Evercore ISI Group Initiates Coverage on Spark Therapeutics Inc to Buy

Evercore ISI Group Initiates Coverage on Spark Therapeutics Inc(NASDAQ:ONCE). The shares have been rated Buy. The rating by Evercore ISI Group was issued on Apr 12, 2016.

In a different note, Goldman Sachs said it Initiates Coverage on Spark Therapeutics Inc, according to a research note issued on Mar 30, 2016. The shares have been rated ‘Neutral’ by the firm. Wedbush said it Initiates Coverage on Spark Therapeutics Inc, according to a research note issued on Mar 30, 2016. The shares have been rated ‘Underperform’ by the firm. SunTrust Robinson Humphrey said it Initiates Coverage on Spark Therapeutics Inc, according to a research note issued on Mar 21, 2016. The shares have been rated ‘Buy’ by the firm.

Spark Therapeutics Inc (ONCE) made into the market gainers list on Fridays trading session with the shares advancing 2.00% or 0.7 points. Due to strong positive momentum, the stock ended at $35.73, which is also near the day’s high of $35.93. The stock began the session at $34.98 and the volume stood at 1,24,990 shares. The 52-week high of the shares is $77.5411 and the 52 week low is $21.2. The company has a current market capitalization of $969 M and it has 2,71,09,724 shares in outstanding.

Spark Therapeutics Inc(ONCE) last announced its earnings results on Mar 9, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $2.20M. Analysts had an estimated revenue of $680.00K. Earnings per share were $-0.22. Analysts had estimated an EPS of $-0.73.

Several Insider Transactions has been reported to the SEC. On Jan 4, 2016, Hospital Of Philade Children’s (10% owner) sold 131,505 shares at $44.18 per share price.Also, On Dec 4, 2015, Katherine A High (director officer ) sold 10,000 shares at $55.31 per share price.On Nov 30, 2015, Anand Mehra (director) sold 22,961 shares at $60.01 per share price, according to the Form-4 filing with the securities and exchange commission.

Spark Therapeutics Inc. (Spark) is engaged in developing products in the field of gene therapy. Spark’s product candidate SPK-RPE65 which is in Phase III clinical trial stage targets a group of rare blinding conditions known as inherited retinal dystrophies (IRDs) caused by non-sex linked or autosomal recessive mutations in the RPE65 gene. Spark is also developing various follow-on product candidates targeting other IRDs including SPK-CHM for the treatment of choroideremia (CHM). SPK-CHM is in Phase I/II dose-escalating clinical trial stage. The Company’s product development portfolio includes product candidates targeting expression of genes in the liver with a focus on hematologic disorders. The Company is also engaged in the development and commercialization of product candidates in its SPK-FIX program for the treatment of hemophilia B. Spark also has preclinical programs in development for the treatment of hemophilia A and neurodegenerative diseases.

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