticker Report. If you are viewing this news story on another site, it was copied illegally and reposted in violation of United States & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.tickerreport.com/banking-finance/3300435/zacks-analysts-expect-wave-life-sciences-ltd-wve-will-announce-quarterly-sales-of-6-59-million.html.

Wave Life Sciences Company Profile

WAVE Life Sciences Ltd. is a genetic medicines company. The Company, through its synthetic chemistry drug development platform, designs, develops and commercializes a pipeline of nucleic acid therapeutic candidates for genetically defined diseases. The Company is engaged in developing oligonucleotides that target genetic defects to either reduce the expression of disease-promoting proteins or transform the production of dysfunctional mutant proteins into the production of functional proteins.

Get a free copy of the Zacks research report on Wave Life Sciences (WVE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Wave Life Sciences (NASDAQ:WVE)

Receive News & Ratings for Wave Life Sciences Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wave Life Sciences and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

RSP Permian  Given a $69.00 Price Target by Stephens Analysts
RSP Permian Given a $69.00 Price Target by Stephens Analysts
Sandler O’Neill Analysts Give Simmons First National  a $35.00 Price Target
Sandler O’Neill Analysts Give Simmons First National a $35.00 Price Target
Wells Fargo Downgrades Emergent BioSolutions  to Market Perform
Wells Fargo Downgrades Emergent BioSolutions to Market Perform
Targa Resources  PT Set at $53.00 by Seaport Global Securities
Targa Resources PT Set at $53.00 by Seaport Global Securities
Cognex  Raised to Buy at Zacks Investment Research
Cognex Raised to Buy at Zacks Investment Research
Gold Corporation Barrick Buys 1,293,324 Shares of Royal Road Minerals  Stock
Gold Corporation Barrick Buys 1,293,324 Shares of Royal Road Minerals Stock


© 2006-2018 Ticker Report. Google+.