Editas Medicine Inc. (EDIT) Shares Down 4.3%
Shares of Editas Medicine Inc. (NASDAQ:EDIT) traded down 4.3% during trading on Wednesday . The company traded as low as $18.87 and last traded at $19.09, with a volume of 176,522 shares trading hands. The stock had previously closed at $19.94.
A number of analysts have commented on the stock. Cowen and Company reiterated a “buy” rating on shares of Editas Medicine in a research note on Monday, May 16th. Zacks Investment Research upgraded shares of Editas Medicine from a “sell” rating to a “hold” rating in a research note on Tuesday, July 19th. Vetr upgraded shares of Editas Medicine from a “hold” rating to a “buy” rating and set a $32.50 price target for the company in a research note on Monday, May 9th. Finally, Jefferies Group reiterated a “hold” rating and issued a $35.00 price target on shares of Editas Medicine in a research note on Friday, June 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Editas Medicine presently has a consensus rating of “Hold” and a consensus price target of $33.50.
The stock has a 50 day moving average price of $24.71 and a 200-day moving average price of $29.50. The company’s market capitalization is $674.80 million.
Editas Medicine (NASDAQ:EDIT) last released its quarterly earnings data on Tuesday, August 9th. The company reported ($0.54) earnings per share for the quarter, meeting the consensus estimate of ($0.54). On average, equities analysts forecast that Editas Medicine Inc. will post ($2.61) earnings per share for the current year.
Editas Medicine, Inc, formerly Gengine, Inc, is a genome editing company. The Company is engaged in treating patients with genetically defined diseases by correcting their disease-causing genes. It operates through developing and commercializing genome editing technology segment. It is developing a genome editing platform based on clustered, regularly interspaced short palindromic repeats (CRISPR)/CRISPR associated protein 9 (Cas9) technology.
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