Stifel Nicolaus reissued their buy rating on shares of Spark Therapeutics, Inc. (NASDAQ:ONCE) in a report released on Thursday morning. They currently have a $92.00 target price on the biotechnology company’s stock, up from their prior target price of $77.00.

ONCE has been the subject of a number of other reports. Jefferies Group LLC began coverage on Spark Therapeutics in a report on Monday, July 10th. They issued a buy rating and a $85.00 price target for the company. Cantor Fitzgerald set a $94.00 price target on Spark Therapeutics and gave the stock a buy rating in a report on Monday, July 17th. ValuEngine downgraded Spark Therapeutics from a hold rating to a sell rating in a research report on Saturday, May 20th. BidaskClub upgraded Spark Therapeutics from a sell rating to a hold rating in a research report on Thursday, June 22nd. Finally, Zacks Investment Research upgraded Spark Therapeutics from a strong sell rating to a hold rating in a research report on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $82.27.

Shares of Spark Therapeutics (NASDAQ:ONCE) traded up 0.14% during trading on Thursday, reaching $76.96. The company’s stock had a trading volume of 2,519,357 shares. The stock’s market cap is $2.38 billion. The stock has a 50-day moving average of $63.15 and a 200-day moving average of $58.70. Spark Therapeutics has a 52-week low of $35.07 and a 52-week high of $78.08.

Spark Therapeutics (NASDAQ:ONCE) last posted its quarterly earnings results on Wednesday, August 2nd. The biotechnology company reported ($1.89) EPS for the quarter, missing the Zacks’ consensus estimate of ($1.75) by $0.14. Spark Therapeutics had a negative return on equity of 59.74% and a negative net margin of 962.72%. The company had revenue of $1.48 million during the quarter, compared to the consensus estimate of $1.33 million. During the same period in the previous year, the business earned ($1.04) earnings per share. Spark Therapeutics’s revenue was up 14.7% on a year-over-year basis. Analysts predict that Spark Therapeutics will post ($6.80) earnings per share for the current fiscal year.

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In other news, insider Katherine A. High sold 10,000 shares of Spark Therapeutics stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $60.00, for a total value of $600,000.00. Following the transaction, the insider now owns 220,000 shares in the company, valued at $13,200,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, General Counsel Barge Joseph La sold 5,000 shares of Spark Therapeutics stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the transaction, the general counsel now owns 9,567 shares in the company, valued at approximately $526,185. The disclosure for this sale can be found here. In the last quarter, insiders sold 314,310 shares of company stock worth $21,866,838. Company insiders own 7.30% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ONCE. FMR LLC increased its position in Spark Therapeutics by 0.9% in the first quarter. FMR LLC now owns 4,656,655 shares of the biotechnology company’s stock valued at $248,386,000 after buying an additional 40,698 shares in the last quarter. BlackRock Inc. increased its position in Spark Therapeutics by 11,332.0% in the first quarter. BlackRock Inc. now owns 1,840,214 shares of the biotechnology company’s stock valued at $98,158,000 after buying an additional 1,824,117 shares in the last quarter. Vanguard Group Inc. increased its position in Spark Therapeutics by 5.2% in the first quarter. Vanguard Group Inc. now owns 1,827,660 shares of the biotechnology company’s stock valued at $97,487,000 after buying an additional 90,686 shares in the last quarter. JPMorgan Chase & Co. increased its position in Spark Therapeutics by 7.8% in the first quarter. JPMorgan Chase & Co. now owns 1,549,093 shares of the biotechnology company’s stock valued at $82,628,000 after buying an additional 112,596 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in Spark Therapeutics by 119.5% in the first quarter. Wellington Management Group LLP now owns 808,782 shares of the biotechnology company’s stock valued at $43,140,000 after buying an additional 440,287 shares in the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

About Spark Therapeutics

Spark Therapeutics, Inc is a gene therapy company. The Company focuses on treating orphan diseases. It has a pipeline of product candidates targeting multiple rare blinding conditions, hematologic disorders and neurodegenerative diseases. Its pipeline includes a product candidate targeting choroideremia (CHM), which is in a Phase I/II clinical trial and a product candidate for hemophilia A, which is in a Phase I/II clinical trial.

Analyst Recommendations for Spark Therapeutics (NASDAQ:ONCE)

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