TESARO, Inc. (TSRO) Receives Neutral Rating from Robert W. Baird
TESARO, Inc. (NASDAQ:TSRO)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Robert W. Baird in a research report issued to clients and investors on Thursday. They presently have a $140.00 target price on the biopharmaceutical company’s stock, down from their previous target price of $155.00. Robert W. Baird’s price objective would indicate a potential upside of 20.50% from the stock’s previous close.
A number of other equities research analysts have also issued reports on TSRO. Janney Montgomery Scott set a $139.00 price target on TESARO and gave the stock a “hold” rating in a research note on Saturday, June 10th. Cowen and Company set a $145.00 price target on TESARO and gave the stock a “hold” rating in a research note on Saturday, June 10th. Morgan Stanley reiterated an “overweight” rating and issued a $183.00 price target on shares of TESARO in a research note on Thursday. FBR & Co cut their price target on TESARO from $200.00 to $195.00 and set a “mkt perform” rating for the company in a research note on Monday, June 5th. Finally, Cann reiterated a “buy” rating and issued a $199.00 price target on shares of TESARO in a research note on Monday, June 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. TESARO currently has an average rating of “Buy” and an average target price of $176.35.
TESARO (TSRO) opened at 116.18 on Thursday. The stock’s market capitalization is $6.26 billion. The stock has a 50 day moving average price of $132.43 and a 200 day moving average price of $149.67. TESARO has a 12 month low of $83.26 and a 12 month high of $192.94.
TESARO (NASDAQ:TSRO) last posted its quarterly earnings data on Tuesday, August 8th. The biopharmaceutical company reported ($2.82) EPS for the quarter, missing the consensus estimate of ($2.52) by $0.30. The company had revenue of $29.50 million during the quarter, compared to analysts’ expectations of $18.61 million. TESARO had a negative return on equity of 97.17% and a negative net margin of 1,301.19%. The company’s revenue for the quarter was down 17.6% on a year-over-year basis. During the same quarter last year, the company earned ($1.28) earnings per share. On average, equities research analysts forecast that TESARO will post ($8.56) earnings per share for the current fiscal year.
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In other TESARO news, VP Edward C. English sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $138.65, for a total value of $1,178,525.00. Following the completion of the sale, the vice president now owns 5,396 shares of the company’s stock, valued at $748,155.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 40.50% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in the company. Teacher Retirement System of Texas increased its stake in shares of TESARO by 2.1% in the first quarter. Teacher Retirement System of Texas now owns 2,945 shares of the biopharmaceutical company’s stock valued at $453,000 after buying an additional 60 shares during the last quarter. Profund Advisors LLC increased its stake in shares of TESARO by 3.8% in the first quarter. Profund Advisors LLC now owns 2,562 shares of the biopharmaceutical company’s stock valued at $394,000 after buying an additional 93 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of TESARO by 0.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 16,740 shares of the biopharmaceutical company’s stock valued at $2,576,000 after buying an additional 150 shares during the last quarter. Aperio Group LLC increased its stake in shares of TESARO by 4.5% in the second quarter. Aperio Group LLC now owns 3,658 shares of the biopharmaceutical company’s stock valued at $512,000 after buying an additional 156 shares during the last quarter. Finally, Stephens Inc. AR increased its stake in shares of TESARO by 11.0% in the first quarter. Stephens Inc. AR now owns 1,759 shares of the biopharmaceutical company’s stock valued at $271,000 after buying an additional 175 shares during the last quarter.
TESARO Company Profile
TESARO, Inc is an oncology-focused biopharmaceutical company. The Company operates through the business of developing and commercializing of oncology-focused therapeutics segment. It is developing oncology-related product candidates, including rolapitant, niraparib and the product candidates under its immuno-oncology platform.
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