ValuEngine upgraded shares of CRISPR Therapeutics (NASDAQ:CRSP) from a sell rating to a hold rating in a report released on Monday.
Other equities analysts also recently issued research reports about the company. SunTrust Banks reiterated a buy rating and issued a $65.00 price objective on shares of CRISPR Therapeutics in a report on Friday, March 9th. Piper Jaffray reiterated a buy rating and issued a $22.75 price objective (down previously from $39.00) on shares of CRISPR Therapeutics in a report on Wednesday, January 10th. BidaskClub upgraded CRISPR Therapeutics from a hold rating to a buy rating in a report on Thursday, January 4th. TheStreet upgraded CRISPR Therapeutics from a d+ rating to a c rating in a report on Friday, March 16th. Finally, Oppenheimer reiterated a hold rating on shares of CRISPR Therapeutics in a report on Thursday, December 21st. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $63.95.
CRSP traded up $3.77 during trading on Monday, reaching $46.44. The stock had a trading volume of 1,202,698 shares, compared to its average volume of 1,095,946. The company has a market cap of $2,082.42, a price-to-earnings ratio of -24.95 and a beta of 3.56. CRISPR Therapeutics has a one year low of $13.50 and a one year high of $61.24.
Several large investors have recently modified their holdings of the company. Wells Fargo & Company MN increased its holdings in shares of CRISPR Therapeutics by 17.2% during the fourth quarter. Wells Fargo & Company MN now owns 21,517 shares of the company’s stock valued at $505,000 after acquiring an additional 3,165 shares in the last quarter. ARK Investment Management LLC increased its holdings in shares of CRISPR Therapeutics by 22.8% during the fourth quarter. ARK Investment Management LLC now owns 31,388 shares of the company’s stock valued at $737,000 after acquiring an additional 5,833 shares in the last quarter. Creative Planning bought a new position in shares of CRISPR Therapeutics during the fourth quarter valued at $243,000. Paloma Partners Management Co bought a new position in shares of CRISPR Therapeutics during the fourth quarter valued at $290,000. Finally, D.A. Davidson & CO. bought a new position in shares of CRISPR Therapeutics during the fourth quarter valued at $370,000. Hedge funds and other institutional investors own 26.61% of the company’s stock.
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About CRISPR Therapeutics
CRISPR Therapeutics AG, a gene editing company, focuses on developing transformative gene-based medicines for the treatment of serious human diseases using its regularly interspaced short palindromic repeats associated protein-9 (CRISPR/Cas9) gene-editing platform in Switzerland. Its lead product candidate is CTX001, which targets sickle cell disease and beta-thalassemia with an ex vivo approach whereby cells are harvested from a patient, treated with a CRISPR/Cas9-based therapeutic and reintroduced into the patient.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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