Sarepta Therapeutics Inc (SRPT) reported quarterly earnings results on Tuesday, Jul-19-2016. The company said it had a profit of $-1.19 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $-1.21. Analysts expectations of $.10 million. During the same quarter in the previous year, the company posted $-0.87 EPS.
Many Wall Street Analysts have commented on Sarepta Therapeutics Inc. Sarepta Therapeutics Inc was Upgraded by Piper Jaffray to ” Neutral” on Jun 9, 2016. Wedbush Upgraded Sarepta Therapeutics Inc on Jun 7, 2016 to ” Outperform”, Price Target of the shares are set at $36.Company shares were Reiterated by Wedbush on Jun 1, 2016 to “Outperform”, Firm has raised the Price Target to $ 23 from a previous price target of $14 .
Sarepta Therapeutics Inc opened for trading at $20.93 and hit $21.5 on the upside on Monday, eventually ending the session at $20.95, with a gain of 0.43% or 0.09 points. The heightened volatility saw the trading volume jump to 23,17,709 shares. Company has a market cap of $959 M.
In a different news, on Mar 16, 2016, M Kathleen Behrens (director) purchased 75,000 shares at $15.54 per share price. According to the SEC, on Mar 16, 2016, Ben Gil Price (director) purchased 4,500 shares at $16.70 per share price. On Mar 16, 2016, Richard Barry (director) purchased 75,000 shares at $15.66 per share price, according to the Form-4 filing with the securities and exchange commission.
Sarepta Therapeutics Inc. is a biopharmaceutical company. The Company is focused on the discovery and development of unique ribonucleic acid (RNA-targeted therapeutics for the treatment of rare infectious and other diseases. The Company is primarily focused on advancing the development of its potentially disease-modifying Duchenne Muscular Dystrophy (DMD) drug candidates including its lead DMD product candidate eteplirsen which is an antisense PMO therapeutic in Phase III clinical development for the treatment of individuals with DMD who have an error in the gene coding for dystrophin that is amenable to skipping exon 51. The Company is also developing therapeutics using its technology for the treatment of drug-resistant bacteria and infectious rare and other human diseases.