Spark Therapeutics Inc (ONCE) was Reiterated by SunTrust to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 72 from a previous price target of $64 . SunTrust advised their investors in a research report released on Jun 21, 2016.
Many Wall Street Analysts have commented on Spark Therapeutics Inc. Cantor Fitzgerald Initiated Spark Therapeutics Inc on Jun 3, 2016 to “Buy”, Price Target of the shares are set at $100.Spark Therapeutics Inc was Initiated by Jefferies to “Hold” on Jun 2, 2016. Wedbush Initiated Spark Therapeutics Inc on Mar 31, 2016 to “Underperform”, Price Target of the shares are set at $21.
On the company’s financial health, Spark Therapeutics Inc reported $-0.95 EPS for the quarter, missing the analyst consensus estimate by $ -0.11 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $-0.84. The company had revenue of $1.29 million for the quarter, compared to analysts expectations of $1.49 million. The company’s revenue was down -43.2 % compared to the same quarter last year.
Spark Therapeutics Inc opened for trading at $46.59 and hit $47.64 on the upside on Monday, eventually ending the session at $46.25, with a gain of 1.07% or 0.49 points. The heightened volatility saw the trading volume jump to 4,75,012 shares. Company has a market cap of $1,267 M.
In a different news, on Jun 16, 2016, Jeffrey D Marrazzo (Chief Executive Officer) sold 5,000 shares at $47.26 per share price. According to the SEC, on Jun 2, 2016, Anand Mehra (director) sold 500 shares at $60.00 per share price. On May 27, 2016, Katherine A High (director officer ) sold 10,000 shares at $54.00 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.